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.
March 14, 2011
Fast fall!!
Fast fall negated!!!
There is a fastfall set up emerging in 5min NF graph!!NS got resisted exactly at day 5EMA and moving downwards!! For Intraday Short was taken @ NS 5475 with hourly close above 5490 NS as Stoploss 5 points above today's high.
Fast rise setup may emerge for 5 min chart in nifty. 5 DEMA and 20 DEMA crossed the 200 DEMA. So as per the guidelines of ilango sir it may go for the fast rise set up. Here we required volume for this set up.
4 comments:
Sathesh,
5 min charts shows the nifty is going sideways, with lower volume. So fast fall possibility is not possible as per the current situation.
tanmay
Satheesh,
Fast rise setup may emerge for 5 min chart in nifty. 5 DEMA and 20 DEMA crossed the 200 DEMA. So as per the guidelines of ilango sir it may go for the fast rise set up. Here we required volume for this set up.
Hi Satheesh,
All the very best. Away from active participation due to daughter's exams. Still wanted to wish you a great journey.
Thank you Rajagopal sir
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