Analysis for June 20

ANALYSIS FOR JUNE 20:

Nifty Closed above the Pivot  but below Day HEMA. The upward momentum would continue only with a close above the Day HEma 5133 - which happens to be the 61.8% retr for the fall from 5190 - 5042.
Above this level resistance again at 100 DMA.

Aggressive shorts for Intraday can be taken near 5120-30 levels with SL Hour close above 5135 - Day HEMA.

Buy only if EOD close is above DHEMA -5133 or Buy near 4980-5000 range. till then TRADING TIME.

For the 5-0 pattern to complete with the present high at 5190 - min of 4980 must be reached before crossinf 5190 again.

CHECK LIST-DAY
CLOSE	5105	5 SMA	5097
PIVOT	5087	5EMA	5090
HI EMA	5133	10EMA	5063
LOW EMA	5045	13EMA	5049
prev HI	5109	20 Hr MA	5097
prev LOW	5048	50 Hr MA	5095
50 DMA	5065	100 Hr MA	5011
200 DMA	5068	200 Hr MA	4961
100  DMA	5196
20 DMA	4993