Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, July 16, 2009

Reigning The Nifty - 17th July, 2009

Half Hourly Charts

Falling wedge

Daily Chart

Though the day's trade was disappointing, Nifty's neck remained untouched. Daily momentum seems to be supporting an upmove. A falling wedge is spotted supporting an upside. So long as Nifty's neck remains intact, we can expect a breakout of the falling wedge, opening up possibilities of more upside.

Daily oscillators are showing strength and intraday oscillators are correcting their overbought condition. A weekly close above 3905 will keep hopes of recovery alive.

Nifty is directionless as of now making positional trading difficult. Taking nimble trades would be the right thing to do.

Happy Trading !!

Lakshmi Ramachandran





sir..actually i m a SB blog member since last year today only i had seen ur blogspot..simply superb sir..actually i want to become a follower of ur can do it? plz if u find time send me that to my mail id:


i hope i can get a reply from you sir..

Lakshmi Ramachandran said...

thanks for your comments. will let you know how to become follower after i find out how.

vvvvv said...

good evening madam,
how do see nifty at this juncture? How much upside left?
Can I long here for 4500+ target or wait?

Lakshmi Ramachandran said...

will put up my analysis for 20th soon

Sujatha said...

weekly not updated????

Lakshmi Ramachandran said...

sujatha I have other things to attend to also. will definitely put up by sunday night so you have it before trading begins