SL trigerred for the Aggressive short taken on friday at 5150NF.
ANALYSIS FOR JAN 31:
Nifty fell from the day Hema to close above the Day LEma but below the Pivot. A close below the Day HEMA but above the DAY LEMA has resulted in a trading range between the Day HEMA and Day LEMA. Channel supports are present in Day and Hour Charts near the DAy LEMA and 50 HR MA.
| Developing Month Levels | |
| CLOSE | |
| PIVOT | 4964 |
| HI EMA | 5286 |
| LOW EMA | 4684 |
| 5 EMA | 5002 |
| 3 EMA | 4956 |
| PrevHigh | 5217 |
| Prev Low | 4588 |
| CHECK LIST-DAY | |||
| CLOSE | 5087 | ||
| PIVOT | 5110 | 5 SMA | 5125 |
| HI EMA | 5147 | 5EMA | 5111 |
| LOW EMA | 5080 | 10EMA | 5052 |
| prev HI | 5166 | 13EMA | 5020 |
| prev LOW | 5077 | 26EMA | 4938 |
| 100 DMA | 4951 | 20 Hr MA | 5155 |
| 200 DMA | 5210 | 50 Hr MA | 5092 |
SL for shorts Remains the same with Hour close above 5125.
Levels for Intraday trade:
Sell Below 5145NS with SL close above 5150 NS Day HEMA target near Day LEMA
Buy above 5090-5100NS with SL close below 5080 Day LEMA target near Day HEMA.
1 comment:
Kumar sir,
Thanks for your encouragement as usual :).
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