Nifty has reached 50 SMA and 200 DMA - 5090 levels now. Partbook the shorts created at 5170 ranges and Trail the remaining SL to 5150 DLEMA.
5090 is the support of the Channel and Falling wedge formed in Hour Charts. It also corresponds to 50 SMA and 200 SMA. A pause is likely at these levels.
+ve divergences are also exhibited in Hour 35D, 14 RSI and 9RSI charts. If 5085 - 80 levels breaks then the next minor support levels are 5040-30 levelsa.
| CHECK LIST-DAY | |||
| CLOSE | 5128 | 5 SMA | 5182 |
| PIVOT | 5125 | 5EMA | 5167 |
| HI EMA | 5195 | 10EMA | 5195 |
| LOW EMA | 5150 | 13EMA | 5202 |
| prev HI | 5144 | 20 Hr MA | 5154 |
| prev LOW | 5103 | 50 Hr MA | 5192 |
| 50 DMA | 5094 | 100 Hr MA | 5241 |
| 100 DMA | 5161 | 200 Hr MA | 5202 |
| 200 DMA | 5096 |
No comments:
Post a Comment