Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, August 27, 2012

Reigning The Bank Nifty 27th August 2012

Weekly Chart 

Daily Chart 

 The Bank Nifty failed to clear the downtrendline from November 2010 high passing through the February 2012 highs at 11226 and made a decisive breakout below the uptrendline from 10056.This make the bias negative.Only a move and close above 10560 will signal resumption of the upmove.
Oscillators too looking weak.
Fall below 10056 will increase the downward momentum.Good support at 9905 -9888 which is a fibo cluster level.


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Happy Trading !!
Lakshmi Ramachandran

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