ANALYSIS FOR MAR 13

Intraday Update 12.45 AM:
Fast Rise Possibility in Hour Charts:

Intraday Update 10.20AM:
Possible Inverted h&S in the Hour Charts:

If resisted at 5430-50 levels then the Possibility of the Larger Inverted H&S would be Possible.

ANALYSIS FOR MAR 13:
Nifty has closed above the Day HEMA indicating Strength.

Bullish Crab Harmonic Pattern:

Development of Bullish Crab Pattern.
XA - 4531 - 5629
Current B - 5171 38.2% of XA - 5209 - DONE
Projection for C: (Holding B @ 5171)
38.2% - 5346
50% -5400
61.8% - 5454
78.6% - 5530

BULLISH factors:
Fast Rise setup in 5EMA, 10EMA and 26 EMA :

GOLDEN CROSSOVER OF 50DMA OVER 200 DMA :

50DMA Vs. 200DMA -
Fast Fall OR Bullish Golden Crossover???
50 DMA - 5161
200 DMA - 5168
GOLDEN CROSSOVER (CLICK HERE)

SYNOPSIS:
Trading above the 20 DMA at 5399 will be a Bullish sign. Intraday resistance can be expected at this range.
partbooking can be done at 5450 levels based on 61.8% retr. Intraday Longs can be initiated near 5350 levels with Day HEMA as SL.

CHECK LIST-DAY
CLOSE	5360	5 SMA	5283
PIVOT	5369	5EMA	5316
HI EMA	5327	10EMA	5331
LOW EMA	5275	13EMA	5338
prev HI	5420	26DEMA	5314
prev LOW	5327	20 Hr MA	5303
20 DMA	5399	50 Hr MA	5310
50 DMA	5161	100 Hr MA	5386
200DMA	5168	200 Hr MA	5370

	Trade Table
Current pattern	X-A	B(current)
Bullish Crab Pattern Developing	4531-5629	5171
Trade initiated	SL close below Day HEMA 5327
Bought at 5180NS	Proj for C
	38.20%	5346.00
	50.00%	5400.00
	61.80%	5454.00
	78.60%	5530.00
Booked shorts on 7th mar and initiated Long

IMPORTANT TA parameters for projections
50.00%	5400.00	Month HEMA
61.80%	5454.00	Week HEMA
78.60%	5530.00