Developing 5 EMA - 5666 , Day LEMA - 5645 - A likely close above Day LEMA but below Day 5 EMA. Again a narrow trading range. 20 DMA is 5679. SL for shorts EOD close above 5680.
Analysis for Oct 17:
Owing to global cues Nifty Might give a gapup. If trading above 5715 - day HEMA - initially an Hour close above 5715 - then strength in upward move.
The Channel resistance comes to around 5705-5710.
Breakdown below 5635. Trading oppurtuinities will continue between 5710-5635 - Between Day HEMA and Day LEMA.
EOD close above 20 DMA - 5675 would favour Bulls.
A definite Close either below the Day Lema or above the Day HEMA - would decide further moves.
Add shorts @ 5710 levels with strict SL 5720. Close all positional shorts with an Hourly close above 5720.
If 5635 breaks and reaches near 5600-5595 region Partbook and trail SL to DAY LEMA on EOD basis.
8 comments:
GOOD MORNING SISTER
Good Morning :)
Dear sister;
Your chrts are precious for me,Is it possible for you to post CHARTS in the early hours LIKE ILANGO SIRS PRE MARKET INPUTS
THANKS
I shall try my best. When I get held up in domestic work i am unable to update on time.
THANKS SISTER,
Since long time Iam following your inputs having great faith on you because Iam native of PUTTUR near THIRUPATHI
Thanks a lot for your belief. :)
Eepecting everyday for your 3pm closing inputs please.
I shall do it whenever it is possible
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