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.

January 27, 2012

Analysis for jan 27

Intraday Update weekly chart; 9.30 AM



Initiated 50% shorts at 5190NS - 5193NF with SL Hour close above 5225NS.

ANALYSIS FOR JAN 27:

Todays important level 200DMA @ 5210 NS.
Aggressive short below 5200NS with SL 5210 Hour close.

BEARISH SHARK PATTERN UPDATE:


Bearish Shark Pattern:
OX - 5400 - 4639
A - 5099 - approx 61.8% retr of OX
B - 4531 - >113% and < 127% retrof XA
Proj for C:
113% of AB - 5172 - achieved
127% of AB -  5252.36
88.6% of OX - 5313



Week levelsDeveloping levels
CLOSE5049CLOSE
PIVOT4980PIVOT5118
HI EMA4939HI EMA5017
LOW EMA4714LOW EMA4816
5 EMA48745 EMA4969
10 EMA487610 EMA4831
PrevHigh5064 High5174
Prev Low4827LOW5021



CHECK LIST-DAY
CLOSE5158
PIVOT51065 SMA5080
HI EMA50975EMA5082
LOW EMA504010EMA5008
prev HI490313EMA4976
prev LOW513026EMA4883
100 DMA494720 Hr MA5104
200 DMA521850 Hr MA5034

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