Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, September 13, 2012

Reigning The Bank Nifty 13th September 2012

Daily Chart

Half Hourly Chart 

Neckline of the inverted head and shoulder was tested and the Bank Nifty closed above it once again.The close was also above the downtrendline from 10560 but the forming of a doji star on daily charts puts a question mark on all such breakouts.

The  earlier high made at 10182 which was eagerly watched could not be crossed decisively.The formation of a rising wedge shown on half hourly charts increases the possibility of a fall if the support line is broken.

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Happy Trading !!
Lakshmi Ramachandran

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