Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, December 18, 2009

Reigning The Nifty - 18th December, 2009

Daily Chart

 Two Doji consecutively  forming an "Inside day "on daily charts. A falling wedge shown in Red. 5,10 & 20 dema's bearishly aligned. Price below the 20dema for thrid consecutive day.

Half Hourly Chart

Falling wedge in green and equilateral triangle in red. Double top and Head and shoulder bearish pattern targets yet not achieved. Not much strength seen . 50 period bearishly aligned with the 200 period ema .

Sensex Daily Chart

Inside day shown vividly on the sensex.

Look for direction on break of high or low of the candle of 16th.

Happy Trading !!

Lakshmi Ramachandran


Sujatha said...

Sometimes your name is missing in the charts..

Too busy mam?? Have a good day.


Lakshmi Ramachandran said...

ya too busy and a little lazy