Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, November 9, 2012

Reigning The Bank Nifty 8th November 2012

Half Hourly Chart
Bank Nifty finally broke the resistance at 11657 as per expectations.The target of the flag break would be 12057 with Resistance at 11745-11978.
Half hourly charts show the Bank Nifty resisted at  uptrending channel's  resistance line.Logically it shoul test the support line which has support at 11564-11729.Flag resistance line is   now support at 11577-11570.
Taking things one step at a time we will think of the bearish possibility once the bearish bias sets in.Now it is bull time.

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Happy Trading !!

Lakshmi Ramachandran

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