S&P500 22nd June 2012

Daily Chart

 Bearish candle after the resistance faced at 61.8% retracement level of fall from 1422.The uptrendline for the rally has been broken decisively and has already retraced 38.2%. 200 dema and the 50% fibo level coincide at 1315 to offer strong support.If does not hold the rall will be in danger.

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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 22nd June 2012

Daily Chart

The first hurdle of the 200 dema was crossed.The upmove remains intact till 5050 holds.
Resistance and supports marked on charts.

Half Hourly Chart

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 22nd June 2012

 Daily Chart

 Nice move forming the next leg up in the upward moving channel and towards the cup and handle target of 10133 mentioned yesterday.

Resistances marked on charts.


Half Hourly Chart

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Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 21st June 2012

 Daily Chart

 Crucial resistance at 1363 respected for the second day.Stops on longs at 1343.

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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 21st June 2012

Daily Chart

200 dema proving strong resistance now at 5147.Doji and inability to break out from the bearish engulfing candle's range shows indecision.Redrawn the rising wedge to get more clarity.Daily oscillators supporting a fall.The green neckline shown on half hourly charts proving strong support at 5035-5040 for tomorrow.

200 dema at 5147 remains the first hurdle which needs to be crossed for the upmove to resume.Else the bearish target of the rising wedge is achievable.

Half Hourly Chart

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com