Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, February 24, 2012

Reigning The Bank Nifty 24th February 2012

Daily Chart

A gap down opening keeping with the bearishness of  yesterday's candle.The long upper shadow shows selling at higher levels.The oscillators have turned down from the overbought level on daily charts showing weakened upward momentum.

 The Bank Nifty is trying to take support between the 50% and 61.85 fibo levels of the rise from 10183.Only a fall below 10183 will bring downward momentum.Only a break above 11184 will bring in upward momentum.This thousand point range should be difficult to trade.

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Happy Trading !!
Lakshmi Ramachandran

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