Reigning The Nifty 27th September 2021

Weekly Chart 

 Still rising within the channel with targets of 18030-18750-19140 with supports at 17446-17254.

Daily Chart 

The rise from mid April is in an expanding triangle and could trigger a fall if the resistance line is respected. Oscillators on daily charts showing minor divergences.

Daily Chart 

Important support 17326

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 27th September 2021

Weekly Chart 

This week's candle was not very convincing though the last trading day of the week was impressive. .Negative divergences on oscillators are quite marked indicating caution.

 Targets remain the same in case the upmove continues.

 Weekly Chart 

Drew a  channel slightly differently which gives a target of 39970 and support at 36170.

Option strategies with targets and supports in mind is the only way to trade now.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 20th September 2021

Weekly Chart 

Further targets are 18030-18750.Support at 17370-17254.

 Daily Chart 

Red channel has target of 17930 to 18150 for the week. 

Break below  the red channel will see a correction of the rise from 15500. Fibonacci levels as shown below.

 Hourly Chart 

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Lakshmi Ramachandran

Reigning The Bank Nifty 20th September 2021

Weekly Chart 

Bank Nifty broke out of the red channel making a new all time high of 38112.

Immediate upside targets rises to 39427-39635.

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Lakshmi Ramachandran

Reigning The Nifty 13th September 2021

Weekly Chart

 Daily Chart 

 Hourly Chart 

Nifty continues to Trend Up. 

Trade above 17380,  represented by the red resistance line on hourly charts, will be positive for further targets 17436-17525 and further as mentioned on Weekly charts. 

Else will find support at 17300-17200-16981.

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Bank Nifty 13th September 2021

Weekly Chart

 Daily Chart 

Charts show an upward movement within the red channel. Long term and Medium term trend is very much up though a trifle matured.

Breakdown from this channel will set immediate short term trend down. Else the slow grinding pmove continues.

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Lakshmi Ramachandran

Reigning The Nifty 6th September 2021

Weekly Chart

The week saw a bullish candle achieving targets mentioned since some time, opening up further targets of 17600-18750.Support for the week is at 17092.

 Daily Chart  

Daily shows resistance at 17444 so crossing it will be really bullish. Oscillators are in extreme overbought region.

Hourly Chart 

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Lakshmi Ramachandran

Reigning The Bank Nifty 6th September 2021

Weekly Chart

Breakout on the Upside indicating possibility of testing earlier high at 37708.Oscillators sluggish.

 Daily Chart  

The breakout is hardly impressive. The fall from 37709 to 30405 has still not been recovered though more than double trading days have passed. 

One can be mildly bullish with appropriate hedges in place.

 

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Happy Trading !! 

Lakshmi Ramachandran