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.

November 11, 2011

Analysis for Nov 11

Intraday Update 1.15 PM:

The close of 12.00noon and 1.00PM are both above 5142. So initiated another intraday Long at 5160NS with SL close below 5140. Based on the movement it would be converted to positional Long if NS would close today above the weekly 5EMA of 5185.

Intraday update 11.30 AM:

5142 is the current Low. This becomes the 38.2% retr for the XA of 4728-5400 of the DAY TF and also as per EW  min of wave c = wave a = 5134. So a High risk long for intraday can be initiated if the low holds in this hour's close. The Hour indicators at OS might also favour the trade - though a reversal is not yet visible in charts. wait and watch to see the close of 12.00 noon

Intraday update 11.00AM
SL triggered. for longs.
The Longs were initiated with the anticipation that if NS doesnot move beloe 5160 then it is likely to form an impulse wave according to EW theory and also as per the Harmonic pattern 127% retr was reached.

November 9, 2011

Analysis for Nov 9

Intraday Update 3.00 PM:

NS has almost reached 88.6% at 5225. Part booking can be done at 5240 NF.

Intraday Update 12.00 noon:

NF in a very small range within a triangle. Breakout of triangle to result in inv H&S.


November 8, 2011

Analysis for Nov 8



Week levels 
CLOSE5284
PIVOT5282
HI EMA5257
LOW EMA5038
5 EMA5185
30wk MA5331
PrevHigh5360
Prev Low5202



CHECK LIST-DAY   
CLOSE5284  
PIVOT528910EMA5225
HI EMA530113EMA5200
LOW EMA522526EMA5133
5EMA5265prev HI5326
5 SMA5279prev LOW5257
100 DMA5231  
200 DMA5399  
20 Hr MA526950 Hr MA5268



 Trade Table  
Current patternX-ABC (current)
Bullish Crab pattern5011 - 540052025325
Trade initiatedSAR close above 5260NS 
Sold @ 53455NFProj for D  
 44.70%5270.00 
 50.00%5263.00 
 61.80%5248.00 
 88.60%5215.00