Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, March 27, 2012

Reigning The Bank Nifty 27th March 2012


Daily Chart
Today's candle is bearish with no upper shadow and an insignificant lower one.The close is below the 50  dema and the mauve trendline drawn through the 9939 low. Crucial for the bullish case is support at 9707 on the downtrending channel from which the Bank Nifty broke out in January turning the scene bullish.9758 is the support line of the flag.
Half Hourly Chart
The Bank Nifty has crucial supports at 9758-9707.If breaks then the bears will dominate else the bulls continue to hav the upper hand. Fibo supports  and resistances marked on the chart above.

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Happy Trading !!
Lakshmi Ramachandran

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