Analysis for Oct 25

NIFTY LEVELS TO WATCH:

RESISTANCES:
DAY HEMA -   5717
WEEK HEMA - 5699
DAY 5 EMA -   5695
20 DMA        -   5695

SUPPORTS:
10 DMA - 5685
DAY LEMA - 5663
200 HE MA - 5655

Resistances - also corresponds to trendline resistances and supports - pattern supports.

HAPPY VIJAYADASAMI

Analysis for Oct 22

IMPORTANT TA PARAMETER TO WATCH TODAY:

STRENGTH ABOVE -

5693 - 20 DMA
5700 - WEEK 5 SMA
5711 - DAY HEMA

WEAK BELOW:

5651 - DAY LEMA & TRENDLINE SUPPORT (REFER DAY CHART BELOW)
5657 - WEEK 5 EMA

Nifty trading between 5700 - 5650. Any breakout/breakdown of the levels would lead to huge moves. Currently Day trend is down with a close below Day 5 ema and Day HEMA.

So trailing the SL for shorts to 20 DMA - close above 5695.