Reigning The Nifty 31st May 2021

Weekly Chart 

Closed inside the up trending channel making a new all time high. Could continue to go up  to the resistance line of the channel. Oscillators though show a negative divergence which may lead to some reaction to the 15000 levels before making new highs.

 Daily Chart 

Breakout from triangle points to more upsides. Any reaction due to negative divergence should find support at 15045.

 Hourly Chart 

Momentum needs to catch up for the upmove to sustain.

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

Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 24th May 2021

Weekly Chart 

 Daily Chart 

 Hourly Chart 

 Hourly Chart

Nifty is in a sideways move with a positive bias. Moves are sporadic so difficult to ride.14151 needs to be broken on a weekly close for  weakness. 

The rounding formation points at a possible upward breakout and could lead to 16500 and above.

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

Happy Trading !! 

Lakshmi Ramachandran

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.

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

Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 10th May 2021

Weekly Chart 

 Daily Chart

 

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

Happy Trading !! 

Lakshmi Ramachandran