EOD close is likely to be above the Developing day LEMA and 20 DMA at 5661- but below thw week HEMA. So NIfty is likely to be in sideways mode for the coming week. Aggressive shorts can either be closed on Intraday basis at CMP - 5672 NS or carried on positionally with a Stoploss of 5690 NS - Day 5 EMA.
12.45 PM Update:
SL revised to 5698 Day 5EMA
11.45 AM update:
Based on Channel resistance & Day HEMA @5726 - Aggressive shorts has been initiated at 5730NF with SL hour close above 5725. Caution - 10 DMA @ 5708 and Day 5EMA @ 5698. If 10 DMA supports then 5725 would be taken out easily.
NIFTY HOUR CHART:
11.00 Am high of 5720 - exactly at channel/triangle resistance - More upsides on an Hour close above 5720.
BANK NIFTY HOUR CHART:
1 comment:
GOOD AFTERNOON SISTER,
SORRY IAM LATE TODAY BEAUSE OF SOME WORKS.
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