Reigning the Nifty !

 Excerpts from Daily Analysis sent to subscribers

Half Hourly Chart 

 

• Nifty made a bullish candle on daily charts after opeing gap up  making a new high at 8535. The gap at 8477-8491  will be immediate support.
• Half hourly chart shows an expanding tringle forming which is a bearish pattern and has met resistance exactly at the resistance line. Trade above 8535 is necessary to avoid a leg down.
• Previous high 8180 and gap at 8169-8200 will be strong support if Nifty weakens further.

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Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Stocks Making New Highs - My Favourite stock -Asian Paints

Asian Paints

The stock has been making higher highs on a continuous basis qualifying it as extremely bullish.

The uptrending channel shows capability to move higher once again.With the consolidation over, as depicted by a breakout from the equilateral triangle, the stock should resume it's uptrend and achieve higher highs.

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Happy Trading !!

Lakshmi Ramachandran 
www.vipreetsafetrading.com