Analysis for JUNE 15

Intraday Update 11.00AM:

For the past two hours the Low has not breached the 200 DMA and so reentered Longs at 5080NF with SL EOD  close below 200 DMA - 5065.

	Trade Table
Current pattern	X-A	B(current)
0-5 pattern and Butterfly pattern (week)	4804 - 5020	4770
Trade initiated	SL 200 DMA - 5065NS
Re-entered LONG at 5080NF on june 15	Proj for C
	113.00%	5052.00
	161.80%	5174.00
	224.00%	5330.00
Partbooked at 5030 NF on june 7
Part booked at 5135NF on 13 June
SL triggerred at 5090 NS on june 14

Analysis for Jun 15:
Nifty Got resisted from the Pivot and ended just above the Day LEMA and Day 10 EMA. Holding the Day LEMa and 10 EMA a Bounce is likely. A close above todays developing Week HEMA of 5096 would turn the picture bullish again and Nifty is likely to scale above 5200++. If the Close is below Week HEMA abd Day Hema of 5096-5110 - then again Nifty would be moving in a range between 5009 - 5100 - Corresponding to Week 5EMA and week HEMA.

The yesterday's low of 5054 is being supported by the channel.

Aggressive trade:
Buy at ranges of 5020 - 5035 with SL EOD close below 5000 - corresponding to Week 5 EMA.

Developing Week Levels
CLOSE
PIVOT	5072
HI EMA	5096
LOW EMA	4905
5 EMA	5009
10 EMA	5047
PrevHigh	5145
Prev Low	5015

CHECK LIST-DAY
CLOSE	5055	5 SMA	5083
PIVOT	5077	5EMA	5067
HI EMA	5110	10EMA	5032
LOW EMA	5031	13EMA	5018
prev HI	5130	20 Hr MA	5096
prev LOW	5048	50 Hr MA	5054
50 DMA	5077	100 Hr MA	4985
200 DMA	5065	200 Hr MA	4954
100  DMA	5194