Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, February 10, 2010

Reigning The Nifty - 11th February, 2010

 Half Hourly Chart


Daily Chart

  • Black candle making a higher low higher high.
  • Resisted at the 50% retracement level of fall from 4951 levels.
  • Daily oscillators  in the oversold region.and not showing any strength .
Nifty has been in a range of  4675-4827 for last 4 trading sessions. 4827 level has been resisted twice and thus makes it an important level to cross for further upsides. Must trade above 4750 to remain in the  rising channel shown on the half hourly charts . So long as it remains in this channel we may expect upsides.

Happy Trading !!

Lakshmi Ramachandran


cdmoorthy said...

lakshmi ji, i have been noticing the trend line you draw on half-an-hour charts are giving a clear picture of entry-exit levels... Nice setup regds.


Sujatha said...

I second Sweety's opinion...:)

Full heartedly saying the whole analysis is extremely good... thing is "how we understand the charts and commentry" .

Thanks a ton mam.


PS : Me poor lady... following her blog since long time but made loss of my own thinking.. :( Now turned better.. :)

Lakshmi Ramachandran said...


Bala said...

expect S&P 500 to march upwards, so does the nifty

Girish Desai said...

MAM, I have one request -- if EVER your blogspace becomes full PLEASE DON'T DELETE ANYTHING. I plan to buy a TERABYTE (external powered) hard drive and copy all this information.

Looks like we lost some valuable information from the forum when the space limit was hit. I was travelling that weekend and by the time I came back lots of data was deleted :(

Girish Desai said...

Actually I meant to say please let me know before deleting.

I am hunting for a TERABYTE hard drive. I just need a few more of my trades to click and I will buy one :)

Lakshmi Ramachandran said...

Girish, am not that tech savvy. so hurry up. cos if it hits a limit i would really have no option.In other words hope u make enuf to buy the hard disk