Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, September 23, 2009

Reigning The Nifty - 23rd September, 2009

Daily Chart

Half Hourly Chart


Climbing the wall of worry continues. Other indicators say nothing new. Strategy remains the same.

""My strategy would be to go long on any dip so long as the uptrendline from March lows is not violated and book profits when you are in profit as the runup has been continuing for longer than one can be comfortable about. Remember : The trend is your friend and at the moment the trend is UP"".

Time to be extremely diciplined . Maintain light positions and tight trailing stop losses.

Refer the half hourly Chart. The staircase is becoming narrower, so start climbing down when no one else is
When everyone decides to climb down there will be a stampede and you could be  ------

Happy Trading !!

Lakshmi Ramachandran

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