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 28, 2011

Analysis for Oct 28

Week  Parameters:


Week levelsDeveloping
CLOSE5050
PIVOT5074PIVOT5170
HI EMA5109HI EMA5148
LOW EMA4891LOW EMA4956
5 EMA50225 EMA5082
5 SMA49765 SMA5043
PrevHigh5160
Prev Low5011


Day Parameters:

CHECK LIST-DAY
CLOSE5200
PIVOT520310EMA5106
HI EMA517613EMA5088
LOW EMA510426EMA5054
5EMA5147prev HI5224
5 SMA5126prev LOW5183
50DMA5000
100DMA5242100Hr MA5037
200 DMA5412200Hr MA5006



 Bought @ 5170 NS as per the DAY TFon )Oct 25. 224% @ 5413 would mark the max tgt as per the bearish Shark Pattern Day TF. Above this the Week TF would gain upper hand. But as 200DMA is near the 224% retracement it would be advisable to book profits at these levels.


Trade Table
Current patternO-XABC(current)
 Bearish Shark Day TF 5169-4758503447285225
Trade initiatedSL  close below 5200
Bought @ 5170 NSProj. of AB
on 25 oct141.40%5160.00
161.80%5223.00
224.00%5413.00 Book Profits.
Sell below 5410 NS





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