Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, April 20, 2012

Reigning The Bank Nifty 20th April 2012

Daily Chart

Half Hourly Chart

The Bank Nifty made a lower low lower high candle.Like the Nifty the Bank Nifty too has broken out of the flag formation without much fanfare. Despite the trend following Emas showing bullishness it would be prudent to wait for the bulls to show more conviction to declare the trend bullish.Cautiously bullish it is as of now.

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Happy Trading !!
Lakshmi Ramachandran

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