Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, February 24, 2010

Reigning The Nifty - 25th February, 2010

 Daily Chart

Half Hourly Chart

  • The Nifty was range bound making a marginal lower high and low on incresing volumes.
  • The wide range since 17th Feb of 4930-4805 needs to be broken to give direction to the market.
  • Oscillators still neutral.
  • 20 dema resistance respected.
  • Uptrendline from 4675 held.
A break above 4885 will lead to test of 4930-4951 and a break below 4833 will lead to a test of 4805-4785. Follow up buying  or selling beyond these levels will give a 100 point move whichever way the market breaks out.

Strategy of holding hedged longs with a stop of 4772 continues.

Happy Trading !!

Lakshmi Ramachandran


Krishna said...


Got ur blog details from Mr.Sudarshan's blog.I am very much interested in learning technicals..I would be grateful to u if you could advice me the procedure for starting..

Lakshmi Ramachandran said...

Please join the forum at
if you put up your query there or followthe posts too you will learn a lot. Also buy the technical analysis book by edwards and magee and master it.