NIFTY and TATAMOTORS ANALYSIS

Nifty made a High of 6282 on Friday but closed below the Month Hema and crucial resistance level of 6290-6300.

Resistance at 6280-90.
Support at 6180-90 - 50 DMA.
If supported quick move towards 6300++
Breakdown below 6180 - 50 DMA and EOD close below it is very bearish - likely to lead below 6100 levels.

TATAMOTOR analysis

Tatamotors has made a NEW HIGH of 418.2 - with a possibility of completion of 5waves in week charts.

NIFTY ANALYSIS

Today being the End of Month and End of Week - the crucial levels are 6290 - Month HEMA. 6197 - Week HEMA.
Monthly Charts Resistances - 6290-6320
Weekly chart Channel resistances - 6240-6250.
Day chart Channel resistances - 6240-6250
Day Chart Channel Supports - 6180.
Hour charts SMACD and KST consistently exhibiting -ve divergences.

Nifty Analysis

intraday Update 12.30PM:
Tatamotors Hour chart update:
395 - has been knocked thrice today. Breakdown of wedge below 394. If supported then again towards 400+

NIFTY and TATAMOTORS analysis

Tatamotors has rallied upto 400.85 (current value) gathering support at 390 levels. A rising wedge is formed and breakdown of Wedge is below 394.

NIFTY ANALYSIS and TATAMOTORS ANALYSIS

Nifty found support from the 200DMA @5971 and has rallied upto 6160 and  has closed below the Day HEMA thereby indicating sell on rise.

A 5-0 pattern is almost complete in day charts @6160. This Pattern would be invalid above 6194 - 61.8% retracement of 6358 - 5933.

To Know about 5-0 pattern  CLICK HERE

TATA MOTORS ANALYSIS

UPDATE 1.00 pm:
Hour chart with EW count:

If 390-388 is held then a swift upmove to 395++.If breaks down 390 then down to 380,375.