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Om  Sri  Ganeshaya  Namaha
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Saturday, October 31, 2009

Reigning The Nifty - Week Ended 30th October, 2009

 Weekly Chart

Breakdown from support of 4950 on high volumes  and break of uptrendline from March 2009 lows. This declares the trend down decisively.

Happy Trading !!

Lakshmi Ramachandran


Girish Desai said...

Thanks for the info mam. I would like to know what is the VWAP (Volume Weighted Average Price) for Nifty.

If its well below 4500, then the rally we had from 4350 (August low) was purely technical and we probably may correct back to 4350 levels and probably more.

Girish Desai said...

I meant to ask VWAP from march lows.


Lakshmi Ramachandran said...

i dont have ready figures. can anyone provide it?

Girish Desai said...


I use Quotetracker which gives VWAP for for individual stocks but no data abt nifty :( I don't have Metastock but I read on the website that following can be done to get VWAP. Not sure how easy or difficult is to get this.

Lakshmi Ramachandran said...

will check out and get back