Analysis for Nov 2

Weakness if NS closes below Day Lema @ 5220. Holding above 5220 and trading above Pivot would add strength.

CHECK LIST-DAY
CLOSE	5258
PIVOT	5269	10EMA	5198
HI EMA	5295	13EMA	5170
LOW EMA	5228	26EMA	5107
5EMA	5255	prev HI	5311
5 SMA	5267	prev LOW	5238
100 DMA	5235
200 DMA	5404
20 Hr MA	5314	50 Hr MA	5194

	Trade Table
Current pattern	X-A	B(current)	C
Bullish Crab pattern	5011 - 5400	5238
Trade initiated	SL close below 5220
Bought @ 5275 NS	Proj for C		Proj for B Below 5220
	23.60%	5276.00	44.70%	5226.00
	38.20%	5299.00	50.00%	5205.00
	44.70%	5310.00	61.80%	5160.00
	50.00%	5319.00	78.60%	5094.00
If SL triggered then the new Low would be the value of B

Intraday update 10.15 AM:

Strengths:

1. Low near 10 Day EMA and exactly at trendline support.
2. With the Low of 5207 - the total gap gets filled formed earlier in Day charts with a fall from
     5328-5205.
2. Holding well above Day Lema
3. Holding above 100 DMA
4. Retraced upto the trendline.

All the above indicates good support. Trading above Pivot would give added strength.
Further weakness only on close below 5200.

Intraday Update 2.30PM:

SL trailed to close below  Day Pivot 5265