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.

August 26, 2011

Analysis for Aug 26

Week Pivot = 4925

Day Pivot = 4860
Day Lema = 4863
5ema = 4899

Nifty would find strength only if it trades above the pivot level 4860.

Stop Loss for existing longs :
Intraday : An Hourly close below 4825 yesterday's low
Positional SL = 4775
Fresh Buy at 4700-20 levels with 4675 as SL

Book out current longs at:
NS 4860 - 4890

Fresh short at 4890 - 4900 with 4925 as SL





 

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