Nifty Daily Chart
Nifty Half Hourly Chart 
Nifty half Hourly Support ChartThe question is now what? Well I would still say stick to technicals. Do not take fresh positions till things calm down. There is no need to swear off FnO. Take hedged positions at newsy times though it may mean lower profits, the important point to note is we make lower losses in case the market goes against us..
The next target is 4800-4900 with minor resistances at 4558 and 4650. Other supports and resistances are marked on the charts.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
6 comments:
Dear Madam
I am Satheesha. I am impressed with your trading methods. I want to know about which charting software is best to trade. which software you used to trade.
I hope I will get positive response from your side.
faithfully
K.N.Satheesha
i use metastock and this is the best
dear lakshmi,i am a regular reader of ur blog and follow ur tips.plz advise wht can b the may expiry for nifty as i am holding a few long positions.
regds,rashmi
dear rashmi
taking artial profits would be prudent. 3717 will now be a good support so the expiry may be some where above this level. Difficult to predict levels though
i am retired govt officer and addicted to your blog.i had a feeling that everything posted on net is by traders who use the media to find a exit route at higher price.but now i find all blogs charted on vfm direct are honest persons with god given talent.kindly advise me best two books on swing trading.with regards.
sshari
Thanks for the comment. Yhe one book which I have read is Technician's guide to Day and Swing trading by Martin J Pring
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