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.

October 10, 2012

Analysis for Oct 10

Nifty is correcting from the High of 5815 and has closed below the Day HEMA for past three days and gaining support at Day LEMA.

Few Charts Showing the Support and Resistances.


A close below the 100 Hr MA would lead to more weakness - This would be a channel break too.

 CLOSE   20 Hr MA   50 Hr MA   100Hr MA   200Hr MA 
     5,692           5,723          5,725          5,684        5,512
     5,706           5,719          5,726          5,685        5,514
     5,705           5,716          5,727          5,686        5,516


3 comments:

madamuniramaiah said...

GOOD MORNING
Everyday in the early huors I serch for your inputs but since no inputs from 28 sep
THANKS FOR INPUT WITH CHARTS.

satheesh said...

@ madamuniramaiah,

I was held up with family affairs also was out of station - so could not update the Blog.

madamuniramaiah said...

THANKS FOR YOUR TIMELY INPUTS.

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