ANALYSIS FOR SEPT 12

Nifty Has closed near the High and has closed above all parameters in Month, Week and Day TF. With respect to the TA parameters Nifty is in complete Bullishness - may be a time to excercise some caution - b'coz Nifty is likely to face trendline resistance at 5410-20. REFER CHARTS OF SEPT 11. 

MONTH CHART:

WEEK CHART:

HOUR CHANNEL SUPPORT IS AT 5380-75.

SYNOPSIS:

RESISTANCE AT 5410-20 LEVELS. PARTBOOK LONGS AT 5420NS TRAILING THE SL FOR LONGS TO EOD CLOSE BELOW 5350.

AVOID SHORTING TILL EOD CLOSE IS BELOW 5350 - i.e an EOD close below Day 5 EMA, Day Low EMA and Month HEMA.

CHECK LIST-DAY
CLOSE	5390	5 SMA	5312
PIVOT	5372	5EMA	5337
HI EMA	5350	10EMA	5321
LOW EMA	5304	13EMA	5319
prev HI	5393	20 Hr MA	5357
prev LOW	5332	50 Hr MA	5294
20 DMA	5336	100 Hr MA	5317
50 DMA	5278	200 Hr MA	5318
100 DMA	5163