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.

August 25, 2011

Analysis for Aug 25

Week Pivot = 4925

Day pivot = 4909
Day Lema = 4882
Day 5ema = 4929
5EMA  > close above 4930.
Hour close above 4930 would break the Hour trendline.

In day trendline will be a support for a low of 4875.

So, Action Plan for the day:

Buy above 4885 (day Lema) with SL close below yesterday Low at 4775
Sell below 4925 (week pivot and 5ema) with SL close above 4935.

Posted by at

No comments:

Post a Comment