Reigning The Nifty 1st December 2011

Daily Chart

Nifty moving in an upward channel.Longs can keep  a stop loss of 4782  or  4757.Crucial resistance at 4930.If crossed then could target 5100.




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Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P 500 30th November 2011

 Daily Chart

Shooting star at resistance? This is bearish for the short term uptrend.Resistance at 1205-1215-1233

Supports at 1192-1187-1181-1175


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Lakshmi Ramachandran
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Reigning The Nifty 30th november 2011

 Daily Chart

 A breather in the short term uptrend.Resistance at 4866-4930-4984  Support at 4774-4693



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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 30th November 2011

 Daily Chart

An outside day pattern occured .It is a bearish signal and could lead to a reversal of the short term uptrend.
Support at 8587-8488  Resistance at 8843-8985.




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Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 29th November 2011

 Daily Chart

 The inverted hammer's bullishness was confirmed by a huge bullish candle.Was able to draw an upward trending channel which has support at 1160.Till the support line holds attempts to move up will continue.Resistance at 1205-1215-1233.



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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 29th November 2011

 Daily Chart

So the Inside Day pattern did it's reversal job.The bears though saw to it that the 4854 levels were not closed on a closing basis.Till the 4639 support holds bulls have a chance of taking the Nifty higher to 4930-4984-5019 levels. Daily oscillators too supporting the bulls.Supports at 4805-4775-4750.



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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 29th November 2011

 Daily Chart

The expanding triangle's leg up gained momentum.Oscillators are showing strength.Resistance  now at 9124-9308.



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Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 28th November 2011

 Weekly Chart

 Daily Chart

Broken decisively below the all important 1225 level.Taken support at exactly the 61.8% retracement level of the rise from 1075-1292. An inverted hammer at this crucial support on daily charts implies a reversal of the short term downtrend.

Lower targets /supports are at  1075-1052. Resistance at 1190-1210


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Lakshmi Ramachandran
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Reigning The Nifty 28th November 2011

 Weekly Chart

The all important 4650 levels held on a closing basis though marginally broken intra day. So we hang on to  the long term bullishness till it is broken decisively

Daily Chart

An Inside day was formed indicating  indecision as neither the bears nor bulls could move below or above the previous day's range.It is also a reversal pattern at times.Refer to my post of 23rd November wherein I have pointed this out.Watch for direction above or below the previous days high-4771 or low-4639.Only a move above 4854 can bring in a good pullback.

The support line of the falling channel, which now has support at 4522, should be tested before the next leg up . If fails to test then would amount to 'return failure' which in this case is bullish.
 

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Lakshmi Ramachandran
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Reigning The Bank Nfity 28th November 2011

 Weekly Chart

Daily Chart

The crucial 8320-8150 support held for the time being.A higher high higher low on the daily candle seems to kindle a hope that the next leg up of the expanding triangle seems to have started.Daily oscillators supporting.Weekly oscillators opposing. Trade with stops as the Bank Nifty may be at crossroads.


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Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 25th November 2011

 Daily Chart

Almost at 1158 support ! Markets seeming just too predictable.i am sure we are in for a surprise pullback today !

Resistance 1192



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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 25th November 2011

 Daily Chart

Gave a positive feeling in the last hour of trade with a fantastic 100 point recovery from the low then at 4668 to 4771 ! The daily candle though failed to make even a higher high and higher low keeping the bias negative.The Nifty is at crossroads with the bulls acitvely guarding the 4650 levels and the bears trying their best to break below it.

A pullback is overdue with the stochastics and Rsi14 in oversold territory and the Rsi14 showing positive divergence.Logically, the lower end of the falling channel should be tested before the next leg up. If fails to test then would amount to 'return failure' which in this case is bullish.



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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 25th November 2011

 Daily Chart

An Inside day pattern was formed.This is a pattern indicating indecision and immediate direction will be on the side of the break out of the previous candles high or low which is at 8556-8240.




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Lakshmi Ramachandran
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Reigning The Nifty 24th November 2011

 Daily Chart

The Nifty broke down from the red neckline of the bearish head and shoulder pattern in the beginning of August 2011 giving a target of 3900.The recent rally to 5399 was a classic test of the neckline and the reaction from 5399 a resumption of the downtrend  which was confirmed with a break below the low of 4720.
 
 The crucial support of 4650-4675-4720 level too was broken indicating further selling to come. 


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Lakshmi Ramachandran
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Reigning The Bank Nifty 24th November 2011

 Daily Chart

The support line of the expanding triangle was violated intraday but protected on close.Logically the next 'up' leg of the triangle should have started.Support at 8269 needs to be held for that.



