Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter http://twitter.com/#!/lucksr

Sunday, November 22, 2020

Reigning The Nifty and Bank Nifty 23rd November 2020


Weekly Chart 


 Daily Chart 

 Hourly Chart 


Nifty showing no signs of exhaustion. Breaking out of the falling wedge will see Nifty resume the uptrend, failing which, the green channel comes into the picture offering support around 12000.

Bank Nifty Weekly Chart



No negatives yet in both the Indices. Trend is up so no shorts. Fresh longs with loads of caution.



follow me on twitter http://twitter.com/#!/lucksr 


Happy Trading !! 


Lakshmi Ramachandran

Monday, November 16, 2020

Reigning The Nifty and Bank Nifty 17th November 2020


Nifty Weekly Chart


  Hourly Chart 


The upmove from 10790 which bounced off the 200 Dema seems to be be making a sideways move and could well make an attempt at the 13000 mark.


Bank Nifty Weekly Chart 



Bank Nifty could make an attempt to cross all time highs.


follow me on twitter http://twitter.com/#!/lucksr 


Happy Trading !! 

Lakshmi Ramachandran

Sunday, November 8, 2020

Momentum Lags Price


Nifty Weekly Chart 


Nifty Daily Chart 


Nifty has been climbing higher but with momentum slowing. This has led to most participants being cautious. I would continue to trade light instead of turning ultra bullish. Small profits are better than sudden huge losses.


Bank Nifty Weekly Chart 


Bank Nifty Daily Chart 


Bank Nifty looks on track to achieve 30000 with oscillators supporting the move. If it does the Nifty moves up too !


follow me on twitter http://twitter.com/#!/lucksr 


Happy Trading !! 



Lakshmi Ramachandran

Thursday, November 5, 2020

Bulls Defy Bears


Nifty Daily Chart 


Rising wedge once again ! Allows room till 12163.


Bank Nifty  Daily Chart 


61.8% at 26311.


follow me on twitter http://twitter.com/#!/lucksr 


Happy Trading !! 


Lakshmi Ramachandran

Saturday, October 31, 2020

Reigning The Nifty 2nd November 2020


Monthly Chart 


 Weekly Chart 


Daily Chart


Nifty continues to tease inspite of bearish signals teaching us that Price is supreme.

Continue to be cautiously bullish.


follow me on twitter http://twitter.com/#!/lucksr 


Happy Trading !! 


Lakshmi Ramachandran