Analysis for feb 15

Nifty closed above the Day Hema after two days of pause - which shows strength. Intraday weakness below the Day Hema.

INTRADAY TRADES:

BUY ABOVE 5415 SL 5400NS book out near 5460 levels corresponding to Channel  resistance.
SELL below 5460 SL 5475 Book out near 5420 levels.

CHECK LIST-DAY
CLOSE	5416
PIVOT	5407	5 SMA	5399
HI EMA	5412	5EMA	5392
LOW EMA	5344	10EMA	5339
prev HI	5428	13EMA	5303
prev LOW	5378	26EMA	5135
20 DMA	5216	20 Hr MA	5390
200 DMA	5183	50 Hr MA	5375

Analysis for Feb 14

HOUR CHART UPDATE:

CONTRACTING TRIANGLE: If it is a continuation pattern the contracting trianlge would give a breakout and the upsides would continue holding 5340-50NS

HEAD AND SHOULDER PATTERN:

Below 5340-50 NS it would be a Head and shoulders breakdown - and a close below this level would confirm the H&S breakdown.

The SL for shorts is placed at the breakout point of the contracting trianlge 5415-5420NS.

Analysis for Feb 13

Nifty has closed below the Day HEMA indicating weakness in ST. Todays levels to be watched,

Week Pivot - 5377
Day Hema - 5396
50 Hr MA - 5341.
Current Months HEMA is 5433.

Support levels from 5330 - 5380. Close below 5330 would indicate more weakness.

WEEK CHART:

DAY CHART:

Close below 5330 would be a breakdown of the RISING WEDGE.

Day chart indicators also indicates OS with -ve Divergence.

IF NS CONTINUES TO CLOSE BELOW THE DAY HEMA/WEEK PIVOT TODAY AND SUBSEQUENTLY BREAKS 5330 .

50% PROFIT BOOKING LEVEL FOR THE  AGGRESSIVE SHORTS TAKEN ON FRIDAY IS 5330-5335 LEVELS.
REST OF THE SHORTS SL POSITIONALLY TRAILED TO A CLOSE ABOVE THE DAY HEMA - 5395.

Week levels
CLOSE	5380
PIVOT	5377
HI EMA	5231
LOW EMA	5043
5 EMA	5192
PrevHigh	5428
Prev Low	5323
40 Wk MA	5155

CHECK LIST-DAY
CLOSE	5380
PIVOT	5383	5 SMA	5198
HI EMA	5396	5EMA	5362
LOW EMA	5315	10EMA	5301
prev HI	5428	13EMA	5263
prev LOW	5341	26EMA	5135
20 DMA	5162	20 Hr MA	5374
200 DMA	5187	50 Hr MA	5341