S&P500 5th October 2011

 Daily Chart

Wow ! Took support exactly at the fibo level. Important support now at 1090  and resistance at 1167.



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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 5th October 2011

 Daily Chart

Falling wedge 

Taken support at the red trendline on a closing basis.Also 4720 still held. Holding 4720 would make a potential double bottom. The falling wedge raises hopes of a recovery soon.

Support at 4720-4670  Resistance at 4870-4965 


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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 5th October 2011

 Daily Chart

The Bank Nifty has broken and closed below the previous bottom of 8918. Supports now at 8806-8268

 

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 4th October 2011

 Daily Chart

 The distribution within the bear flag had already alerted that the redrawn red triangle should break down which it did yesterday with force. Lower supports all marked on the charts. 



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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 4th October 2011

Half Hourly Chart

The diamond target is 4575 with supports on the way which I will write later.Too jet lagged to look for them



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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com