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.

October 12, 2012

Intraday Update oct 12

3.15 PM update:
EOD close is likely to be above the Developing day LEMA and 20 DMA at 5661- but below thw week HEMA. So NIfty is likely to be in sideways mode for the coming week.  Aggressive shorts can either be closed on Intraday basis at CMP - 5672 NS or carried on positionally with a Stoploss of 5690 NS - Day 5 EMA.

12.45 PM Update:
SL revised to 5698 Day 5EMA

11.45 AM update:
Based on Channel resistance & Day HEMA @5726 - Aggressive shorts has been initiated at 5730NF with SL hour close above 5725. Caution - 10 DMA @ 5708 and Day 5EMA @ 5698. If 10 DMA supports then 5725 would be taken out easily.

NIFTY HOUR CHART:


11.00 Am high of 5720 - exactly at channel/triangle resistance - More upsides on an Hour close above 5720.

BANK NIFTY HOUR CHART:

Both Bank NIFTY and Nifty Breakout above today's 11.00 AM HIGH

1 comment:

madamuniramaiah said...

GOOD AFTERNOON SISTER,
SORRY IAM LATE TODAY BEAUSE OF SOME WORKS.

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