Analysis for Feb 27

Intraday Update 2.00 PM:

20 Hr MA	50 Hr MA	100Hr MA	200Hr MA
5,463	5,521	5,451	5,274
5,450	5,517	5,450	5,276
5,440	5,514	5,450	5,279

BEARISH CROSSOVER OF 20 hr MA OVER 100 Hr MA. NEXT SUPPORT 200 Hr MA - 5279

INtraday Update 1.00 PM:
SL trailed to Close above 5350 - week 5 EMA

Intraday Update 12.45:
Will Book out the Shorts near 5285-90NS as it is the 61.8% Projection from 5076 -5629.

Intraday Update 11.45 AM:

Possibility of Fast rise of 50 Hr MA and 100 Hr MA:

If fast Rise devlops then NS would move up. If Crossover occurs then more Downsides.

Intraday Update 10.20 AM:

Partbooked Shorts at 5380NS corresponding to week 5SMA and Trailing the SL to 5405.
Hour Chart Update:



The Channel has been breached and has reached a low near the week 5SMA. If supported then NS is likely to move up.

AS per EW if it is the 4th wave down then the likelyhood of breaching the trendline and moving back into the channel for a swift final 5the wave. - It is not a rule but a guideline.

ANALYSIS FOR FEB 27:



Nifty has closed below the Week HEMA and Day HEMA - exhibiting weakness. But the Low made is exactly supported at the Month HEMA 5401. Just with 3 more days for the month close, Nifty is likely to get supported at the Month Hema 5401.

Development of Bullish Crab/Bat pattern in Hour Charts:

Development of a Bullish PatternXA - 5076 - 5629
Projections for B:B -5406 - approx 38.2% -5417 - DONE
If current B holds, then Projection for C:38.2% - 5475
44.7% - 5491
50% - 5504
61.8% - 5533

Fibo projections for the upmove from 5076 - 5629:
If 5406 is broken down then futher projections for B:38.2% retr - 5417
44.7% - 5381.81 - corresponds to the week 5 SMA.
50% - 5352
61.8% -5287.25

Week levels		Month Developing levels
CLOSE	5429	CLOSE
PIVOT	5488	PIVOT	5406
HI EMA	5447	HI EMA	5401
LOW EMA	5232	LOW EMA	4843
5 EMA	5354	5 EMA	5169
5 SMA	5381	5 SMA	5082
PrevHigh	5630	High	5630
Prev Low	5406	LOW	5159

CHECK LIST-DAY
CLOSE	5429	5 SMA	5536
PIVOT	5452	5EMA	5511
HI EMA	5551	10EMA	5473
LOW EMA	5457	13EMA	5441
prev HI	5521	26EMA	5308
prev LOW	5406	20 Hr MA	5496
100 DMA	5020	100 Hr MA	5450
50 DMA	5037

	Trade Table
Current pattern	X-A	B(Current)
Bullish Crab/Bat Pattern	5076-5629	5406
Trade initiated	SL Day close above Day LEMA 5457
Short from 5510 NS(feb23)	If  B Breaks then further Proj for B
	44.70%	5381.00	Part book at 5375-80
	50.00%	5352.00
	61.80%	5287.00

IMPORTANT TA parameters for projections
44.70%	5381.00	Week 5 SMA
50.00%	5352.00	week 5 EMA
61.80%	5287.00	Week LEMA