This is my trading file to organise and jot down my take on the market .I do Technical Analysis. This blog is to keep track of my baby steps so that I can look back at my journey .Looking back tells me how far I have come from days when I knew nothing and can go further .It gives me motivation to keep going on even when I am tired. One has to back up trading with their own studies. The charts I post here are 99% inspired from Ilango sir.



Tuesday 3 January 2012

Gap up Opening

With todays gap up opening , the channel is broken upside in which nifty was trading for last few days .

We did a buy at 4630 lvls yesterday , we will carry this position till the prices close below the Hour low ema or day low ema ...
At 11:30 the Hour low ema is 4679 so that is the stop loss for now the long position taken yesterday .
which gives at least 50 points .