Analysis for Oct 18

Nifty closed below 5 EMA but above Day LEMA - extending the trading zone.

Today's important levels to be watched:
Day HEMA - 5705
Day LEMA - 5645
Day 5 EMA - 5670
Day 20 SMA - 5680.

Trading above 5705 and an Hour close above it would favour Upmove -
Trading below 5645 and an Hour Close below 5645 would favour downmove.
5715-5635 - Trading time.

WEEK CHART:

DAY CHART:

 

Channel resistance - 5675-85

20 DMA - 5680
Triangle Breakdown - 5635

SYNOPSIS:
INTRADAY:
Sell at 5705-5710 with stoploss 5720.
buy at 5640-45 with SL 5630