NS has closed below all 5ema's, and Day and week Lema and Pivots.
The 5 Ema has closed above the 5Sma.
Trading firmly above the pivots only would lead to a bounce.
5380-90 is a longterm trendline support for week and Month TF. Holding above this in weekly TF would lead NS to a bounce upto 5600 - 650 levels. A break below this would take NS upto 5260.
Action Plan for today:
Sell below 5470-5460 - Day Lema/pivot SL hr cls above 5675
Book profits near 5390-5400 (Long term trendline support/ month Lema).
Add shorts if a close below 5390.
Buy abv 5470-75 -Day Lema/pivot SL Hr cls below 5460
Buy above 5400 SL Hr cls blw 5390 Month lema
No comments:
Post a Comment