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.

March 13, 2012

ANALYSIS FOR MAR 13

Intraday Update 12.45 AM:
Fast Rise Possibility in Hour Charts:


Intraday Update 10.20AM:
Possible Inverted h&S in the Hour Charts:


If resisted at 5430-50 levels then the Possibility of the Larger Inverted H&S would be Possible.

ANALYSIS FOR MAR 13:
Nifty has closed above the Day HEMA indicating Strength.

Bullish Crab Harmonic Pattern:

Development of Bullish Crab Pattern.
XA - 4531 - 5629
Current B - 5171 38.2% of XA - 5209 - DONE
Projection for C: (Holding B @ 5171)
38.2% - 5346
50% -5400
61.8% - 5454
78.6% - 5530


BULLISH factors:
Fast Rise setup in 5EMA, 10EMA and 26 EMA :


GOLDEN CROSSOVER OF 50DMA OVER 200 DMA :


50DMA Vs. 200DMA -
Fast Fall OR Bullish Golden Crossover???
50 DMA - 5161
200 DMA - 5168
GOLDEN CROSSOVER (CLICK HERE)

SYNOPSIS:
Trading above the 20 DMA at 5399 will be a Bullish sign. Intraday resistance can be expected at this range.
partbooking can be done at 5450 levels based on 61.8% retr. Intraday Longs can be initiated near 5350 levels with Day HEMA as SL.



CHECK LIST-DAY
CLOSE53605 SMA5283
PIVOT53695EMA5316
HI EMA532710EMA5331
LOW EMA527513EMA5338
prev HI542026DEMA5314
prev LOW532720 Hr MA5303
20 DMA539950 Hr MA5310
50 DMA5161100 Hr MA5386
200DMA5168200 Hr MA5370



Trade Table
Current patternX-AB(current)
Bullish Crab Pattern Developing4531-56295171
Trade initiatedSL close below Day HEMA 5327
Bought at 5180NS Proj for C
38.20%5346.00
50.00%5400.00
61.80%5454.00
78.60%5530.00
Booked shorts on 7th mar and initiated Long



IMPORTANT TA parameters for projections
50.00%5400.00Month HEMA
61.80%5454.00Week HEMA
78.60%5530.00