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 July 2012

Intraday 3rd July 2012

Presently we are trading with in the red channel on hour charts . The top of the channel acting as resisting TL .

Intraday day nifty spot charts looks weak as it is trading in a down channel since morning .

5287 NS holding as support .


Today morning when nifty made a lower high at 5311 and started going further down  ..I drew a trendline from the tops 5317 and 5311 . Took a short position keeping the TL as guide . Came out of the trade as my trailing SL hit.