Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Sunday, August 26, 2018

Nifty Could attempt 12000 !


 Weekly Chart


The channel target is 12069  but RSI 14 is overbought and so is Stochastics and shows negative divergence alongwith MACD. One needs to lighten positions and keep booking profits as Nifty attempts to reach  heady heights.

      

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Happy Trading !!

Lakshmi Ramachandran

Bank Nifty - Time to be cautious



Weekly Chart 


 Rising Wedge with falling momentum indicating a fall due


 Half Hourly Chart 


Potential double top forming on Half Hourly Charts support  the start of a fall.


 Daily Chart


Strong supports on Daily Charts


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Happy Trading !!

Lakshmi Ramachandran

Sunday, August 5, 2018

Reigning The Nifty as on 3rd August 2018



Daily Chart 
 

Daily Chart 



Uptrend intact.Negative divergence cautions.For now, strong support around 11170 is the key to uptrend continuing.

 

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Happy Trading !!

Lakshmi Ramachandran