Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, July 25, 2012

Reigning The Bank Nifty 25th July 2012

Daily Chart 

Half Hourly Chart 

 A pause in the downtrend depicted by a doji.The candlepattern formed is a bullish harami too but with a lower high lower low and the real body in the lower range of the previous day's candle I would not be comfortable calling a reversal.This may lead to the  pullback is due with stochastics in extreme oversold zone and Obv supporting it after showing a minor positive divergence.

Gap resistance at 10402-10482 needs to be filled before any bullish calls are made.

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Happy Trading !!
Lakshmi Ramachandran

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