Analysis for Sept 14

Nifty ended with a DOJI indicating indecisiveness. The +ve Global cues warrants for a good gap up opening. With the gap up it is likely to test the Resistance of Rising Wedge @ 5500.

With this Gap up, the Bullish Bat pattern would be invalidated and the ABCD pattern would come into play:

 ABCD pattern (Mentioned in Sept 11 analysis) 
AB - 5032 - 5449
C - 5215 - approx 50% retr of AB
Holding C Proj for D:113% - 5479
127% - 5512
141.4% - 5545
161.8% - 5593

SYNOPSIS:
HOLD LONGS WITH SL 5400 EOD.

Aggressiveshorts may be attempted with an Hourly Close below Day's Pivot - 5434.

Developing Week Levels
CLOSE
PIVOT	5405
HI EMA	5398
LOW EMA	5078
5 EMA	5352
5 SMA	5358
10 EMA	5302
PrevHigh	5447
Prev Low	5332

CHECK LIST-DAY
CLOSE	5436	HI EMA	5401
PIVOT	5435	LOW EMA	5363
prev HI	5447	50 Hr MA	5315
prev LOW	5422	100 Hr MA	5316
5EMA	5391	5 SMA	5392
10EMA	5358	10 DMA	5321
13EMA	5349	20 DMA	5343