Reigning The Nifty 7th September 2012

 Daily Chart  

 A weak pullback with the Nifty staying within yesterday's range . Uptrendline maintained but resisted at the 55 day ema and the downtrendline from 5448.

Stochastics is showing signs of moving up

Only a  move and close above 5305 will bring back the bullishness

 5200-5196 should be strong support and only a fall below this will bring in more selling.

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 7th September 2012

 

Daily Chart  

 An Inside day pattern was formed.This could be a reversal pattern if the high of yesterday's candle at 9976 is crossed and closes above it.A close above the uptrendline from December 2011 lows raises hopes of a reversal.Stochastics is showing signs of moving up too.

A very weak pullback which resisted at the brown lower trendline of the channel from which Bank Nifty broke down yesterday.If maintains below it then can head lower to around 9335.

 

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 6th September 2012

Daily Chart  

Lacklustre movemnet within the pennant.A breakout is required to get momentum either way.Trendline supports and 50 day Ema aroung 1383 levels making it strong support.

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 6th September 2012

Daily Chart

Taken support on the uptrendline from December 2011 lows.The Nifty needs to trade above the 5240 tomorrow to avoid getting mauled by the bears.
A break below 5190, which is the 61.8% fibo level and the 200 day ema is at 5195, will see the low of 5032 under threat.
Oscillators showing weakness in the oversold zone.Only if  they show signs of recovery can a pullback sustain.

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 6th September 2012

Daily Chart

The uptrendline for this rally  from Decemebr lows has been broken.This will bring in weakness.Immediate supports are at 9677-9783 shown in red elipse.If broken the December lows could be tested.

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com