Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Thursday, May 6, 2010

Reigning The Nifty 7th May,2010

Daily Chart I

Daily Chart II

Half Hourly Chart

  • Lower high lower low continues.
  • Long lower shadow showing support at lower levels.
  • Bounce from 50 % fibo level  of rise from 4675.
  • Half hourly oscillators in positive divergence.
  • Daily oscillators moving weakly towards oversold levels.
The nifty is in a downtrend and has failed to show strength on the intraday bounces. The nifty took support at the 50% fibo level which is considered a significant support..If  held then we may see an uptrend. The bounce which has started from 5038 will find resistance at  5135 and  5192.

Till the Nifty trades above 5135 weakness will persist. Supports are at 5038-4950

Happy Trading !!
Lakshmi Ramachandran


rochak parekh said...


i hav been luking for a medium most preferably only a website
1. provides an alert THRU SMS for a desired scrip crossing above/below any desired/input levels
2. alert for volume spike in a desired scrip ( with or/& without a raider of above or below a certain level ) thru sms, if not then on mail
please help if u could go thru ur sources to help me out
P.S. -reply towards my query be treated as help provided to no. of other silent readers of this forum

Lakshmi Ramachandran said...

sorry rochak. i dont have any such source. you could put up this question on the forum for answers