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.
Nifty has closed below all 5EMA's and High EMA's and above all Low EMA's. Momentum will return back with a hourly close above 5475 and sustaining above that because it would result in a weekly close above Week EMA and Day EMA.
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.
