Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Friday, July 13, 2012

Reigning The Bank Nifty 13th July 2012

 Daily Chart

Half Hourly Chart

The Bank Nifty pulled back as per expectation.Daily oscillators indicate further fall possible. The red rising wedge break target is around 9850.The green trendline shown on daily charts which was the neckline of the inverse head and shoulder pattern should hold .Support on the trendline is now at 10116.Only a fall below this will put the ongoing upmove in danger.

 follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: