Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, August 17, 2009

Reigning The Nifty - 18th August 2009

Half Hourly Chart

Daily Candle Chart

Daily Line Chart

I voted for the bears and they won and how!

  • The line charts shows that the uptrendline from March 2009 lows has been broken.However in the candle chart it has yet to be violated.
  • Daily oscillators are in neutral zone suggesting some more fall to reach oversold levels.
  • The half hourly charts show oscillators in the oversold zone suggesting temporary support may be reached soon .
  • Neckline support coincides with 50% retracement levels of rise from 3918 to 4731 levels around 4325.
Supports and Resistance levels shown on charts.

Happy Trading !!

Lakshmi Ramachandran


Anonymous said...

Good very good and bang on

My Collection Of Wise Sayings said...

good analysis . After last few events you have been posting your analysis late much to my discomfort in preparing my trades. If you are having paid servece please let me know

Lakshmi Ramachandran said...

Thanks. Will let u know for sure