S&P500 7th October 2011

 Daily Chart

A tiny step made towards a possible recovery - breaking out and closing above the very short term downtrendline shown in blue on average volumes. Next important hurdles are at 1171-1180-1189-1196.

Supports are at 1144-1135-1130-1120.



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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 7th October 2011

 Daily Chart

4720 held but the red trendline was  violated. The inside day pattern formed shows indecision.Immediate direction will be decided by the high and low of 4th which is 4869-4728.

The falling wedge shown yesterday is still valid.Supports at 4640 and resistance The target of 4040 mentioned in my post of 23rd September seems possible.  (  http://vipreetinvestments.blogspot.com/2011/09/reigning-nifty-23rd-september-2011.html ).

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Lakshmi Ramachandran
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Reigning The Bank Nifty 7th October 2011

 Daily Chart

The head and shoulder target has been achieved.Further targets are 8275-8150-7855.Resistance at 8917-9140.



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Lakshmi Ramachandran
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S&P500 6th October 2011

 Daily Chart

Positive Divergence

The rise in the last two trading sessions is a sharp pullback to the fall as volumes have been low. The positive divergence indicates some more steam left in the pullback.

Resistance at 1153-1172-1190.  Supports at  1130-1115-1102.


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Lakshmi Ramachandran
www.vipreetsafetrading.com

Happy Dussera

 





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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com