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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Lakshmi Ramachandran

GOLD

Daily Chart

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Lakshmi Ramachandran

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

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

Gold Update

Daily Chart 

Needs to stay above 165 to move up

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Lakshmi Ramachandran

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