ANALYSIS FOR DEC 9

Intraday Update 12.30 PM:
The 5min NF chart - NF moving within Channel. Upsides only on channel breakout!!

Intraday update 10.00 AM:
Initiated shorts at 4890NS/4897 NS with SL day close above 4930 - Day Lema.

Intraday Update 9.30 AM :

50% RETR ACHIVES IN BEARISH bAT PATTERN WITH TODAYS LOW OF 4843. This corresponds to weekLema and Month Lema. Further weakness with a close below these levels.
So, terminated Shorts at these levels at 4850NS / 4865NF. With a Probable close below 4830 the shorts will be reinitiated with Week Lema @ 4836 as SL.

If Intraday bounce is present then fresh Shorts would be taken at 4900 -4930 ranges with Day Lema as SL.

ANALYSIS FOR DEC 9:
Nifty fell from above Day HEMA to Day Lema - as indicated by the -ve divergences in Hour charts. It has closed below the Day Hema and Day 5EMA indicating weakness. The Day Lema was breached but has managed to close just above it. Today's move would decide if it is going to support or resist!!

Analysis for DEC 8

Intraday update 1.30 Pm;
Booked aggressive longs at 5002NF - as resisted near 4985.


Intraday update 11.15 am:
Booked part profit at 4955 NS i.e 4970 NF.  as the  Day 10 EMa is at 4950 and the Day Lema @ 4942.

SL for rest of the shorts trailed to a Day CLose above Day 5EMA - 4990 NS
Aggressive longs at 4950NS /4970 NF with SL Hr close below 5040NS DAY LEMA.


Intraday update 10.30 AM:

ANALYSIS for DEC 7

NS was range bound between 5000 - 5050 on Monday. It managed to close just above the Pivot but below 200 HR MA.
A Doji is formed in Day charts depicting indesiciveness - whether it would cross 5064 and move upto 5100-5130 - 100 DMA or fall from here to reach 4900 initially.

ANALYSIS for DEC 5

Intraday update 2.45 PM:

After breaking the rising wedge NS has retraced back to the lower line. Trading below 5050-60 NS the rising wedge would be intact. 4985 - 75NS would be a channel support. Below 4985-75 would be weakness.

INTRADAY UPDATE 11.45 AM:
Aggressively shorted at 5040NF SL Hr close above 5050 NS

ANALYSIS forDEC 5:
NS moved pass all resistances on Friday DEC 2 and closed above 50DMA and just at 200 Hr MA.

The ABCD Reciprocal pattern is still valid as the 61.8% proj @ 5109 is not breached. - which is the Potential Reversal Zone (PRZ).