Nifty has closed below the Day Pivot, Hema and Lema. Today at EOD if the Week High EMA @ 5271 is taken out then the upmove is likely to continue - A break below the developing Week 5 EMA @ 5210 levels would be a confirmation for the breakdown of the rising wedge.
SL FOR SHORTS TAKEN ON JULY 11 AT 5330 NS REVISED TO EOD CLOSE ABOVE 5275 - WEEK HEMA.
| Developing Week Levels | |
| CLOSE | |
| PIVOT | 5267 |
| HI EMA | 5271 |
| LOW EMA | 5131 |
| 5 EMA | 5212 |
| 10 EMA | 5167 |
| PrevHigh | 5349 |
| Prev Low | 5218 |
| CHECK LIST-DAY | | | |
| CLOSE | 5235 | 5 SMA | 5296 |
| PIVOT | 5238 | 5EMA | 5283 |
| HI EMA | 5304 | 10EMA | 5269 |
| LOW EMA | 5259 | 13EMA | 5254 |
| prev HI | 5262 | 20 Hr MA | 5291 |
| prev LOW | 5218 | 50 Hr MA | 5296 |
| 10 DMA | 5295 | 100 Hr MA | 5246 |
| 20 DMA | 5211 | 200 Hr MA | 5151 |
| 100 DMA | 5182 | | |
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