NIFTY EOD Analysis as on 23rd December 2010

Support = 5930
Resistance = 6100

NIFTY EOD Analysis as on 22nd December 2010

Support = 5930
Resistance = 6100

NIFTY EOD Analysis as on 21st December 2010

 Support = 5930
Resistance = 6100

NIFTY EOD Analysis as on 20th December 2010

NIFTY EOD Analysis as on 16th December 2010

NIFTY EOD Analysis as on 15th December 2010

My Mistakes during trading on 15th Dec 2010

1. Traded VIJAYABANK which was in downtrend on daily chart.
2. My Entry was at the resistance level (96.45) according to Fibonacci level on 1 min chart when i entered. Wrong Entry on my part.
3. I entered the trade without any confirmation.
4. I did not use Stop Loss Today.

 I should follow the following points so as to avoid repeating these mistakes in future:

1. Trade on the basis of trend. Watch the broader index.
2. Enter at support, Sell at Resistance.
3. Atleast use Volume or MA if you are using TA.
4. Please use Stop Loss on all future trades so as to minimise your loss.  

VIJAYABANK [EOD]

VIJAYABANK [2 Min]