Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Sunday, November 4, 2012

Reigning The Bank Nifty 2nd November 2012

Half Hourly Chart

Bank Nifty continued to pullback but strength was missing.The recovery could not even reach the 38.2% retracement level of the fall from 11745 to 11125.
Stochastics has given a buy in the oversold region and Rsi14 has moved above the 50 level once again indicating the pullback could continue.
Resistance at 11366-11419-11478-11600. Support at 11264-11230-11213-11117

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Happy Trading !!

Lakshmi Ramachandran

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