Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, October 24, 2012

Reigning The Bank Nifty 23rd October 2012

Daily Chart

Half Hourly Chart

Bank Nifty traded in the upper part of the 11745-11245 range in which it has been trading since the beginning of the month but failed to give a breakout.The close however was above the tiny range of 11420-11606 made within this broader range of 11745-11245 raising hopes that the break out may be on the upside.The bullish engulfing candle on daily charts support this view.
Weakness only below 11245.

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Happy Trading !!

Lakshmi Ramachandran

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