Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, February 18, 2010

Reigning The Nifty - 19th February, 2010

Daily Chart

Half Hourly Chart

""But 4951 is proving huge resistance and Nifty is being sold into even before reaching the level. Further bullishness only after crossing this level and closing above it""

The resistance proved strong and the Nifty corrected and was volatile in a small range on larger volumes than the previous two  days which were  bullish. This correction has been forming a bullish flag. Also formed an "Inside Day" as it stayed within yesterday's range..

The half hourly stochastic has given a buy in the oversold region.But the daily stochastic has reached the oversold region. The Nifty has closed below the 20 dema once again.

Expect bullishness only above 4930-4951  and   the correction to continue below4873-4857 .

Happy Trading !!

Lakshmi Ramachandran


rajamani said...

Hi mam,Give a try to wolf wave theory.Not like EWT but i feel worthable.Vikas verma ,the link given in my blog WW ANALYST.regards-rajamani

Lakshmi Ramachandran said...

thanks rajamani will look into it


Dear Madam,
I visit your blog on regular basis, its good to learn from your blog.
One favor I want madam, I use Metastock EoD as well as RT. I want to know about one good data provider for RT Charts compatible with Metastock.
If you know anybody pls give me details on below email address.
Amit Vora

Lakshmi Ramachandran said...

amit, can you please put up this question on the forum? I am sure you will get a variety of answers to choose from

Girish Desai said...

Hi Amit,

I am also looking for the same and I have Amibroker as my charting software. Here's one good link that I found so far.
I haven't subscribed to this service because I am an amateur trader and can't trade that freely from office. So far I am using RK Global Intraday/End of day charts for Futures market and Quotetracker for NSE Cash. RK Global charting is pathetic but good enough for my trading level for now.