Reigning The Nifty 2nd November 2020

Monthly Chart 

 Weekly Chart 

Daily Chart

Nifty continues to tease inspite of bearish signals teaching us that Price is supreme.

Continue to be cautiously bullish.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 26th October 2020

Weekly Chart 

 Daily Chart 

  Hourly Chart 

The very short term indicates a possible upward breakout  as shown on the Hourly Chart. Holding 11650 may see Nifty targeting 12400. 

However caution required due to negative divergences on Daily charts. Trade light for the time being.

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

Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 19th October 2020

Nifty Daily Chart 

Nifty Daily Chart 

Huge negative divergences indicate Nifty will correct sooner than later.

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

Happy Trading !! 

Lakshmi Ramachandran

Bullishness could continue

Nifty Weekly Chart 

The target of 11831 shown last week was surpassed and the fall from 11794 tp 10790 

 Bank Nifty Weekly Chart 

Till the uptrending channel is broken down possibilities of the upmove continuing is more.

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

Happy Trading !! 

Lakshmi Ramachandran

Bank Nifty Could Move Higher

Monthly Chart 

 Weekly Chart 

Daily Chart

A hammer followed by a gap up on the last trading day which ended with a huge bullish candle should make the bulls optimistic for some more run up.

 

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

Happy Trading !! 

Lakshmi Ramachandran

Cautious till 11794 is Felled

Monthly Chart 

 Weekly Chart  

Daily Chart 

Hourly Chart

Nifty could continue the pullback. But till 11794 is crossed be cautious !

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

Happy Trading !! 

Lakshmi Ramachandran