Analysis for Nov 11

Intraday Update 1.15 PM:

The close of 12.00noon and 1.00PM are both above 5142. So initiated another intraday Long at 5160NS with SL close below 5140. Based on the movement it would be converted to positional Long if NS would close today above the weekly 5EMA of 5185.

Intraday update 11.30 AM:

5142 is the current Low. This becomes the 38.2% retr for the XA of 4728-5400 of the DAY TF and also as per EW  min of wave c = wave a = 5134. So a High risk long for intraday can be initiated if the low holds in this hour's close. The Hour indicators at OS might also favour the trade - though a reversal is not yet visible in charts. wait and watch to see the close of 12.00 noon

Intraday update 11.00AM

SL triggered. for longs.

The Longs were initiated with the anticipation that if NS doesnot move beloe 5160 then it is likely to form an impulse wave according to EW theory and also as per the Harmonic pattern 127% retr was reached.

Analysis for Nov 9

Intraday Update 3.00 PM:

NS has almost reached 88.6% at 5225. Part booking can be done at 5240 NF.

Intraday Update 12.00 noon:

NF in a very small range within a triangle. Breakout of triangle to result in inv H&S.

Analysis for Nov 8

Week levels
CLOSE	5284
PIVOT	5282
HI EMA	5257
LOW EMA	5038
5 EMA	5185
30wk MA	5331
PrevHigh	5360
Prev Low	5202

CHECK LIST-DAY
CLOSE	5284
PIVOT	5289	10EMA	5225
HI EMA	5301	13EMA	5200
LOW EMA	5225	26EMA	5133
5EMA	5265	prev HI	5326
5 SMA	5279	prev LOW	5257
100 DMA	5231
200 DMA	5399
20 Hr MA	5269	50 Hr MA	5268

	Trade Table
Current pattern	X-A	B	C (current)
Bullish Crab pattern	5011 - 5400	5202	5325
Trade initiated	SAR close above 5260NS
Sold @ 53455NF	Proj for D
	44.70%	5270.00
	50.00%	5263.00
	61.80%	5248.00
	88.60%	5215.00