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 6, 2013

Intraday Updates

Intraday Update - IV: 3.15 PM:
The EOW close is likely to be above 6230. So the aggressive longs taken is carried forward positionally.
TRADE STOPLOSS REASON FOR Stoploss
bought @ 6240 NS/6285NF EOD close below 6230 Day HEMA/WeekHEMA

Intraday Update -3:

Nifty Analysis

Nifty Closed above all Hi EMA's and LEMA's except for Hour HiEMA.

DAY VALUES
HIGH 6301 5 EMA 6189
LOW 6232 5 DMA 6200
CLOSE 6241 10 DMA 6132
HI EMA 6229 20 DMA 6115
LEMA 6169 34 Hr MA 6208

December 5, 2013

NIFTY UPDATES 5 dec



INTRADAY UPDATE 2.00PM:


Nifty Analysis

Nifty closed below all HEMA's but above all LEMA's indicating sell on rises in all TF's.

DAY VALUES      
HIGH 6209 5 EMA 6163
LOW 6150 5 DMA 6170
CLOSE 6161 10 DMA 6107
HI EMA 6193 20 DMA 6113
LEMA 6137 34 Hr MA 6177


Nifty also closed at the channel support, and if respected would make a swift move upto channel top at 6260-70 levels.


Similarly in Hour chart too, the channel support is evident. Channel resistance coinciding with the targets(last leg CD) of the  Bearish Crab pattern developed.



Bearish Crab Pattern
XA - 6343-5973
B- 6212 - 61.8% retr of XA
C - 5973 - above 88.6 of AB
Proj for D:
88.6% - 6184-Done
113% - 6243
127% - 6276
Extended targets -

141.40% 161.80%
6310.95 6359.70


TRADE STOPLOSS REASON FOR Stoploss
Bought at 6050NS on 26/11 EOD close below 6130 Day LEMA/5Week SMA
Part booked at 6180NS/6225NF on 29/11/13    
Book profits at 6280 - 6290-6300levels - near day / weekly channel resistance






December 4, 2013

NIFTY ANALYSIS

Though Nifty has closed above all the Day TF parameters, it could not breakout from the resistance of 6225-6230 levels.

December 2, 2013

NIFTY ANALYSIS


Nifty reached the Weekly Channel resistance and was not able to move past it and closed just near the resistance and below week HEMA. This might put a pause in the uptrend but considering the Weekly candle - it is a MARUBOZU (CLICK HERE) - which is Highly Bullish.

DAY VALUES      
HIGH 6183 5 EMA 6109
LOW 6104 5 DMA 6100
CLOSE 6176 10 DMA 6101
HI EMA 6132 20 DMA 6128
LEMA 6066 200 Hr MA 6151

Week Values  
HIGH 6183
LOW 6030
CLOSE 6176
HI EMA 6198
LEMA 6007
5SMA 6137
5EMA 6108