Dear All,
Though the kind of analysis I was expecting for this open contest has still not been submitted by anyone, but the best analysis is posted below which wins INR 1000/-. Winner’s name is :
RAJIV RANJAN, Panchkula, Haryana.
A. Although few more entries were good efforts but this entry was the most eligible for the prize due to the following.
Merits:
1. Approach - Use of spot chart and futures chart for assessing/confirming the situation.
2. Relevant BSL turned BRL has been picked correctly with most suitable TL points.
3. No wrong TLs used in the analysis.
4. Use of only historical data, i.e., NIFTY data before 5629.95 occurred, for the analysis.
Demerits:
1. Proper technical term has not been mentioned in the chart for the price action.
2. BSL-Turned-BRL requires more fine-tuning.
3. Suggested trade is irrelevant to the discussion.
4. Micro-analysis is simply absent.
B. My analysis for the contest question will be shared with my mentees only.
C. Prize money has been scheduled for transfer to the winner’s account on 13th Nov. 2012.
New contest question would appear within a week here in the blog itself.
Best Wishes!
Kamlesh Uttam
3 comments:
Thanks a lot Sir.
This is a great DIWALI gift to me from UttamsMethodofSelling.
Regards
Rajiv
I am amazed by the professionalism...as I
found Rs 1000 i.e. the prize money is already credited in my account.
HATS OFF !!
Dear Rajiv,
Keep the tempo going!...
Best Wishes!
Kamlesh Uttam
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