The Short initiated was closed yesterday on an Hour close above 5080 NS. Todays trading plan:
| Trades Initiated | |||
| Current pattern | O-X | A | B |
| Bullish Shark pattern | 4978 - 5153 | 5017 | 5170 |
| Trade initiated | SL - Hr cl Abv 5175 | ||
| Shorted Below C at 5160 NF | Retr of AB for C | ||
| 38.20% | 5111.50 | ||
| 50.00% | 5093.00 | ||
| 61.80% | 5075.00 | Book PP | |
| 76.40% | 5053.00 | ||
| 78.60% | 5049.00 | ||
| 88.60% | 5034.00 | ||
| Above 5175- the ranges to trade are 5179,5225 |
| CHECK LIST-DAY NS | |||
| CLOSE | 5032 | ||
| PIVOT | 5108 | 5EMA | 5075 |
| HI EMA | 5105 | 10EMA | 5053 |
| LOW EMA | 5013 | 13EMA | 5047 |
| 5 SMA | 5069 | 26EMA | 5075 |
| 20DMA | prev HI | 5150 | |
| 50 DMA | prev LOW | 5035 | |
| 100 DMA | |||
| 200 DMA |
A close Below todays Pivot would lead to more weakness in NS.
Intraday Update 1.30 PM:
38.2% retr of 5017 to 5170 reached at 5113NF. This almost corresponds to DAy Pivot at 5108NS. Futhere weakness would set in when NF trades below these levels and an Hour closing below 5105 - Day Hema.
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