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.

July 16, 2013

NIFTY ANALYSIS -

Nifty Has made a High of 6038 - Will it be a temporary TOP??? last Month (CLICK HERE) from the SUPPORT of  5566 (CLICK HERE) Nifty has reached upto 6038 -  Month HEMA. The Charts show major resistance at this juncture. So Taking out 6040 levels at the Month End is the Key for further Upsides. Nifty Had been trading in a tight range for the past two months within Long term Support and Long term Resistances. Breakout on either side would lead to Huge Moves.

July 15, 2013

TATAMOTORS ANALYSIS

Charts of TataMotors:

Friday's High of 294 has been resisted by the channel. Sustained Upsides only above EOD close 294.
200 DMA support at 288-287 levels. EOD close below this level would warrant more downsides.

HOUR CHART: