Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, June 26, 2012

Reigning The Bank Nifty 26th June 2012

 Daily Chart

Resisted once again at the blue uptrendline but managed to hold above the red dotted downtrendline.Support at 9859-9845 important as shown in chart below. Fall below 9619 will make a short term lower low and may lead to a faster fall.
Oscillators showing signs of tiring out.

Daily Chart

 Half Hourly Chart

 An inverted head and shoulder pattern could be forming with neckline around 10200.Scaling 10224 would be required to confirm it.

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Happy Trading !!
Lakshmi Ramachandran

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