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 30, 2012

ANALYSIS FOR APRIL 30

INTRADAY UPDATE 2.20pm:



If Trendline support is respected then good upmoves.

ANALYSIS FOR APRIL 30:

NIFTY closed with a Doji on friday depicting indeciseiveness. The weekly candle has alco formed an INSIDE DAY pattern - again depicting indesiciveness.

Today being the monthly close is an important day to trigger reversal or continuation of downtrend.








BEARISH FACTORS as per TA:
1. BEARISH ALLIGNMENT OF ALL DAY EMA'S - 5,10,13 AND 26.
2. FAST FALL SET UP OF 100 DMA AND 200 DMA
3. BEARISH ALLIGNEMENT OF ALL HOUR MA'S - 20,50,100 AND 200 Hr MA'S. - likely to lead to a fast fall between the MA'S.

BULLISH FACTORS:
1. PERSISTENT +VE DIVERGENCE IN HOUR CHARTS OF FMACD, 14 RSI AND 9RSI.
2. NIFTY CLOSING ABOVE THE WEEK AND DAY LEMA'S


NIFTY has to close EOD above 5245 DAY HEMA - channel breakout levels also corresponding to 20 DMA.



Week levelsMonth Levels
CLOSE5191CLOSE
PIVOT5218PIVOT5241
HI EMA5339HI EMA5415
LOW EMA5187LOW EMA5012
5 EMA52525 EMA5198
5 SMA52615 SMA5139
PrevHigh5311 High5379
Prev Low5154LOW5154



CHECK LIST-DAY
CLOSE51915 SMA5238
PIVOT51895EMA5209
HI EMA524310EMA5229
LOW EMA517913EMA5236
prev HI522326DEMA5256
prev LOW515420 Hr MA5195
10 DMA 524550 Hr MA5240
20 DMA5256100 Hr MA5247
50 DMA5319200 Hr MA5259
100 DMA5130
200 DMA5136



POSSIBLE POSITIONAL TRADES:
BUY ABOVE 5220-5230(MONTH 5EMA AND CHANNEL BREAKOUT)WITH SL 5175- (DAY LEMA)

2 comments:

mynac said...

Dear satheesh,
Now over a month you are busy with your schedule and fulfilling ideal Mother's responsibilities..

It’s really always very tough and the most creditable for those women who used to play housewife roll + sometimes does job for their family & look after their children for their bright future..and in-betweens whatever time she gets fulfill her passion…..
I really admire and respect them… Great…I salute them…

satheesh said...

Thanks mynac :)

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