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.

July 8, 2011

Analysis for July 8

In weekly charts A Triangle is formed and Breakout would sustain the uptrend

















Market has closed above all Hi ema's and Pivots exhibiting Strength. However the 200 DMA at 5745 is yet to be breached. A close above this today would lead to Big Upmoves keeping the uptrend intact. If resisted Intraday NS is likely to find support at 5678 Day HEMA.

Todays Close would be a decider for the current upmove.

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