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.

July 18, 2012

Analysis for July 18

NIFTY LEVELS:
Important Resistance - Day LEMA and Day 5EMA - 5210 - 5230
Important supports - 100 DMA and 200 Hr MA- 5170-5185

Total weakness below 100 DMA would lead to 200 DMA at 5090-5100.
If EOD close above 5230 - then apause in Down move.

So SL for the Positional shorts taken at 5330 levels trailed to EOD close above 5235 - 10Points above Day 5 EMA



CHECK LIST-DAY   
CLOSE51935 SMA5232
PIVOT52045EMA5226
HI EMA526310EMA5240
LOW EMA521213EMA5235
prev HI523720 Hr MA5222
prev LOW518250 Hr MA5262
10 DMA5273100 Hr MA5263
20 DMA5226200 Hr MA5183
100  DMA5172  
200 DMA5090

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