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.



Friday 16 March 2012

Budget day ends !

Today I witnessed what volatility is ...in matter of seconds the prices were jumping 50+ points during the day .
I came out today with a small portion market had to offer me , in the morning itself . Then looking at volatility I acted in "my best interest " by not entering again :)
Looks like the 3rd is going on  will try to enter again , as this 3rd settles and 4th starts to up .

Its amazing to watch the Index move up and down in wild swings !! How people make money in tons and loss in tons . I want to be a turtle ...as long as I do not stop!!

Camarilla Lvls for 16th March

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Stock name Nifty 16th March 2012
Open     5,462.50
High     5,462.50
Low     5,362.00
Close     5,380.50
HL5  5481.347 Immediate upside target after Break Out
HL4 5435.608 Break Out on the Upper Side
HL3 5408.054 Go Long above these
LL5 5279.653 Immediate lower target after Break Out
LL4 5325.392 Break Out on the Lower Side
LL3
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5352.946 Go Short Below These
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Will Update these lvls as the day Opens