Intraday Update 10.AM:
The Longs are reversed to shorts as per trade table as the Hour closing is below the Pivot of 5255NS. SL for Shorts intraday - Close above 5260NS
Longs terminated at 5255 NF and Shorts initiated at the same level.
Loss in Longs - 5280NF - 5255NF = 35 Points.
The Day Lema is at 5220NS. NS likely to get intraday bounce from this level upto pivot. More shorts can be added at higher levels.
Intraday Update 1.00 PM:
Current NS Low is 5205 and NF is 5223. breakdown of this is a channel breakdown!!. Will it breakdown or gain intraday support and bounce back ???
Intraday update 2.30PM:
NF found support at 5225 levels bounced back upto 5270 levels. Now a fast fall has developed invalid above 5280. Added shorts at 5240NS/5270NF with SL same as 5260NS.
Intraday Update 3.15PM:
Nifty seems to be shuttling between the Day Hema and Lema. 3.00PM close is just at 5260. Currently today's close seems to be above the 5260 NS which is above the today's developing pivot. But the Day Hema is not taken out and close will be below the Day Hema of 5286 which also happens to be the week Pivot. So taking these factors into considerations the Shorts are held positionally.
| CHECK LIST-DAY | |||
| CLOSE | 5258 | ||
| PIVOT | 5255 | 10EMA | 5209 |
| HI EMA | 5297 | 13EMA | 5183 |
| LOW EMA | 5220 | 26EMA | 5118 |
| 5EMA | 5256 | prev HI | 5300 |
| 5 SMA | 5281 | prev LOW | 5205 |
| 100 DMA | 5232 | ||
| 200 DMA | 5401 | ||
| 20 Hr MA | 5289 | 50 Hr MA | 5223 |
Nifty made an Opening Low of 5205 yesterday but bounced back and rallied upto 5300 reaching almost 44.7% of AB. It has closed above yesterday's pivot and Day Lema but below Day Hema.
Weakness would prevail if NS continues to trade below today's Pivot @ 5255. Then the Longs would be reversed to Shorts.
| Trade Table | ||||
| Current pattern | X-A | B(current) | C | |
| Bullish Crab pattern | 5011 - 5400 | 5205 | ||
| Trade initiated | SAR close below Pivot 5250 NS | |||
| Bought @ 5275 NS | Proj for C | Proj for B below 5220 | ||
| 23.60% | 5252.00 | 44.70% | 5226.00 | |
| 38.20% | 5280.00 | 50.00% | 5205.00 | |
| 44.70% | 5293.00 | 61.80% | 5160.00 | |
| 50.00% | 5303.00 | 78.60% | 5094.00 | |
| 61.80% | 5325.00 | |||
| 78.60% | 5358.00 | |||
| If NS trades Below 5220 then next downsides for B | |||
| Day lema/100 DMA | 44.70% | 5226.00 | |
| prev Day Low | 50.00% | 5205.00 | |
| 13 EMA/100 Hr MA | 61.80% | 5160.00 | |
| Prev week Low | 78.60% | 5094.00 | |
No comments:
Post a Comment