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 27, 2013

NIFTY ANALYSIS

Nifty found support at 6130 levels (CLICK HERE) and zoomed upto 6317 - retracing 61.8% of the fall from 6415 - 6129.9. Holding 6200 - 6230 the upmove would continue.




The Current week HEMA and Day Hema is around 6290-6300. Today's EOD & End of Week close above 6300- would help nifty to move towards 6400+.

TRADE STOPLOSS  REASON 
bought @ 6200 NS on 18/12 EOD close below 6280 NS Week HEMA/Day HEMA