Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, July 24, 2012

Reigning The Bank Nifty 24th July 2012

Daily Chart 

The fall from the rising wedge precipitated with a gap down opening.The target for this breakout is around 9100.Gap resistance at 10482-10402 will now be the first important resistance to be scaled for the bullishness to resume.
Oscillators on half hourly charts in extreme oversold zone and so is the daily stochastics.A pullback may be in order sooner than later.A sell on rise till the gap at 10482-10402 is filled.

Half Hourly Chart 

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Happy Trading !!
Lakshmi Ramachandran 

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