Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, April 13, 2012

Reigning The Bank Nifty 13th April 2012

 Daily Chart

The outside pattern's indication for a reversal has been vindicated.Breakout from the green downtrendline, all demas bullishly aligned and close above all demas.This is bullish.The OBV which had given a bullish indication having shown positive divergence has broken above it's prior top thus signalling Nifty may follow suit and break above 10912.

 Half Hourly Chart

 The right shoulder has formed well and awaiting neckline breakout at 10450-10443 for the day.
Supports at 10243-10292-10250  Resistance at 10495-10506-10584.

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Happy Trading !!
Lakshmi Ramachandran

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