Analysis for july 9

Returned from Kashi, Allahabad,dip in Holy Ganges trip Yesterday. Very very nice experience in Ganges and triveni sangamam.  After visiting the place I felt it is a must for anyone to see the beauty of Ganga. The only factor which worried me a lot is the untidiness of the place and pollution!! Will there be a way for Mother Ganga to be clean???

Nifty Has closed just above the Day and week 5 EMA and Hema - exhibiting Bullishness. It has completed a 61.8% Golden ratio retracement for the fall from 5629 - 4770. The Month Hema is ar 5325 and an EOD close above this would be very Bullish. But Caution is required with Longs as all Indicators are in Overbought zone and a little cooling off can be expected.

Todays trading range:  5265- 5295 - 5310 - 5325 - levels Day LEMA - Day 5ema - Day Hema - Month Hema respectively.

I shall update the charts and the harmonic formation charts after EOD.

Aggressive Trades:

SELL BELOW 5300 WITH SL Hourly close above 5325 -  +20 Pts + Day HEMA
BUY ABOVE 5270 WITH SL Hourly Close below 5350 - -20 Pts  Day LEMA

Week Levels
CLOSE	5317
PIVOT	5305
HI EMA	5232
LOW EMA	5087
5 EMA	5200
10 EMA	5151
PrevHigh	5334
Prev Low	5263

CHECK LIST-DAY
CLOSE	5317	5 SMA	5303
PIVOT	5311	5EMA	5294
HI EMA	5308	10EMA	5249
LOW EMA	5262	13EMA	5225
prev HI	5327	20 Hr MA	5306
prev LOW	5288	50 Hr MA	5268
10 DMA	5232
200 DMA	5074