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.

January 10, 2014

NIFTY ANALYSIS

TATAMOTORS UPDATE


Nifty managed to close exactly at Day LEMA but below 50DMA.

The present Week LEMA is 6155 - would change if new lows are being made today. Today being the End of Week, if today's close is below Week LEMA, then more downsides would follow. If Supported at 6150 levels, and Nifty closes above Week LEMA - then again a small consolidation is likely for the next week.


























TRADE

STOPLOSS

 REASON 
Sold @ 6210NS/6235NF on 3rd&6th jan EOD close above 50 DMA Weekly channel Breakdown
partbook near 6120-6130 levels

January 9, 2014

NIFTY ANALYSIS

TATAMOTORS ANALYSIS CLICK HERE:
Nifty has closed EOD below the 50 DMA and Day LEMA for the past three days - signalling weakness
 Moving past 50 DMA and at least 2 hrs close above 6200 would give strength for upmove else downsides continues.
Break below 6150 - weekly support - it is likely to be a swift fall.

DAY VALUES
HIGH 6192 5 EMA 6197
LOW 6160 10 EMA 6219
CLOSE 6175 5 DMA 6192
HI EMA 6234 50 DMA 6192
LEMA 6178

January 7, 2014

NIFTY ANALYSIS

For TATAMOTORS ANALYSIS - CLICK HERE

Nifty is finding support @ 50DMA and managing to close above it. It is hovering between Day LEMA and 50 DMA. Breaking of 50 DMA at EOD will drag Nifty down to lower levels.