15-10-2012 Trade dairy - No trades

Good morning

Today's JN SAR 5705 - Day Pivot 5687 (I will check for filter of 20 points)

SS lines are in over sold zone.  As JN SAR is in short mode, I will wait for them to come up and give negative cross over.

10:35  SS lines are not willing to come up in 60 minutes chart.

In 30 minutes chart they have give positive cross over due to passing of time.  (But did not sustain for 5 minutes.)

11:20  If price goes to 5644 spot, I will book part profit on 1 lot minifty (my short triggered on Friday @ 5694 spot) now trading @ 5659

11:41  Today's inflation data did not make much movement in price (on release).

12:05  Positive cross over seen in 60 minutes chart.

12:30 SS lines in 30 minutes chart are over lapping to give negative cross over.  While in 60 minutes chart they are not moving up after positive cross over.

1:00 SS lines in 60 minutes chart are almost reaching for over bought zone.  In 30 minutes chart they are already in overbought zone.

3:00 SS lines in 60 minutes chart are overlapping to give negative cross over.  For today, I will not take position as it is coming after 3 p.m.