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Lakshmi Ramachandran
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S&P500 23rd November 2011

 Daily Chart

 Taken support at the 1188 - 50% fibo level once again.But looks temporary.Support at 1158 and Resistance at 1208-1221


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Lakshmi Ramachandran
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Reigning The Nifty 23rd November 2011

 Daily Chart

An Inside day occured showing indecision.This could lead to a reversal what with the oscillators being in the oversold zone and the Nifty at a good support.The chart below shows previous Inside day patterns have proved short term reversals.

Daily Chart

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Lakshmi Ramachandran
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Reigning The Bank Nifty 23rd November 2011

 Daily Chart

Forming of a Doji and  Inside day pattern showing indecision. Oscillators oversold and Rsi 14 showing a positive divergence.A pause in the downtrend may be in the offing.


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Lakshmi Ramachandran
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S&P500 22nd November 2011

 Daily Chart

Taken support at the 50% retracement level of the last rise. Support now at 1183-1158. Break of 1158 will pave the wave for a new low.  Resistance at 1207-1222.


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Lakshmi Ramachandran
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Reigning The Nifty 22nd November 2011

 Daily Chart

Nifty is fast approaching the crucial level of 4720-4675-4650 which i have shown in my earlier posts.This level is under seige for the third time in the past 3 months.Momentum on the downside has just picked up so  looks like the Nifty may not be a third time lucky.

If the support breaks then the red support line should prove good support at 4538.Will look at further targets if this support breaks too!



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Lakshmi Ramachandran
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Reigning The Bank Nifty 22nd November 2011

 Daily Chart

Fast approaching the support line of the expanding triangle at 8292 which coincides with the 50% fibo level of rise from March 2009 lows at 8318. 50% levels are deciders of the trader sentiment.If holds then the fall is considered a correction and  but if fails then it is some serious selling and traders have lost faith in the Bank Nifty holding up in the near future.

Look for reversal signals around the 50% fibo levels. If fails to show up the Bank Nifty is  heading lower.



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Lakshmi Ramachandran
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S&P500 21st November 2011

 Weekly Chart

Broke and closed below the 1225 level. Crucial support at 1191 below which could test 1054

 Daily Chart

Support at 1209-1188  Resistance at 1224-1236-1261

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Lakshmi Ramachandran
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Reigning The Nifty 21st November 2011

 Weekly Chart

Weekly candle bearish on good volumes indicating bearishness to continue.Weekly oscillators support the view.

Daily Chart

Daily charts show a doji with a long lower shadow indicating a pause in the selling.The stochastics has given a buy in the oversold region supporting the view.


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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 21st November 2011

 Weekly Chart

Weekly candle bearish indicating  weakness may persist

Daily Chart

Daily candle is a hammer which is a one day reversal pattern.This is a tall order in the present scenario.The hammer may result in some pullback with the stochastics supporting such a move.



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Lakshmi Ramachandran
www.vipreetsafetrading.com

Investing! Investing ?

What distinguishes man from the other beasts is  financial worries. So you have a job which helps you get a steady flow of money.You are getting your necessities taken care of .Then one decides to stow away a bit of this money for 'that rainy day'. So you start saving. Now how would it be if this money you saved started earning for you?

 This is what  Investing is all about. So we now know that  money can beget money. Several options to do that.The easiest and most straight forward way of doing it is investing in a fixed income vehicle like the Time deposits,NSC,Relief Bonds etc.But these vehicles will give you a fixed rate of return, the one you contracted at and is unable to tackle the 'risk' of inflation.

The other and more intriguing vehicle for investing is stocks which is more often than not associated with 'risk'.Stock markets are considered as a place where participants "speculate".Not true. The wise Invest for the long term.Where the returns cannot be guranteed.True.Investing in stocks is a high return high risk vehicle.If done unwisely it can result in wiping out your capital.If invested  wisely it can give you a high return which helps beat the 'risks' of inflation.

The key to Investing in stocks  is 'Patience'. If  you have  the  patience and want to invest in stocks, 
'Cherry Picks' is a list of stocks you could invest in.You may read more about it at this link
http://vipreetinvestments.blogspot.com/2011/09/wanna-shop-with-me.html

Subscription for  the Cherry Picks and The Gold Rush report is open. All interested  may contact us at vipreetsubscription@gmail.com for details




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Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 18th November 2011

 Daily Chart

 Break down as expected ! Weakness was indicated by the break and close below the previous swing low of 1215 made on 1st November 2011.The 200 and 50 dema was sliced through easily.

