Half Hourly Charts
Falling wedge
Daily ChartThough 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
www.vipreetsafetrading.com
8 comments:
THANKS
sir..actually i m a SB blog member since last year end..bt today only i had seen ur blogspot..simply superb sir..actually i want to become a follower of ur blog..how can do it? plz if u find time send me that to my mail id: senthilodc@gmail.com
i hope i can get a reply from you sir..
thanks for your comments. will let you know how to become follower after i find out how.
good evening madam,
how do see nifty at this juncture? How much upside left?
Can I long here for 4500+ target or wait?
will put up my analysis for 20th soon
weekly not updated????
sujatha I have other things to attend to also. will definitely put up by sunday night so you have it before trading begins
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