Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, October 20, 2009

Reigning The Nifty - 20th October, 2009

Weekly Chart

Weekly charts are still bullish The breakout from the rising wedge shown in red has led to a sideways movement and still well above the  uptrendline from March lows.Negative divergences on oscillators persist.Support for the week on the uptrendline is at 4983.

Daily Chart

Daily charts too are positive barring the negative divergences persisting on the oscillators.  Support on the uptrendline for the day is at 5026.

Stop loss for positional longs at 4900 on a closing basis.

Happy Trading !!

Lakshmi Ramachandran


Anonymous said...

Its October and not September

Lakshmi Ramachandran said...

thanks corrected

Lakshmi Ramachandran said...

TSR this is a comment box of my blog. So please if you want to advertise your blog you have to look for a forum or some such place. I am sorry but I cannot publish your blogpost here.