Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Wednesday, September 16, 2009

Reigning The Nifty - 17th September, 2009

Daily Chart

A bullish candle for the second day in succession. Daily and intra day oscillators are  moving towards the overbought region. The nifty is slowly getting overstretched and will unstretch soon. Be cautious as the Nifty goes higher. Book profits as and when they come your way. I plan to book my profits and wait on the sidelines for  the next profitable move. Maybe I will miss out on a few hundred points but I would rather put the profits in my pocket than give it up in case there is a sudden reversal.

Happy Trading !!

Lakshmi Ramachandran