Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, June 25, 2009

Reigning The Nifty - 26th June , 2009

Half Hourly Chart

Daily Chart

I have been ranting about a U turn since last two days. I also wanted to keep an eye on the strength of the upmove. Well, the Nifty did not give us the chance of doing this and went for a slide from the beginning of the day.

Daily Chart
  • The uptrendline since 2539 is violated. It now has resistance at 4297.
  • Sideways movement between 4313-4221 since 18th June. A break from this 90 point congestion will decide the trend for next few days.
  • 10dema is yet to bearishly cross below 20 dema.
  • Resistances from 5,10 & 20 dema are at 4280,4330,4328 respectively.
  • Supports are at 4222-4143-4112-4092 all marked on the chart.
  • RSI14 has once again crossed below 50 levels showing weakness. Macd too is fast approaching the zero line.
  • The stochastics is trending up sharply from oversold levels indicating that prices are no longer closing near the lower range and a reversal is on the way .

Half Hourly Chart
  • Sideways movement with downward bias.
  • Oscillators weak and moving down once again.
  • All moving averages bearishly aligned.
The short term is bearish as the bounce fizzled out without any effort . The intermediate term is neutral as we do not have enough bearish signals as yet. We will review once the week is over.
Weekly support is at 4250 on the uptrendline from 2539.A close above this level will keep up the bullish sentiments.

Happy Trading !!

Lakshmi Ramachandran


sakthi said...

great levels thank u


thanks mam.


hello, i am reading yours site since last 3 months, got yours address from sukhani,s blog, as i know you are not interested in spoon feeding,and u dont give any paid premium service.kindly clear me as if u can provide any paid service on request to a technical student, full time trader aware of all aspects of derivateves trading

Lakshmi Ramachandran said...

thanks everyone for your encouragement. Since so many readers seem to be asking me about paid service, i will think over it and let you'll know


Thanks for your reply mam .i want to share my exeriences of paid services primararly for for prominent names ( i have tried a lot even every tom dick and harry in the market )
1. Ashwani gujral = He claims a lot on website which seem to new comer as a easy way to build fortune by way of trading in market. i have taken his chat room servise cost 35k quaterly .as of now this servise has been terminated to new clients.some points are as below
1.1. He wrote two books published by vision publishers which . i divide content in three parts
(a) gossips of market as he claim himself as a insider, comparing market with a criket match _ test match one day ,twenty twenty.
(b)- very basic knowledge of technical anaylises which one can get from investopedia websie ( much much better)
(c) very much selected charts claming its all about rsi, ma, trend lines to win the game . which i called a shopping from databank of charts .

2. posting manipluted trades on website- as i took actual trade from his chat room.

3. his staff tell you on phone as you have win win a jackpot as u take our service

4. throw parties of his book launching in hotel trident gurgaon sponsered by bloomberg.

eod report - do lot of maniplation for his own interest

2- sudarshan sukhani-- i take his day vinayak service for intraday trades from last four months, he is a very good trader himself , nice commentator , overall a good person as personally becuse his company never never market there products to fools who dont even know risk involved with trading,end of day reprt is his claims on website are 75 percent true 25 percent false .this thing pinch me a lot becuase person like sukhani need not to maniplute its hurt me a lot as my faith got shaken .ok only 25 percent fake testomonials. over all trader s in profit using his day vinaayk.

3. shankar sharma - its my dream to meet shankar, kings of all time, his company first gloabl a s of now provide a service for retailers called pcg - capital required is 5 lacs , trades on his own . no individual involvement , provde as of now 50 annual growth.

overall man with mount everest of
calibre =_ kanchanjunga of ego

mam i request you to provide paid service with very selected base of clients who know money management stuff of market . atleast not open for any x y z who just swipe credit card and indulge in this nitty gritty. and please take decison as early as possible its a kind request to you.