Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, July 20, 2012

Reigning The Bank Nifty 20th July 2012

Daily Chart 

Maintained above the downtrendline joining November 2010 highs with 11226.Broke out and closed above the pennant formed but was not convincing marred with profit booking throughout the day.Also closed below the red uptrending channel for the first time in the rally.A close above 10676-10709 required to keep the bears at bay.

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Happy Trading !!
Lakshmi Ramachandran

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