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.

April 16, 2012

Analysis for april 16


200 DMA - 5148.  Prev Low 5135. Holding above this level on closing basis is a necessity for futher upmoves. If EOD closing is above the Day LEMA of 5217 -  it would be first sign of pause of downmove.



Hourly charts exhibit + divergence:






Week levels
CLOSE5207
PIVOT5227
HI EMA5359
LOW EMA5213
5 EMA5279
5 SMA5284
PrevHigh5307
Prev Low5185




CHECK LIST-DAY
CLOSE52075 SMA5238
PIVOT52335EMA5244
HI EMA529310EMA5257
LOW EMA521713EMA5262
prev HI530726DEMA5292
prev LOW518510 DMA 5261
20 DMA5269100 Hr MA5254
200 DMA5148200 Hr MA5295



 20 Hr MA  50 Hr MA  100Hr MA  200Hr MA 
            5,253              5,279            5,255         5,296
            5,253              5,276            5,254         5,295

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