Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, June 19, 2012

Reigning The Bank Nifty 19th June 2012

 Daily Chart

An engulfing bearish pattern occured.The bearish candle engulfed the entire range of the previous week which is extremely bearish.Having occured on increased volumes enhances the bearish viewpoint.Oscillators show more downside possibility.

  Half Hourly Chart

.The rising wedge and bearish head and shoulder patterns have broken out giving targets of 8813 and  9393  respectively.

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Happy Trading !!
Lakshmi Ramachandran

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