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.

September 22, 2011

Analysis for Sept 22

Bullish Pattern has developed.








Important Values for the DAY:

CHECK LIST-DAY
CLOSE5133
PIVOT51435EMA5094
HI EMA512610EMA5067
LOW EMA505113EMA5060
5 SMA509326EMA5080
20DMA5008prev HI5168
50 DMA5220prev LOW5127
50Hr MA5048
100Hr MA5048


Trades Initiated
Current patternO-XAB
Bullish Shark pattern4978 - 515350175170
Trade initiated - sept 21sept 22 - SL - Hr cl Abv 5126
Shorted Below C at 5160Retr of AB for C
38.20%5111.50
50.00%5093.00
61.80%5075.00Book PP
76.40%5053.00
78.60%5049.00
88.60%5034.00
Above 5175- the ranges to trade are 5179,5225



The Stoploss for today is revised to Hrly close above Day Hema @ 5126. Book Partial profits at 5050-5075 ranges. Hold shorts if NS trades below the Day Lema at 5051.
  
Retracements based on Day TF
38.20%5070.44
4911 - 516950.00%5040.00
61.80%5009.56






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