Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, March 15, 2012

Reigning The Bank Nifty 15th March 2012

Daily Chart
The Inside pattern mentioned yesterday broke on the upside. Easy breakouts on the upside and daily gap up openings is keeping the bullish sentiment alive.Moving averages are bullish and the oscillators are showing strength.Scaling the previous top of 10226 seems a cakewalk now after scaling the 61.8% level at 10725 so easily. Strong resistance though at 10984 on the green trendline.
Negative divergence on half hourly oscillators may bring in some pullback.

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Happy Trading !!
Lakshmi Ramachandran

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