Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter http://twitter.com/#!/lucksr

Friday, September 16, 2011

Wanna Shop With Me ?



Pujas in Paschimbanga and Diwali in rest of India.September & October every year is the grand sale time. This year we have a sale in the stock markets too ! The only difference  is that one cannot wait for the last week of the sale to get the cheapest rate as one can never predict a bottom. So one starts picking fundamentally strong stocks in a staggered manner.

The Markets are in a correction mode and this is where it is most important to make your shopping lists and watch them closely. Markets can be irrational at such times and it is these types of overreactions where investors can make the most money quickly as long as they stay disciplined. Time to think like an investor and  rebuild your portfolio.

Nishit of http://money-manthan.blogspot.com ( the funda guy)  and me ( the techie ) have made a shopping list once again,  with a difference.



We have selected about 20 stocks and will provide details on the fundamentals, technicals, and levels to buy of the stock.We have also prepared a risk reward matrix for each stock, which will help the  conservative and aggressive investor to allot preference as per their risk profile.The bonus is, we will provide monthly, and when necessary, even specific updates for six months so that none of the opportunities are missed. Check out the demo of 1 sample stock. https://groups.google.com/group/nav-files/browse_thread/thread/710669162137784?hl=en  The entire pack of 15-20 stocks would be on the same lines.

Anyone interested  may write to me at Vipreetsubscription@gmail.com. I would be charging a small fee for the list and the follow-ups.


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

Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 16th September 2011



 Daily Chart




Bulls were successful in crossing yesterday's resistance at 1204.They need to gather good momentum to scale the resistance line of the bear flag at 1237 where the 50% fibo level too threatens.Bears have a camp at 1218 where the the 50 dema stands.



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

Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 16th September 2011




 Daily Chart



The Nifty made a fair attempt to break out of the bullish falling wedge falling short by about 10 points. The break out level for tomorrow stands at 5081.A trade and close above this level will be bullish.Targets after it breaks out.The solid confirmation of a short term rally will be the scaling and close above the 5169 level.


Half Hourly Chart




A bullish Inveretd Head and Shoulder ( as pointed out by Lsg Rao on the discussion forum).The breakout from the downtrendline from the recent peak of 5169 strengthens the possibility of the right shoulder forming. Breakout from the neckline which is around 5155 will give a bullish target of 460 points.

Resistance and Supports marked on the charts.


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

Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 16th September 2011



 Daily Chart




An up day making a higher high higher low candle.The inside day was decisively broken on the upside.The gap made on Monday the 12th was filled. This points to some bullishness.Breaking the downtrendline at 9755 will give more energy to the bulls.However we need to wait for a cross of the previous high at 9972 for solid evidence that a short term rally has started.


The Bullish Wedge 


Resistance at 9732-9972-10107  Supports at 9605-9542-9494-9440.



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

Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Thursday, September 15, 2011

S&P500 15th September 2011



 Daily Chart




 The next leg up still forming.Resisted once again close to the 38.2% fibo level of fall from 1370 to 1101. Only a close above this level of 1204 will see the leg continuing.

 Resistance at 1202-1218-1236  Support at 1186-1177-1170.




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

Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com