Analysis for Oct 7

Nifty faced resistance at 4830 ranges at Day Lema on Oct 5 and again reached a Low of 4740. It is likely to get good support at these ranges. Positive divergences is exhibited in Hour indicators.

Analysis for Oct 5

Nifty got resisted at Day Lema at 4880 and fell rapidly toreach a Low of 4728. The previous low of 4720 is not breached. Nifty would gather strength above Day pivot of 4790.

If the Low is held Nifty is likely to rally upto 4845 - 4881 before facing selling pressure again.

Analysis for Oct 4

Nifty started the October month with a huge gap down and it could not reach the Day Lema during the intraday Bounce and it closed below the Day Pivot, Lema but managed to close above the Week Lema. A close above the Day pivot of 4851 would help Nifty gain some upward momentum.

Important Day Parameters:

CHECK LIST-DAY
CLOSE	4850
PIVOT	4851	5EMA	4923
HI EMA	4969	10EMA	4950
LOW EMA	4881	13EMA	4961
5 SMA	4942	26EMA	5007
20DMA	5016	prev HI	4879
50 DMA	5118	prev LOW	4824
50Hr MA	4912
100Hr MA	4981

Analysis for OCT 3

Nifty got resisted at the Month Lema of 5031 and fell upto the Day Lema of 4924 ending the sept month below the monthly pivot of 4957 but above the weekly pivot of 4912 and Week and Day Lema. . Upward move is possible with a close above 4960 - month Pivot.

The important Month/week parameters:

Week levels		Month levels
CLOSE	4943	CLOSE	4943
PIVOT	4912	PIVOT	4957
HI EMA	5122	HI EMA	5526
LOW EMA	4845	LOW EMA	5031
5 EMA	4976	3 EMA	5112
5 SMA	4999	3 SMA	5142