Nifty Daily Chart
Nifty Half Hourly Chart
Happy Trading !!
Nifty Half Hourly ChartI mentioned, "In the short term we may have a sideways to down correction of last move from 4092 as the channel in which the nifty was moving has been broken and the move since then has been sideways.There are also negative divergences on intra day oscillators. This move could drift down to 4420" We almost reached our target .
Today , we have a Doji once more ! Another consolidation or starting a correction? We have to wait for confirmation. Meanwhile we trade long with trailing stops. The supports marked on the charts should help decide the stops. Resistances should help book profits.
I have started a new discussion on Gold at the forum. Anyone having a view , please participate at http://vipreetsafetrading.com/forum .
I have started a new discussion on Gold at the forum. Anyone having a view , please participate at http://vipreetsafetrading.com/forum .
Lakshmi Ramachandran
www.vipreetsafetrading.com
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