Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, July 30, 2012

Reigning The Bank Nifty 30th July 2012

Weekly Chart 

Daily Chart 

The bank Nifty continued to move towards the rising wedge target breaking below the top made at 10224.The expected pullback resisted exactly at the gap resistance of  10402.A flag formation redrawn could hold the clue to further movement.A breakout on the upside could be bullish.

Oscillators show  weakness  indicating more fall to come.Daily stochastics is in the oversold region indicating the pullback could continue.

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Happy Trading !!
Lakshmi Ramachandran

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