Daily Chart
A range has been formed between the high of 1531 and low of 1485 which needs to be broken to set further trend.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
Thursday, February 28, 2013
S&P500 28th Februrary 2013
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Lakshmi Ramachandran
www.vipreetsafetrading.com
Tuesday, February 26, 2013
S&P500 26th February 2013
Daily Chart
The S&P fell below the uptrendline from November lows.The 20 Ema too was decisively violated.Supports now at the 50 Ema at 1482 and previous peak at 1475.
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Lakshmi Ramachandran
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Monday, February 25, 2013
S&P500 25th February 2013
Weekly Chart
Broadening Pattern has a bearish implication.
Weekly Chart
The week's candle formed an Outside day pattern which indicates reversal.Occuring at resistance and also forming a doji the possibility of a reversal increases.
Daily Chart
Supports are at 1495-1491-1482.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
Bounce on the Cards?
Daily Chart
Nifty has made an Inverted hammer at the strong support of 5815-5823.This is a bullish reversal pattern which means the Nifty could look forward to a short term bounce.
More details can be had on a subscription to my daily Newsletter.You may write to vipreetsafetrading@gmail.com if interested.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
Friday, February 22, 2013
S&P500 22nd February 2012
Daily Chart
Supports now at 1495-1489-1475 and at the 50 Ema at 1480.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
Thursday, February 21, 2013
S&P500 21st February 2013
Daily Chart
It is funny how when, even you are a bull, a sigh of relief escapes your lips when the markets correct ! Continuous rises makes one heady and you are always afraid of that pit in your tummy which you invariably experience on the way down and want it over with fast.
Supports are at 1507-1495-1486-1475.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
Wednesday, February 20, 2013
S&P500 20th February 2013
Daily Chart
Immediate resistance now at 1536. 2007 top at 1576
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Lakshmi Ramachandran
www.vipreetsafetrading.com
Sunday, February 17, 2013
Sipping Time
Weekly Chart
Nifty has been in a correction for nearly a month now.Mid caps and Small caps have corrected substantially too.The above chart shows levels at which one can go for a systematic investment to take advantage of the correction.
Thos wondering which stocks to SIP can subscribe to our "Top Ten Picks For All Seasons". Write to us at vipreetsubscription@gmail.com
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
Friday, February 15, 2013
S&P500 15th February 2013
Daily Chart
The blue resistance line joining tops 1422-1475 is proving good
resistance. Cross above it will keep the bulls active.A prudent trailing stop is at
the 20 Ema which is at 1502.65.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
Thursday, February 14, 2013
S&P500 14th February 2012
Daily Chart
Inching up slowly, hesitatingly.The blue resistance line joining tops 1422-1475 is now acting as resistance. Cross above it will keep the bulls active.Trailing stop at the 20 Ema which is at 1500 would be prudent.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
Wednesday, February 13, 2013
S&P 500 13th Februrary 2013
Daily Chart
The red channel resistance line seems to b a good guide post which is at 1528 for today. A good trailing stop for longs would be at 1495.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
Tuesday, February 5, 2013
Stop Using my Blog as an Advertisement Site
Else Pay Me For It !
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
Saturday, February 2, 2013
Away Till The 13th
Will be away till the 13th for some personal Work.Till then,
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
Friday, February 1, 2013
S&P500 1st February 2013
Daily Chart
The downmove may continue with a decisive break below the narrow uptrending channel.
Support at 1489-1481
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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