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 30, 2011

Intraday update for Aug 30

Sold the current long at 4994.

Rebuy at 4945-50 levels with 4930 Hour close SL.
Sell below 4930 with 4940 as SL.

Fibo retr levels for the upmove from 4720 - 4998

14.6%  = 4957
23.6% = 4932
38.2% = 4891.8
50% = 4859
61.8% = 4826

Fibo levels for the Down move from 5740 - 4720:

14.6 = 4868.9
23.6 = 4960.7
38.2 = 5109.6
50= 5230
61.8 = 5350


1 comment:

animoitra2011 said...

Are u sure that bearish gartley formation has emerged.Regds.

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