| CHECK LIST-DAY | |||
| CLOSE | 4947 | ||
| PIVOT | 4948 | 5EMA | 5032 |
| HI EMA | 5078 | 10EMA | 5025 |
| LOW EMA | 4990 | 13EMA | 5027 |
| 5 SMA | 5070 | 26EMA | 5088 |
| 20DMA | 4998 | Ystrdy HI | 4985.6 |
| 50 DMA | Ystrdy LOW | 4911 | |
| 100 DMA | |||
| 200 DMA |
Nifty has closed below all of the Day parameters but found support at 4920 - weekly Lema.
Today's action plan:
Resistances expected at 4990 -Dlema, 4998 - 20dma, 5025 - 13ema.
Short Below these levels with SL Hr close above 5040
Buy above 4920 with SL Hr close below 4890.
5min NF chart with possible wave count:
2 comments:
The volume of fall is higher and bearish engulfing on friday can't forget. closed my 5100 call also. global induced "upside" may trap the shorters :) bears just returned from it's holidays too early to say "go away bears" :D
Anyway i will "bow' to the upmove "and take it"
A rising wedge has formed on 5min NF charts and I have uploaded it also. A breakdown of it would clearly start the downside!!!
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