Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Sunday, August 9, 2020

Reigning The Nifty 10th August 2020


Weekly Chart 


 Daily Chart 


 Cautiously Bullish would be the term applicable.


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Happy Trading !! 

Lakshmi Ramachandran

Saturday, August 8, 2020

Bank Nifty 10th August 2020


Weekly Chart


Daily Chart



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Happy Trading !! 

Lakshmi Ramachandran

Wednesday, August 5, 2020

Reigning The Nifty 5th August 2020


Daily Chart


 Daily Chart 





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Happy Trading !!

Lakshmi Ramachandran

Monday, August 3, 2020

Reigning The Nifty and Bank Nifty 4th August 2020


Nifty Daily Chart 


 Bank Nifty Daily Chart 




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Happy Trading !!

Lakshmi Ramachandran

Reigning The Nifty 3rd August 2020


Monthly Chart 


 Weekly Chart 


Daily Chart 




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Happy Trading !!

Lakshmi Ramachandran

Thursday, July 30, 2020

Sideways Move Continues


Nifty Daily Chart 


 Bank Nifty Daily Chart 



Sideways move continues with a mild downward bias.


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Happy Trading !!


Lakshmi Ramachandran

Tuesday, July 28, 2020

Update 29th July 2020



Nifty Daily Chart 



Bank Nifty Daily Chart 





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Happy Trading !!

Lakshmi Ramachandran

Sunday, July 26, 2020

Reigning The Nifty 27th July 2020


Monthly Chart 


Oscillators moving up from oversold zone indicating more upside possible. Buy the huge dips.

Weekly Chart 


 Daily Chart 


Trade with caution as Nifty is close to strong resistance. However as long term charts show room for more upsides one could look for corrections to enter long positions.



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Happy Trading !!


Lakshmi Ramachandran

Friday, July 24, 2020

Reigning The Nifty and Bank Nifty 24th July 2020



Nifty Weekly Chart 



Bank Nifty Weekly Chart 





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Happy Trading !!

Lakshmi Ramachandran

Monday, July 20, 2020

Bank Nifty 20-07-2020



Daily Chart 




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Happy Trading !!


Lakshmi Ramachandran

Reigning The Nifty 20th July 2020



Weekly Chart 



 Daily Chart 



Nifty may be in a mature state of the uptrend.Buy only on dips and trade with caution.



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Happy Trading !!


Lakshmi Ramachandran

Friday, July 17, 2020

Reigning The Nifty 17th July 2020



Nifty Daily Chart 


Nifty  Hourly Chart 




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Happy Trading !!

Lakshmi Ramachandran

Thursday, July 16, 2020

Reigning the Nifty



Nifty Hourly Chart


Nifty Hourly Chart


Expanding triangle redrawn as there may be a leg up.



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Happy Trading !!

Lakshmi Ramachandran


Monday, July 13, 2020

Expecting Weakness in Nifty and Bank Nifty



Nifty Daily Chart


Minor negative divergence on RSI 14


Bank Nifty Daily Chart



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Happy Trading !!

Lakshmi Ramachandran

Sunday, July 12, 2020

Reigning The Nifty 13th July 2020



Weekly Chart 



 Daily Chart 



Hourly Chart





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Happy Trading !!

Lakshmi Ramachandran

Friday, July 10, 2020

Update 10th July 2020



Nifty Daily Chart


 Hourly Chart 



Nifty continues to remain in bullish territory. However, bearish signals need to be kept in mind as 

overbought conditions may prompt bulls to give way.


Bank Nifty Daily Chart



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Happy Trading !!

Lakshmi Ramachandran

Thursday, July 9, 2020

Bank Nifty Update



Daily Chart 



 Half Hourly Chart 



Shooting star will attract the bears and the double bottom breakout the bulls.Time for both to tighten stops.


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Happy Trading !!

Lakshmi Ramachandran

Nifty Confirms Bearishness of Hanging Man



 Daily Chart 



 Half Hourly Chart




So bearishness of the hanging man was confirmed.Till the high made at 10848 is not taken out on a closing basis bears rule.

Till the red uptrendline from 7511  is not broken bulls can make a comeback.

A lot of pork to be eaten meanwhile ! 😀


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Happy Trading !!

Lakshmi Ramachandran

Wednesday, July 8, 2020

Bank Nifty Intraday Update



 Half Hourly Chart 


Bank Nifty will confirm a double bottom if manages a close above the 21967 high today.


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Happy Trading !!

Lakshmi Ramachandran

Bank Nifty Update



Daily Chart 




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Happy Trading !!

Lakshmi Ramachandran

Nifty Defies The Bears



Daily Chart 


A classic Hanging Man candle pattern was formed. This is a reversal signal, but of course, needing confirmation today with Nifty moving lower and closing lower too.

RSI 14 is in the overbought zone making it more reliable if today prices were to move lower.

 Daily Chart 



 Half Hourly Chart 






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Happy Trading !!



Lakshmi Ramachandran

Tuesday, July 7, 2020

Nifty and Bank Nifty Update



Nifty Daily Chart 



Bank Nifty Daily Chart




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Happy Trading !!


Lakshmi Ramachandran

Sunday, July 5, 2020

Nifty Frought With Resistances



Weekly Chart 



Daily Chart 



 Hourly Chart 



As is visible on each of the charts Nifty is frought with resistances.The rising wedge too has reached a point which makes it's bearishness irrelevant if the break down does not happen with a leg down immediately.

Keeping tight stops on longs and waiting for the breadown to create shorts would be prudent.



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Happy Trading !!


Lakshmi Ramachandran

Bank Nifty Struggles



Weekly Chart 



Daily Chart 



The 38.2% retracement levels is proving difficult to cross.In the circumstances bias of the Inside day 
proving bearish may seem more likely.




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Happy Trading !!



Lakshmi Ramachandran