Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Sunday, May 9, 2021

Reigning The Nifty 10th May 2021


Monthly Chart 


Trade above 13435 is positive


Weekly Chart


Daily Chart  


Oscillators on daily charts are positive indicating up move may continue.



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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 10th May 2021


Weekly Chart 


 Daily Chart


 


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Happy Trading !! 


Lakshmi Ramachandran

Sunday, April 25, 2021

Reigning The Nifty and Bank Nifty 26th April 2021


Weekly Chart 


Nifty traded below the uptrendline for the entire week. Support is around the 14200 area. Break of this support should see a fall to 13597 support.

 Daily Chart 


Minor positive divergence on daily Rsi and with Nifty on support line of down trending channel may see an attempt to move towards resistance line.

 Bank Nifty Weekly Chart 


Bank Nifty Daily Chart 


200 Ema level could be good support


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Happy Trading !! 

Lakshmi Ramachandran

Thursday, April 22, 2021

GOLD

Daily Chart




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Lakshmi Ramachandran

Saturday, April 17, 2021

Reigning The Nifty and Bank Nifty 19th April 2021


Weekly Chart 



Daily Chart 


Still nothing lost for the bulls.13547 remains key. 

Bank Nifty looks weak having traded below the earlier peak all of last week and closing below it. Supports at 31230-29460.

Bank Nifty Weekly Chart





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Lakshmi Ramachandran

Sunday, April 11, 2021

Reigning The Nifty and Bank Nifty 12th April 2021


Weekly Chart


Still positive. Oscillators too positive.

 Daily Chart 


Oscillators getting into positive mode indicating an upmove from these levels could start.Crossing 14883 will target all time highs and further.

 Bank Nifty Weekly Chart 



It's a bounce or fall situation for Bank Nifty. 
Must bounce back above 32613 to continue uptrend.



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Happy Trading !! 

Lakshmi Ramachandran

Friday, April 9, 2021

Gold Update


Daily Chart 

Needs to stay above 165 to move up


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Happy Trading !! 

Lakshmi Ramachandran

Sunday, April 4, 2021

Reigning The Nifty and Bank Nifty 5th April 2021


Nifty Weekly Chart 


Nifty  Hourly Chart


13597 should be good/critical support.

A cross above 14883 could see an attempt to cross all time highs.


Bank Nifty Weekly Chart 


Support taken around the previous top of  32613.Can resume uptrend till it holds this level.



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Happy Trading !!

Lakshmi Ramachandran

Monday, March 29, 2021

Reigning The Nifty 30th March 2021


Weekly Chart 


Daily Chart 


 Hourly Chart 


13597 should be held for the uptrend to continue.


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Lakshmi Ramachandran

Sunday, March 21, 2021

Reigning The Nifty and Bank Nifty 22nd March 2021


Nifty Weekly Chart


Nifty broke down from the red rising wedge. Supports now at 14022-13597.

Nifty Daily Chart



Bank Nifty Weekly Chart


Bank Nifty continues correcting. Support at 33038-32613-29688.

Bank Nifty Daily Chart




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Lakshmi Ramachandran

Sunday, March 7, 2021

Reigning The Nifty 8th March 2021


Weekly Chart 


 Daily Chart 


 Hourly Chart 


14468 is strong support as shown on charts. A break will therefore be bearish for a target to around previous low of 13600.

Till high of 15432 is taken out bears have an upper hand.



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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 8th March 2021


Weekly Chart 


 Daily Chart 


 Hourly Chart 


Lower high and low in place  indicating downtrend in the short term. A bearish multiple head and shoulder pattern could be forming which I have encompassed in a down trending channel. If the channel's resistance line is broken then bullishness could return.

Else expect lower levels with supports as marked.



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Lakshmi Ramachandran

Sunday, February 28, 2021

Reigning The Nifty 1st March 2021


Monthly Chart


Oscillators are positive but in overbought region.

Weekly Chart


Bearish candle follow up to last week indicates bearish bias. Oscillators showing negative divergence.
13600 levels need to be held to avoid a waterfall decline. 

 Daily Chart 


Daily charts made a lower high with a shooting star which is a bearish candle pattern,It was followed by a gapdown very bearish candle forming an island reversal pattern which is in itself bearsih too.Oscillators have formed negative divergences too.

Support was taken at gap formed between 14469-14281.With such bearish signals this support could be easily broken.

  Hourly Chart 


downward channel broken down after failed breakout from bullish head and shoulder pattern indicating bearish bias and giving a target of 13880.



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Lakshmi Ramachandran

Reigning The Bank Nifty 1st March 2021


Monthly Chart


Monthly charts still positive but selling at highs seen as per long upper shadow of the monthly candle.

Weekly Chart


Bearish candle for the week. Holding 32842 will be required to regain bullishness.Oscillators in overbought region.

Daily Chart


The shooting star was followed by a bearish candle after a gap down open indicating more bearishness to follow. Falling channel has been broken on the downside indicating more fall.
Target around 32385 as shown below.

Hourly Chart




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Lakshmi Ramachandran

Sunday, February 21, 2021

Reigning The Nifty and Bank Nifty 22nd February 2021


Nifty Weekly Chart 
 

Nifty Daily Chart


Steady fall for last four sessions. Till 14753 holds uptrend could resume.

Bank  Nifty Weekly Chart


Bank Nifty Daily Chart


The failed breakout may be signalling bearishness. However,gap supports need to be filled and previous peak around 32600 need to be conquered by bears to start a bearish trend.



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Happy Trading !!


Lakshmi Ramachandran

Thursday, February 18, 2021

Gold Update

Daily Chart 

If breaks could continue with a good fall




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Happy Trading !! 

Lakshmi Ramachandran

Wednesday, February 17, 2021

Gold Update

Gold may see a breakout on the upside having formed a falling wedge and a hammer yesterday around strong support.

Watch out if today's candle is bullish.




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Happy Trading !! 

Lakshmi Ramachandran

Update 17th February 2021


Nifty Daily Chart 



Bank Nifty Daily Chart 


Trend Still positive


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Happy Trading !! 

Lakshmi Ramachandran

Sunday, February 14, 2021

Reigning The Nifty and Bank Nifty 15th February 2021


Nifty Weekly Chart


Still positive on Weekly charts. Next target is around 15920.

Nifty Daily Chart  


Negative divergence on oscillators.

Nifty Hourly Chart 


Hourly charts look positive as of now


Bank Nifty Weekly Chart


Bank Nifty Daily Chart


Bank Nifty Hourly Chart





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Happy Trading !! 

Lakshmi Ramachandran