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.

October 24, 2011

Analysis for Oct 24

The range mentioned in Friday Oct 21'st has not yet resolved. (CLICK HERE). On friday Nifty again made a visit to Day Hema and Lema - closing above the DayLema but below the Pivot and Day Hema. 

Week parameters:


Week levels
CLOSE5050
PIVOT5074
HI EMA5109
LOW EMA4891
5 EMA5022
5 SMA4976
PrevHigh5160
Prev Low5011


Day Parameters:


CHECK LIST-DAY
CLOSE5050
PIVOT507010EMA5054
HI EMA511213EMA5041
LOW EMA503826EMA5024
5EMA5076prev HI5121
5 SMA5087prev LOW5038
50DMA4997
100DMA5254100Hr MA4995
50Hr5081200Hr MA4993


TRADE TABLE:

Trade Table
Current patternO-XABC(current)
 Bearish Shark Day TF 5169-4758503447285160
Trade initiated
NILRetr of BC (NS)Retr of AB
23.60%5058.00141.40%5160.00
38.20%4995.00161.80%5223.00
44.70%4967.00224.00%5413.00
BUY above 5160 
Sell below 5230
Trade Table
Current patternX-ABC D (current)
 Bullish crab Pattern in Hour TF4728 - 5160501151485034
Trade initiated
NILProj for BC
88.60%5026.00
100.00%5011.00
113.00%4993.00
127.00%4974.00
When NS moves above the 5148 then the Day TF would come into play




NS packed within channels. Breakout above 5180 -90 or breakdown below 5010-5000 would lead to Huge Moves.


2 comments:

r m said...

Hi Satheesh

Wishing you and your family a Very Happy Diwali and prosperous new year!

regards
rm

satheesh said...

Good evening RM. Thanks a lot and wish you the same. Was busy with deepavali puja yesterday and today. Missed Muhurat trading too!! Hope you had a good trading session!!

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