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.



Monday 1 October 2012

3/10/2012

Closed at 5719.

At  HHema ( 5719)

Hour trend up  .

Above Dhema ( 5705) ,  Day trend up with momentum .

Now we have First Hour low ema at 5707 and Day high ema at 5705 . SO only a close below these lvls would bring weakness in price.

-ve Divergence in hour charts still persisting.

All I understand is 5735 is resistance presently .
and 5700-5710 support.

5Dema being at 5683.