S&P500 11th November 2011

 Daily Chart

Sideways action forming an equilateral triangle promising a yo-yo within it.Support at 1230-1220-1215  and Resistance at 1247-1258-1270.



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Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 10th November 2011

 Daily Chart

Decisive break down from the rising wedge giving a target of 1038.A break below 1215 will strengthen the down move. Move above 1277 will weaken it.


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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 11th November, 2011

 Daily Chart

Broken below the uptrendline decisively. Support of 5202 -5169 very crucial for continued bullishness.

Supports at 5202-5169-5136  Resistance at 5272-5326-5360.


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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Bank Nifty 11th November, 2011

 Daily Chart

Big bearish candle on increased volumes breaking and closing below the upward trending channel.This is bearish.

Support at 9323 and Resistance at 10080.


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Lakshmi Ramachandran
www.vipreetsafetrading.com

S&P500 9th November 2011

 Daily Chart

 The resistance of the last three trading day of 1263, which was the 61.8% fibo level of the fall from 1292 to 1215, was overcome with a a good bull candle closing above the green neckline.

 
A retest of the breakout level and resumption of the uptrend seems to be on.Support on rising wedge at 1257.
Resistance at 1292 and Support at 1215.


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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com