Reigning The Nifty 1st December 2020

Monthly Chart

Weekly Chart 

Doji at over bought levels on weekly charts call for caution.

 Daily Chart 

Latest action has formed an expanding triangle showing volatality and indicating possible bearishness.

Nifty not showing signs of correcting as yet. However some sideways to down movement may be seen as indicated by the weekly doji and expanding triangle.

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Happy Trading !! 

Lakshmi Ramachandran

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.

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Happy Trading !! 

Lakshmi Ramachandran

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.

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Happy Trading !! 

Lakshmi Ramachandran

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 !

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Happy Trading !! 

Lakshmi Ramachandran

Bulls Defy Bears

Nifty Daily Chart 

Rising wedge once again ! Allows room till 12163.

Bank Nifty  Daily Chart 

61.8% at 26311.

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Happy Trading !! 

Lakshmi Ramachandran