Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, May 31, 2013

Bullish Engulfing Pattern



Daily Chart 

 




A bullish engulfing pattern was formed. Is this a bullish or bearish sign?  
Knowing technicals thoroughly would have helped make the right interpretation like we did - It is bearish having occured at highs.It represents the last gasp of the uptrend and could be indicating a reversal.


 This was part of the Daily Newsletter sent to subscribers.Timely analysis can keep you on the right side of the market.

Write to vipreetsafetrading@gmail.com for subscriptions to the daily newsletter for Nifty, Bank Nifty, S&P500 and Gold.



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Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Sunday, May 26, 2013

Nifty Through The Crystal Ball



Weekly Chart



I'm not a fortune teller
I won't be bringing news of what tomorrow brings
I'll leave that up to you
I'm not a fortune teller
Don't have a crystal ball
I can't predict the future
Can't see nothing at all

 Luv this song . You can hear to it here http://www.jango.com/music/Maroon+5?l=0

Luckily we have technical analysis for the Nifty which helps us know the probabilities of Nifty's movements in the future.Last week saw a huge fall and the return failure to the resistance line of the rising wedge shows weakness. Read my earlier post on the rising wedge here http://vipreetinvestments.blogspot.in/2013/04/reigning-nifty-possibilities.html 

The fall from November 2010 high of 6338 took 14 months whereas the rise is already 17 months old and has made a lower high 6229 indicating the rise from 4531 is indeed a corrective move.This increases the chance that a top may be near and forming.




 Write to vipreetsafetrading@gmail.com for daily newsletters on Nifty,Bank Nifty, S&P500 and Gold.


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Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Wednesday, May 15, 2013

S&P500 15th May 2013



Daily Chart




 Is the S&P 500 at the top of the roller coaster ride? Be ready for that ' pit in the stomach ' feeling when the fall comes.




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Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Friday, May 10, 2013

S&P500 10th May 2013



Daily Chart 



 Resisted at 1635 as pointed out yesterday.Resistance at the resistance line is at 1632.Needs to scale 1632-1635 to move higher.




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Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Thursday, May 9, 2013

S&P500 9th May 2013



Daily Chart



 Resistance may be faced at 1635-1650



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Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Wednesday, May 8, 2013

S&P500 8th May 2013



Daily Chart



 Defiant upmove.


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Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 6th May 2013



Weekly Chart 



Momentum waning. Uptrend on borrowed time?





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Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Friday, May 3, 2013

S&P500 3rd May 2013



Daily Chart

 


 Inched up to a higher high and a higher close keeping the uptrend intact.




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Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Wednesday, May 1, 2013

S&P500 1st May 2013



Daily Chart 




 A range between 1539 - 1597 has been formed.If breaks out on either side a 60 point move can be expected.




follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com