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 28, 2012

Analysis for Sept 28

Nifty is fixed within a very narrow trading range of 5640-5720. Now for Charts:






As per the above weekly charts, the RESISTANCE is @ 5730-40.




The Day and Hour Charts too indicate a Resistance of 5730-40 and a support of 5640-20. breakout above either range would lead to Big moves.

SYNOPSIS:
HOLD SHORTS WITH SL EOD CLOSE 5710.
AGGRESSIVE LONGS IF EOD CLOSE ABOVE DAY HEMA.


Developing week levels Month Levels
CLOSECLOSE
PIVOT5666PIVOT5528
HI EMA5592HI EMA5493
LOW EMA5464LOW EMA5078
5 EMA55485 EMA5359
5 SMA55045 SMA5268
 High5720PrevHigh5720
LOW5639Prev Low5215


CHECK LIST-DAY
CLOSE5650HI EMA5677
PIVOT5661LOW EMA5624
prev HI569420 Hr MA5666
prev LOW564050 Hr MA5646
5EMA56475 SMA5670
10EMA559910 DMA5613
13EMA557020 DMA5461
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2 comments:

Just Trade said...

Hi Satheesh

No post for a long time. Hope everything is fine with you.

Take care

Regards

October 10, 2012 at 7:22 AM
satheesh said...

@ Just Trade,

Thanks for your concern :). due to family work I was not able to give time to this :)

October 10, 2012 at 9:25 AM

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