Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Saturday, October 27, 2012

Reigning The Bank Nifty 26th October 2012

Daily Chart

Half Hourly Chart

Expiry over and the range which started from September expiry remains un resolved.The diamond formation shown on daily charts in red has broken out on the upside, the latest move in an uptrending channel and the 61.8% retracement level is still held.However,  there seems to be no strength in the breakout and a decisive move from the range is required to set the trend and increase the momentum.
Immediate breakout  levels are 11679 on the upside and 11424 on the downside as marked on daily charts.

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Happy Trading !!

Lakshmi Ramachandran

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