This blog is my trading diary. It is an attempt to organise my analysis and thoughts. I follow the charting methods given in JUST NIFTY blog by Ilango sir and so the charts would have striking resemblance to his charts. I am indebted to Ilango sir for having made this blog possible for me.

March 22, 2011

Analysis and Action plan for Mar 23








Weakness: Nifty has closed below all 5EMA's indicating weakness.  5&13 EMA'sbelow SMA's.
Strength : Closed above all LEMA's
Analysis : A sustained trade above 5430 would help to gain upward momentum , close below Lema Would trigger Down trend - tillthen the sideways range continues.
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