Analysis for sept 20

Hour Chart Update with 14 -RSI:

In The Day TF and Hour TF charts given on  Sept19  the Hour TF seems to gain momentum. In the  Bullish Crab pattern present - 38.2% retracement for the BC is done at 5046.

The next retr are 61.8%  = 4995 and 78.6 = 4958

The 14 -RSI indicator gives a lead in identifying the reversal points. It seems more downsides are left before it shows a reversal.

5MIN NF chart giving Hour TF range:

5MIN NF chart giving 5minTF range:

The important levels to be watched for more downsides are:



TA Parameters	Hr retr ratios for the wave 4907 - 5153	levels in NF	5min NF retr ratios for 5072-5131
		5013	200%
Day Lema	61.80%	5002	224%
Week 5SMA	78.60%	4960	261.80%
Week lema	94.43%	4920	361.80%

TRADE TABLE:

	Trades Based on Hour TF
Current pattern	X-A	B	C
Bullish Crab pattern	4720-5169	4911	5144
Trade initiated	Retr of BC for D
Shorted Below C at 5125	38.20%	5046.96
	50.00%	5021.00	Part booked
	61.80%	4995.04
	76.40%	4962.92
	78.60%	4958.08
	85.40%	4943.12

Important TA levels for sept 20:

CHECK LIST-WEEK		CHECK LIST-DAY
CLOSE	5084	CLOSE	5032
PIVOT	5046	PIVOT	5040	5EMA	5042
HI EMA	5164	HI EMA	5083	10EMA	5033
LOW EMA	4917	LOW EMA	5001	13EMA	5032
5 EMA	5054	5 SMA	5029	26EMA	5070
5 SMA	4955	20DMA	4982	prev HI	5068
		50 DMA	5243	prev LOW	5019
		100 DMA
		200 DMA

INTRADAY UPDATE: 9.45AM

5min chart update:

The 5min Bullish pattern has completed with yesterday's low of 5017NF and now it has given a retracement upto 61.8%@ 5086 (B) from 5131 - 5017, and 50% retr from 5153 - 5107 (refer above chart 5min chart giving Hour TF range).

 If Hour TF plays with NS staying above the Day Hema @ 5083 NS with an Hourly close then the remaining existing shorts could be cut.