Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, May 16, 2012

Reigning The Bank Nifty 16th May 2012

Daily Chart

 Half Hourly Chart

Pullback came in but seems just a technical pullback as the lower high lower low sequence of candles continues.Reaction came in before reaching even the 23.6% retracement level of the last leg from 9924.Only a decisive breakout from the falling wedge scaling at least the 61.8% level at 9643 is necessary to get the bears to retreat.

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Happy Trading !!
Lakshmi Ramachandran

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