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 4, 2011

Analysis for the Week& Month

Month 
  5705 the present high of july 1 is an important resistance and 5510and next 5400 is an  important support as per trendlines.

      
WEEK:

Week high ema is 5596 and pivot is 5585 = 23.6% retr for the uptrend 5197 - 5705
Week 5ema is 5523 and 5510 is 38.2% retr
Week lema = 5375 and trendline support is 5400

Holding the support of 5400 in weekly basis and breakout above 5750 in Closing basis Nifty is likely to target 6100++







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