Analysis for Aug 27

Intraday Update: 1.45 PM:

Hour Chart:

The current Low of 5365 is  supported by the Channel. Day Lema is 5369, Month High EMA is 5379, 13 Day SMA is 5364. If Nifty gains support at this level - being expiry week and month end, a pull back is possible.

Analysis for Aug 27:

Nifty has given mixed signals with weak Day TA by closing below the Day HEMA and Day 5 EMA, and a strong WEEK TA with a close above the week HEMA and week 5 EMA.

Going by the Day signals 50%  Short is initiated at opening 5390NS with PositionalSL 5455 NS. Though the Sl seems to be large with 50 Points, being the expiry week and month end too - the risk is taken.

Shall upload the charts later.

would add to shorts upto level - 5430-45NS. with SL -5455 NS.