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

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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Lakshmi Ramachandran

Gold Update

Daily Chart 

If breaks could continue with a good fall

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Lakshmi Ramachandran

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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Lakshmi Ramachandran

Update 17th February 2021

Nifty Daily Chart 

Bank Nifty Daily Chart 

Trend Still positive

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Lakshmi Ramachandran

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

Reigning The Bank Nifty 8th February 2021

Weekly Chart 

 Daily Chart 

Daily Charts have formed a shooting start which is a bearish reversal signal. However confirmation of the bearishness is required in the next candle. 

Look out for a bearish candle to form tomorrow to confirm bearishness. Else the trend continues.

 

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 8th February 2021

Weekly Chart 

 Daily Chart 

 Hourly Chart 

Nifty seesawed once again and made a huge bullish candle on weekly charts. Hourly charts reiterate the view. Holding 14900 level is key to the Head and shoulder pattern achieving the target of 16100.

Daily charts formed a doji on last trading session and Daily oscillators are at negative divergence----new highs on price but not on oscillators---- indicating a mild correction could happen before moving to the next target which is around 15250.

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Happy Trading !! 

Lakshmi Ramachandran