Observation Log: 15th May 2014
15 May 2014
Tomorrow is the day! We had lower volumes. 25 points up and close at 7123. Lets see if the circuit breaks tomorrow.
Monthly
Same as last log
Weekly
Same as last log
Daily
3 birds up in the air. The gap would close sooner or later.
Hourly
Sideways channel between 7150 and 7090.
30 Min & 15 Min
The small bullish extensions are becoming smaller in the sideways trend but all technicals to be discounted for tomorrow.
Overall
I hope all of us have hedged appropriately. Many strangles would be in place! All the best for tomorrow. Nothing significant to jot down today.
15 May 2014
Tomorrow is the day! We had lower volumes. 25 points up and close at 7123. Lets see if the circuit breaks tomorrow.
Monthly
Same as last log
Weekly
Same as last log
Daily
3 birds up in the air. The gap would close sooner or later.
Hourly
Sideways channel between 7150 and 7090.
30 Min & 15 Min
The small bullish extensions are becoming smaller in the sideways trend but all technicals to be discounted for tomorrow.
Overall
I hope all of us have hedged appropriately. Many strangles would be in place! All the best for tomorrow. Nothing significant to jot down today.