Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, September 7, 2012

Reigning The Bank Nifty 7th September 2012

Daily Chart  

 An Inside day pattern was formed.This could be a reversal pattern if the high of yesterday's candle at 9976 is crossed and closes above it.A close above the uptrendline from December 2011 lows raises hopes of a reversal.Stochastics is showing signs of moving up too.
A very weak pullback which resisted at the brown lower trendline of the channel from which Bank Nifty broke down yesterday.If maintains below it then can head lower to around 9335.


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Happy Trading !!
Lakshmi Ramachandran

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