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.

February 13, 2012

Analysis for Feb 13

Nifty has closed below the Day HEMA indicating weakness in ST. Todays levels to be watched,

Week Pivot - 5377
Day Hema - 5396
50 Hr MA - 5341.
Current Months HEMA is 5433.

Support levels from 5330 - 5380. Close below 5330 would indicate more weakness.

WEEK CHART:




DAY CHART:



Close below 5330 would be a breakdown of the RISING WEDGE.

Day chart indicators also indicates OS with -ve Divergence.



IF NS CONTINUES TO CLOSE BELOW THE DAY HEMA/WEEK PIVOT TODAY AND SUBSEQUENTLY BREAKS 5330 .

50% PROFIT BOOKING LEVEL FOR THE  AGGRESSIVE SHORTS TAKEN ON FRIDAY IS 5330-5335 LEVELS.
REST OF THE SHORTS SL POSITIONALLY TRAILED TO A CLOSE ABOVE THE DAY HEMA - 5395.





Week levels 
CLOSE5380
PIVOT5377
HI EMA5231
LOW EMA5043
5 EMA5192
PrevHigh5428
Prev Low5323
40 Wk MA5155



CHECK LIST-DAY   
CLOSE5380  
PIVOT53835 SMA5198
HI EMA53965EMA5362
LOW EMA531510EMA5301
prev HI542813EMA5263
prev LOW534126EMA5135
20 DMA516220 Hr MA5374
200 DMA518750 Hr MA5341

No comments:

Post a Comment