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.

December 30, 2011

BYE BYE!!! 2011!!!

The much expected Santa Rally could not go beyond 4800 and has significantly dropped to close at 4646 for the DEC 2011 expiry.

Week Developing levels Current Month Levels
CLOSE CLOSE
PIVOT 4696 PIVOT 4759
HI EMA 4899 HI EMA 5321
LOW EMA 4673 LOW EMA 4732
5 EMA 4752 5 EMA 4966
5 SMA 4786 3 EMA 4836
PrevHigh 4801  High 5099
Prev Low 4640 LOW 4531

CHECK LIST-DAY
CLOSE 4646
PIVOT 4663 10EMA 4716
HI EMA 4744 13EMA 4729
LOW EMA 4671 26EMA 4793
5EMA 4698 prev HI 4787
5 SMA 4719 prev LOW 4556
20 DMA 4790 100 Hr MA 4716
20 Hr MA 4712 50 Hr MA 4707