Trade Diary of a Novice

[ajeetsingh]

Todays BankNifty Future has Resistance @ 12380 if trades above this level then 12445 & 12530 are next levels
Todays Support are at 12260 & 12175..
For higher levels, stay caution if not closes above 12600 !!!

 

[ajeetsingh]

Reliance Industries closed above 200 Day SMA. Previous attempt to stay above this level was not successful so one has to see if price is able to cross the resistance of 827 on closing basis to extend the current up move.
Weekly chart too is testing 5 Week High EMA. Weekly close above this level may give good up moves.
For the day 827 is crucial sustaining above it can give good intraday up moves for reliance.

 

[ajeetsingh]

 

[ajeetsingh]

booked 8 points in nifty
bought 5995 booked @ 6004
very fast movement :thumb:

 

[ajeetsingh]

Aaj ka kaam khatam

 

[ajeetsingh]

Nifty Future can rally upto 6120 level..
Strong Resistance level at around 6120, If crosses it & Closes above this level then can reach upto 6250 !!!
Todays Resistance at 6060 so if trades above this level then next resistances at 6090 & 6120 and finally 6160
Todays Support are at 6030 & 6000

 

[ajeetsingh]

Todays Banknifty Future facing Resistance at 12640 so if crosses it with volume
then will see 12720 & 12800..
Higher level Major Resistance is at around 12800 !!!
Todays Support is at 12530 so if trades below this level then will check 12460 & 12400

 

[ajeetsingh]

Long should be cautious at these levels. Further longs can be added only on closing above 50 SMA and 23.6% Fib level.
Unable to close above 50 SMA and 23.6% Fib level means weakness. Falling below 5 Day High EMA may give shorting opportunities.

 

[ajeetsingh]

 

[ajeetsingh]

sold 6049
booked 6036
13 points gain :clap: