Analysis for Jan 13

Intraday Update 2.30 PM:

Nifty Futures made a High of 4917 and the target for Bearish Bat Pattern is almost over. Now as 61.8% retr of 5400 - 5431 is also done at 4899NS, More upsides will be only on Close above 4880 and then the Bearish Shark Pattern of the Day TF would Take over. 

Now retracements of the upmove from 4588 - 4899 must be watched for further pattern development.

NS has resisted exactly at channel top. Missed to watch it earlier. So Terminating the Longs AT COST TO COST.

Intraday Update 2.00 PM:
The SL for Longs is placed at DAy Close below 4860 NS- today's Day HEMA and 50 DMA. Book profits at 4920-30 NS as it is 100 DMA.





Intraday update 12.45 PM:

Intraday update 12.15:
Nifty has gathered support at Day Hema at 4834 so Initiated 50% longs at 4860NF


Intraday Update 11.15 AM:


Todays High -4868 -50 DMA
Today's Low - 4834 -Day Hema.
The range would be resolved by a breakout on either sides. If 50 DMA upsides breakout -then 4932 possible. If it breaks then 4775 - 47NS.



ANALYSIS FOR JAN 13:

Nifty yesterday closed just below the Day Hema and Pivot yesterday - signalling ST weakness.

Week levels		Developing levels
CLOSE	4754	CLOSE
PIVOT	4712	PIVOT	4801
HI EMA	4864	HI EMA	4869
LOW EMA	4638	LOW EMA	4657
5 EMA	4748	5 EMA	4776
10 EMA	4832	10 EMA	4831
PrevHigh	4795	High	4877
Prev Low	4695	LOW	4695

Considering the weekly developing levels - Nifty is trading well below the Week 5 EMA and Pivot. Weakness would set in on weekly basis if NS closes below the week 5EMA. Today If 4869 -week HEMA is attempted and could not close above it- which also corresponds to 50 DMA - then there would be a Pause in the upmove.

So as per the weekly levels NS is in trading range between 4800 - 4870.Break of either sides would lead to huge moves.

CHECK LIST-DAY
CLOSE	4831
PIVOT	4835	10EMA	4781
HI EMA	4838	13EMA	4772
LOW EMA	4774	26EMA	4781
5EMA	4813	prev HI	4877
5 SMA	4808	prev LOW	4842
200 Hr MA	4770	100 DMA	4938
100 Hr MA	4743	50 DMA	4869
50 Hr MA	4783	20 Hr MA	4843

Positional	Trade Table
Current pattern	X-A	B	C	D(current)
Bearish Bat pattern Hour TF	5099-4531	4801	4588	4877 - 127% of BC
Trade initiated
	If 4877 broken upwards then proj for D
	141.40%	4889.00
	161.80%	4932.00

If NS trades below 4877 then  projections for downsides
23.60%	4808.00
38.20%	4766.00
44.70%	4748.00

If the Day close is above the Day Hema and subsequently above weekly Pivot then a Positional long could be inititated as upsides are possible.

For Intraday:
Sell Below 4860NS with SL 4880NS - 50 DMA and weekly Hema
Buy above 4830 with Sl 4810NS - Day 5EMA

Analysis for Jan 12

The Longs were terminated at 12.00 noon as close was below 4830 as per yesterday's table.

CHECK LIST-DAY
CLOSE	4861
PIVOT	4860	10EMA	4770
HI EMA	4823	13EMA	4763
LOW EMA	4759	26EMA	4777
5EMA	4804	prev HI	4877
5 SMA	4791	prev LOW	4842
200 Hr MA	4774	100 DMA	4941
100 Hr MA	4736	50 DMA	4879
50 Hr MA	4767	20 DMA	4716

Today Nifty has made a low of 4804 corresponding to the Day 5 EMA.

ST Bullish scenario: A crossover of the 20 & 50 Hr MA over 200 Hr MA. NS has retested the trendline from which the breakout took place at 4804. Supports here would lead to good moves.

Bearish Scenario: Trading well below the 50 DMA.

Analysis for Jan 11

Intraday Update 1.15 PM:


In Nifty Hour charts convergence of MAs are present. The 20Hr MA has just crossed over the 200 Hr MA but the 50 Hr MA is fast approaching the 200 Hr MA. If Fast fall develops then huge down moves if crossover happens then huge upmoves. 

If Nifty trades above the 50 DMA @ 4887 and week Hema of 4864 and closes above it then the crossover is likely to take place.


Intraday Update 10.30 AM:

Nifty has made a high of 4864 corresponding to the week Hema - which is also the 38.2% retr from 5400 - 4531. A pause is likely here so Partbooked at 4870NF and Trailing the remaining SL to Close below 4825 Day Pivot.

BEARISH BAT PATTERN:

CHECK LIST-DAY
CLOSE	4850
PIVOT	4825	10EMA	4750
HI EMA	4796	13EMA	4746
LOW EMA	4718	26EMA	4771
5EMA	4775	prev HI	4856
5 SMA	4769	prev LOW	4769
200 Hr MA	4775	100 DMA	4944
100 Hr MA	4721	50 DMA	4889
50 Hr MA	4733	20 DMA	4711

Positional	Trade Table
Current pattern	X-A	B	C	D(current)
Bearish Bat pattern Hour TF	5099-4531	4801	4588	4795 - 94.3% of BC
Trade initiated	SL revised to Day close below 4795 Day HEMA
reentered Longs at 4795NF(10 Jan)	If 4795 broken upwards then proj for D
	113.00%	4828.00
	127.00%	4858.00	Achieved
	141.40%	4889.00	Book PP
	161.80%	4932.00

BOOK PARTIAL PROFITS WHEN NS REACHES 4882-90 AS IT IS 61.8% RETR OF THE LEG 5099 - 4531 CORRESPONDING TO 50 DMA AND TRAIL SL TO 4825 DAY PIVOT

	Trade Table
Current pattern	O-X	A	B(current)
Bearish Shark pattern	5400 - 4639	5099	4531
Trade initiated
	Projections for C
	50.00%	4815.00
	61.80%	4882.00
	70.70%	4932.00
	78.60%	4977.00

IMPORTANT TA parameters for projections
127.00%	4858.00	week HEMA
141.40%	4889.00	50 DMA
161.80%	4932.00	100 DMA

Analysis for Jan 10

Intraday Update 2.00PM:
2.00Pm close is 4833. So terminated the aggressive shorts taken at 4830NF.


INTRADAY UPDATE 11.00am:

Aggressively shorted at 4830NF with SL close above 4830NS.
4828NS is the 113% retr and also it coincides with the Trendline. Further upmove on a close above 4828.NS.

The 4828 levels also corresponds to Week 10 EMA.

ANALYSIS for JAN 9

Nifty gained support at the Day Lema 4680 levels  has closed just above the week 5 EMA and Day 5 EMA - but still below the Day Hema on Friday. A close above the Day Hema would warrant more upmoves upto 4828/58.

Close below the Monthly Lema of 4730 would lead to more downsides 4700/4680/4630 - corresponding to week Pivot/Day Lema/ week Lema. Breach of the week lema would warrant more downsides upto 4550 levels.

Week levels
CLOSE	4754
PIVOT	4712
HI EMA	4864
LOW EMA	4638
5 EMA	4748
5 SMA	4722
PrevHigh	4795
Prev Low	4687

CHECK LIST-DAY
CLOSE	4754
PIVOT	4745	10EMA	4724
HI EMA	4769	13EMA	4727
LOW EMA	4690	26EMA	4766
5EMA	4735	prev HI	4795
5 SMA	4731	prev LOW	4687
20 DMA	4709	50 DMA	4916
20 Hr MA	4707	100 Hr MA	4697
200 Hr MA	4744	50 Hr MA	4703

Positional	Trade Table
Current pattern	X-A	B	C	D(current)
Bearish Bat pattern Hour TF	5099-4531	4801	4588	4795 - 94.3% of BC
Trade initiated
	Projected downmoves		If 4795 broken upwards then proj for D
	38.20%	4715.00	113.00%	4828.00
	44.70%	4702.00	127.00%	4858.00
	61.80%	4667.00
Sell Below Hr close 4730 NS with SL Day Hema 4770 for Positional
Sell Below 4760 NS with SL Hr close above Day Hema 4780

IMPORTANT TA parameters for projections
38.20%	4715.00	week Pivot
44.70%	4702.00	50 Hr MA/100 Hr MA
61.80%	4667.00	Day Lema