S&P500 27th January 2012

 Daily Chart

A down day which kept with the higher high higher low of the uptrend.The rising wedge has support at 1318 and reistance at 1334 which is also the high made yesterday.Oscillators overbought and moving down from overbought region.The S&P500 is vulnerable to a correction.



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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 27th January 2012

 Daily Chart

A small bodied candle.This could be an indication of upward momentum waning.At stiff resistances like the 200 dema more strength and conviction needs to be shown to get the sideliners to join in.Intraday charts are showing negative divergence on oscillators.

However daily oscillators showing strength having scaled it's peaks made in April 2011 and breaking above the downtrendline from November 2011 highs.The Nifty has closed above it's 200 dema.The 20 and 50 dema continue to move up after giving the golden cross. 

Tighten stops at 5050 instead of booking out on longs.

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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 27th January 2012

 Daily Chart

 

A small bodied candle indicating waning of upward momentum.200 dema crossed decisively, 20/50 dema given the golden cross.Bullish indications pending is the scaling of previous peak at 10080 and the downtrendline at 10130.Daily oscillators showing strength.

Trend is up and showing strength.Use trailing stops instead of booking profits.

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Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 26th January 2012

 Daily Chart

 Closed well above the downtrendline from 1371.This is bullish.Keep your longs with trailing stops.



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Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 25th January 2012

Daily Chart

A hanging man once again registering a lower high and lower low indicating bearishness is creeping in.Stop loss for longs at 1278.



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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com