Trade Diary of a Novice

[ajeetsingh]

 

[ajeetsingh]

2 may 2013

Once again nifty given respect to 5970 level. According to Gap theory there was a super short trade in nifty (intraday basis).
No change of levels.
Next resistances are-5970-6111 and support stands at-5775-5700.
we still in influence of 2nd pressure date for the month of April i.e. around 29th April 2013

 

[soft_trader]

@ Ajeet:

Nice charts of Gold. I really like them.

Which MT you are using?

 

[ajeetsingh]

@ ajeet:

Nice charts of gold. I really like them.

Which mt you are using?

mt4..........

 

[soft_trader]

mt4..........

No, I actually mean MT4 from which broker?

 

[ajeetsingh]

No, I actually mean MT4 from which broker?

sorry its a cr***** version

 

[ajeetsingh]

SAs we see intermediate trend has been changed and I am expecting more upside but do not buy nifty on current level, wait for a decline.
Next major resistances are-6111-6260-6338 and supports stands at-5970-5840-5745.
1st Pressure date for the month of May is around 6th May 2013.

 

[ajeetsingh]

Closing the week above the golden ratio and previous week high of 2360 will be bullish for the stock.
Price closing below 20 Week SMA (2277) will be bearish for the stock in the short term.

 

[TraderRavi]

sorry its a cr***** version

where to report this ? m going to complain

 

[ajeetsingh]

Todays Nifty Future has Resistance @ 5980 if crosses this level with volumes then it can move upto 6005 & 6025 levels.
Todays Support are @ 5960 & 5930..
If closes below 5945 continuous for 2 days then Trend will change
Otherwise there is No Problem for Bulls