5620 levels is also a likely support - which was previous resistance. Breakdown of 5620 would lead to 5585/5568/5530 levels.
Hour Charts:
Day chart - support at 20 DMA:
Intraday aggressive Longs can be attempted at 5630-35 levels with SL 5610 - to be booked out at Day LEMA - 5660-70 levels.
Intraday shorts at 5690 - levels with SL for Shorts at 5710 corresponding to 10 DMA.
| CHECK LIST-DAY | |||
| CLOSE | 5652 | 5 SMA | 5713 |
| PIVOT | 5662 | 5EMA | 5692 |
| HI EMA | 5730 | 10EMA | 5682 |
| LOW EMA | 5674 | 13EMA | 5668 |
| prev HI | 5687 | 20 Hr MA | 5690 |
| prev LOW | 5647 | 50 Hr MA | 5721 |
| 10 DMA | 5703 | 100 Hr MA | 5690 |
| 20 DMA | 5633 | 200 Hr MA | 5527 |
5 comments:
GOOD MORNING AND THANKS.
Iam holding nf shorts@5688,since yesterday. YOUR ADVICE, PLEASE.
@ madamuniramaiah,
You must have taken the shorts based on some reason/trade plan. Please stick on to the reason and stoploss.
As per my analysis I have given the SL for shorts if taken at higher level at 5710 - corresponding to 10 DMA.
As 5633 is the 20 DMA Nifty is likely to get supports at this region and give a Bounce. Hence I have given aggressive Longs at this levels.
My levels are NS. Trading range between 5630/20 and 5710
THANKS,
I am also looking to cover @ 20 dma 5633/5630.
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