Support taken at the 38.2% fibo level of rise from 1075 to 1293.If you are a bull you till have a chance to dominate in case a bounce from these levels occurs   else keep the crucial supports  at 1214-1190-1185 in mind to surrender to the bears completely.


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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 18th November 2011

 Daily Chart

The fall continues unabated.No clues where it can stop.One could keep the supports in mind though which are marked on the chart.  Reminder that the 4650-4675-4720 levels need to be held to avoid a meltdown.

Daily Chart

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Lakshmi Ramachandran
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Reigning The Bank Nifty 18th November 2011

 Daily Chart

Down leg of expanding triangle forming at a good pace inspite of the oversold status of stochastics on the daily charts.

Supports at 8855-8626-8316 



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Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 17th November 2011

 Daily Chart

Took support at the support line of the triangle and the 200 dema.The bias is down and a break down from the triangle seems more possible than a break out on the upside.

Resistance at 1264  and Support at 1236.


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Lakshmi Ramachandran
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Reigning The Nifty 17th November 2011

 Daily Chart

A decisive break below the 50 dema confirmed with continued selling for the second day below it.The minor swing low of 5011 broken paving way for a free fall to the earlier lows of 4720.The down trending channel has support at 4546.

An oversold stochastics may give a pullback which would best be sold into.Last support standing before a freefall  is at 4985.Resistance at 5065-5088-5147-5198.



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Lakshmi Ramachandran
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Reigning The Bank Nifty 17th November 2011

Daily Chart

Today's candle indicates a pause to the fall.The doji with a long lower and upper shadow shows confusion and a lack of commitment by the bears.

 Support now at 8847-8626 and Resistance at  9145-9221.



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Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 16th November 2011

 Daily Chart

Indecision within an equilateral triangle and with the last two day's trade within Friday's bullish candle's range.Breakout on either side should give a significant move as the resistane at 1267 is very close to the green neckline at 1272 and the support at 1236 coincides with the 200 dema at 1237.

Trade in the direction of the breakout.



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Lakshmi Ramachandran
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Reigning The Nifty 16th November 2011

 Daily Chart

Break below the 50 dema showing weakness. Crucial supports now at 5011-4985 below which selling should intensify.Daily stochastics in oversold area indicating a pullback may occur which will find resistance at 5136-5187-5230.



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Lakshmi Ramachandran
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Reigning The Bank Nifty 16th November 2011

 Daily Chart

The fall continues.The daily stochastics is in the oversold area so a pullback may occur.Supports at 8896-8626.Resistance at 9308-9453


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Lakshmi Ramachandran
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S&P500 15th November 2011

 Daily Chart

 The yo-yo within the triangle continues. Breakout points to get  further direction clear are at 1267 and 1234.



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Lakshmi Ramachandran
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Reigning The Bank Nifty 15th November 2011

 Daily Chart

The next leg down of the expanding triangle continues to form with a bearish candle.Supports at 8895-8364.


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Lakshmi Ramachandran
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Reigning The Nifty 15th November 2011

 Daily Chart

Back below the breakout point of 5169.Support taken at 5142 once again.With the 50 dema guarding this level , it becomes crucial support for the short term.Further support at 5011.



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Lakshmi Ramachandran
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S&P500 14th November 2011

 Weekly Chart

Struggling to stay above the 1225 levels which is a crucial support as indicated by the elipses since December 1998.Support taken at 1227 for the week.

Daily Chart

Yo-Yo within the triangle as predicted.Resistance at 1270 and support at 1232.

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Lakshmi Ramachandran
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Reigning The Nifty 14th November 2011

  Weekly Chart

Daily Chart

Follow up bearish candle on weekly charts.A gap down candle below the green neckline and closing below crucial support of 5202.The short term uptrend seems to be over resulting in yet another lower top at 5399 which will be confirmed on a break below 4720.The 4650-4720 area needs to be protected to avoid a meltdown.




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Lakshmi Ramachandran
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Subscription - Cherry Picks and The Gold Rush

Subscription for  the Stock Picks and The Gold Rush report is still open. All interested  may contact us at vipreetsubscription@gmail.com for details

Some insight into the stock picks may be got at  http://vipreetinvestments.blogspot.com/2011/09/wanna-shop-with-me.html



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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 14th November 2011

 Weekly Chart

Daily Chart

A bearish candle on weekly charts formed breaking below the uptrendline from lows of 8626. The 100 wema is proving good resistance.The minor swing low of 9323 was broken and weekly close was below it confirming a lower high lower low formation once again on daily charts.The larger trend is down and with the short term showing weakness, longs need to be extra cautious till revival signs appear again.




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Lakshmi Ramachandran
www.vipreetsafetrading.com