Bank Nifty at Trendline Support:
ANALYSIS FOR SEPT 4:
Nifty has closed below the 50 DMA and all other Day parameters presenting a bleak picture. Supports at 5230-20 levels. An EOD close below these levels would drag Nifty further down to 5150 levels.
An Hourly close above the Day Pivot/ Day Lema @ 5265 levels would be the first hint of strength.
The Aggressive SL for the Longs taken is Hourly close below 5250NS. Positional SL would be an EOD close below 5200NS - based on trendline support and Month 5EMA @ 5214
Stop Loss for existing shorts would be EOD close above 5300NS.
If Nifty gains strength above 5290 and has a Hourly close above 5290, then Fresh Longs would be taken in case SL hits before.
| CHECK LIST-DAY | |||
| CLOSE | 5254 | 5 SMA | 5290 |
| PIVOT | 5264 | 5EMA | 5289 |
| HI EMA | 5328 | 10EMA | 5313 |
| LOW EMA | 5268 | 13EMA | 5316 |
| prev HI | 5296 | 20 Hr MA | 5270 |
| prev LOW | 5243 | 50 Hr MA | 5317 |
| 20 DMA | 5335 | 100 Hr MA | 5348 |
| 50 DMA | 5260 | 200 Hr MA | 5281 |
| 100 DMA | 5161 |
3 comments:
Dear Satheesh
hope you are fine and doing well.
i shall be grateful, please help me updating stock TA files (Sir has stopped). i can update, but chart does not move ahead. i am not very good at Excel. what instruction should i follow?
you may reply to parimaldevnath@rediffmail.com
regards
@ parimal,
Sir has updated Infosys and ICICIBank in stock wealth blog today.
I shall try my best to help you out. Once you are able to update the stock details, the charts will automatically be updated till the the range of source data specified in the chart. Then right click on the chart, in the menu select source data, click on series and extend the source data range and the chart would be visible.
See if this would help you. If you have futher doubts mail me.
Dear Satheesh
thank you for the kind guidance
i shall try the same and report to you
thanks again
all the best
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