Reigning The Nifty 4th September 2012

Daily Chart

An Inside day pattern formed which may be indicating a stall in the fall.Support on the green trendline maintained.Positive divergence on half hourly charts maintained which may lead to a sideways movement or some pullback.Stochastics on daily charts oversold which also supports the view.

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 4th September 2012

Daily Chart

A lacklustre day with the bulls attempting to take the Bank Nifty up unsuccessfully.Bears too did not take advantage of the situation.10131 needs to be taken out to bring in some bullishness and 9846 needs to be broken to accelerate the fall

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 3rd September 2012

Weekly Chart

Daily Chart

The short term has turned down with the 5/20 ema crossing bearishly.Close above the 50 and 200 ema and the 20/50/200 ema remaining bullishly aligned keeps the medium and long term bullish.The gap at 5261-5216 has only been partially closed which shows the gap as good support.

The bearishness of the  shooting star on weekly charts has been confirmed by a bearish candle this week indicating more selling to come.The resistance line of the red triangle has been held and the low of 5032 still unviolated.keeping the medium trend up.

In the immediate term a trade above 5300 will be bullish and a break below 5200 will be bearish.

Half Hourly Chart

 A 50% retracement of the last leg up from 5032 is over.This should lead to a resumption of the uptrend if bulls are active.Positive divergence on half hourly charts and daily stochastics in the ovesold region could lead to a pullback.Retracement levels marked on chart above.

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 3rd September 2012

Weekly Chart 

Bearish weekly candle closing below the previous swing low of 10056.This opens up possibilities of further weakness.The third leg up of a  flag, shown in red, could be forming if the weeks low is held.The week's important resistance therefore is 10499 and support is 9940.Since the flag is not a very 'tight' one - the legs up and down need to be more close - we will just take direction from the support and resistance.

Daily Chart

With the break of 10056 the Daily chart shows a short term downtrend having made a lower high and lower low.The last three trading days saw the 10131 as strong resistance.A move above this level should see some recovery.

Oscillators in oversold zone may lead to a pullback.

Half Hourly Chart

 10133 will be strong reistance.Fibo retracements marked on half hourly chart.

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Emotions Reigned

Investing in Stock Markets  is an emotional game.Greed and Fear rule.The ones who overcome these emotions are the ones who manage to earn money from the Stock Markets.

For instance it is only when prices are rising  that the man on the street starts taking interest in investing.Hearing the success stories induces them to invest.On the other hand when prices are falling all the focus is on the losses that are being incurred which keeps them away from investing.

Lets think this another way.What if the man on the street is made to realise that 'what you wanted to buy when prices were rising is now available at a much lower price now that the prices are falling?'

Does that make sense? It does ! Because you buy low and sell high ! This is just what we advise at Vipreet's Safe Trading.

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

Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com