Analysis for JUNE 15

Intraday Update 11.00AM:

For the past two hours the Low has not breached the 200 DMA and so reentered Longs at 5080NF with SL EOD  close below 200 DMA - 5065.

	Trade Table
Current pattern	X-A	B(current)
0-5 pattern and Butterfly pattern (week)	4804 - 5020	4770
Trade initiated	SL 200 DMA - 5065NS
Re-entered LONG at 5080NF on june 15	Proj for C
	113.00%	5052.00
	161.80%	5174.00
	224.00%	5330.00
Partbooked at 5030 NF on june 7
Part booked at 5135NF on 13 June
SL triggerred at 5090 NS on june 14

Analysis for Jun 15:
Nifty Got resisted from the Pivot and ended just above the Day LEMA and Day 10 EMA. Holding the Day LEMa and 10 EMA a Bounce is likely. A close above todays developing Week HEMA of 5096 would turn the picture bullish again and Nifty is likely to scale above 5200++. If the Close is below Week HEMA abd Day Hema of 5096-5110 - then again Nifty would be moving in a range between 5009 - 5100 - Corresponding to Week 5EMA and week HEMA.

The yesterday's low of 5054 is being supported by the channel.

Aggressive trade:
Buy at ranges of 5020 - 5035 with SL EOD close below 5000 - corresponding to Week 5 EMA.

Developing Week Levels
CLOSE
PIVOT	5072
HI EMA	5096
LOW EMA	4905
5 EMA	5009
10 EMA	5047
PrevHigh	5145
Prev Low	5015

CHECK LIST-DAY
CLOSE	5055	5 SMA	5083
PIVOT	5077	5EMA	5067
HI EMA	5110	10EMA	5032
LOW EMA	5031	13EMA	5018
prev HI	5130	20 Hr MA	5096
prev LOW	5048	50 Hr MA	5054
50 DMA	5077	100 Hr MA	4985
200 DMA	5065	200 Hr MA	4954
100  DMA	5194

Analysis for june 14

Intraday update:

An EOD close above 200 DMA is very important for the upmove to continue.

INtraday Update:
Aggressive longs SL trigerred.

Intraday update 12.15 PM:

As per aggressive trade Bought at 5095NF with SL hour close below 5080NS - 50 DMA.



ANALYSIS FOR JUNE 14:

Nifty ended up with a DOJI following a Bullish engulfing candle depicting indecisiveness. It made a High of 5145  approx equal to 44.7% retr of the downmove from 5629 - 4770 (CLICK HERE for WEEK CHART)

HOUR BAR:

Bullish Possibilities:  If the Hour channel provides support at 5100 - Day HEMA then the upmove would continue - This would ensure the completion of BULLISH 5-0 pattern CLICK HERE with min target at 5174 NS - as 161.8% retr is a must for completion of the pattern else the pattern would be rendered invalid.

Bearish possibilities: So for Intraday an Hourly close below 5100 - corresponding to Day HEMA would be the initial onset of weakness to be supported by 50 DMA and 200 DMA at 5082 and 5064 respectively.
An EOD close below 50 DMA/200 DMA would pull Nifty down to below 5000 levels. - This would render the Bullish 5-0 pattern invalid.

SYNOPSIS: HOLDING OF 5100 - DAY HEMA IS THE KEY FACTOR. AN EOD CLOSE BELOW THIS LEVEL WOULD DRAG NIFTY NEAR 5000 LEVELS.

	Trade Table
Current pattern	X-A	B(current)
0-5 pattern and Butterfly pattern (week)	4804 - 5020	4770
Trade initiated	SL Day HEMA - 5100
Bought at 4830NF on june 4	Proj for C
	113.00%	5052.00
	161.80%	5174.00
	224.00%	5330.00
Partbooked at 5030 NF on june 7
Part booked at 5135NF on 13 June

AGGRESSIVE TRADE: Buy near 5085 - 5100 levels with SL Hourly close below 5080 - 50 DMA.Book out near 5165 - 5175 NS ranges.
The positional Longs would be terminated if EOD close is below 5100 -Day HEMA.

CHECK LIST-DAY
CLOSE	5121	5 SMA	5082
PIVOT	5121	5EMA	5074
HI EMA	5100	10EMA	5026
LOW EMA	5023	13EMA	5012
prev HI	5145	20 Hr MA	5096
prev LOW	5095	50 Hr MA	5024
50 DMA	5082	100 Hr MA	4973
200 DMA	5064	200 Hr MA	4953
100  DMA	5193

Analysis for June 13

Intraday Update:

Partbooked at 5135NF. Only 25% longs are remaining with SL EOD close Below 5100NS Day HEMA.


Intraday Update 1.15 PM:

A bearish Bat pattern is almost complete in Bank NIfty.

BEARISH BAT PATTERN:
XA -10645 - 8995
B - 9783 - approx 44.7% retr of XA
C - 9110 -  85.4% retr of AB
Projection for D:
9870 - 113% retr of BC
127% retr of BC - 9965
141.4% - 10061.62
161.8% - 10198.91

The 161.8% retracement - 10198.9 is achieved now. -ve divergence is also exhibited. Caution required in Longs now.

If this level is surpassed and bank Nifty closes above 10200 levels at EOD more upsides will be possible upto the next retracement level of:

200% retr -10456 and
224% - 10617. - For this levels to achieve NIFTY must close above the 100 DMA at EOD.


ANALYSIS FOR JUNE 13:
Nifty has closed well above the Week and Day Hema, and 5 EMA. Holding above the Day HEMA, it is likely to reach upto 100 Dma -5180-90.

The Bullish 5-0 Harmonic pattern (CLICK HERE)  is continuing and the initial projection of 161.8% comes to 5174 - near 100 DMA. If resisted at this level, then as per pattern, a 50 % retracement for the rise from 4770 - 5174 approx -  4975 - 5000 levels is to be expected.

If Nifty moves past the 100 DMA, then the next likely resistances are 5200 - ( Refer Weekly Harmonic Chart above) 50% of the retracement of AB surpassing it, then 5300 levels. This corresponds to the 224% retr of the Day chart.

Day Bar chart:  A Huge Bullish engulfing candle is formed with a Trendline breakout.

SYNOPSIS: Holding the Day HEMA the upmove would continue upto 5175-95 levels. Surpassing these levels and an EOD close above 100 DMA would lift Nifty to 5275-5300 levels.

	Trade Table
Current pattern	X-A	B(current)
0-5 pattern and Butterfly pattern (week)	4804 - 5020	4770
Trade initiated	SL Day HEMA - 5078
Bought at 4830NF on june 4	Proj for C
	113.00%	5052.00
	161.80%	5174.00
	224.00%	5330.00
Partbooked at 5030 NF on june 7

Part booking at 5175-90 levels would be a prudent measure.
AGGRESSIVE shorts can be initiated at the same levels with Strict SL of 5205NS. If EOD close is above 100 DMA then the shorts must be terminated and Longs to continue with revised SLof 100 DMA.

Week Levels
CLOSE	5068
PIVOT	4974
HI EMA	5072
LOW EMA	4850
5 EMA	4986
10 EMA	5046
PrevHigh	5084
Prev Low	4770

CHECK LIST-DAY
CLOSE	5116	5 SMA	5057
PIVOT	5087	5EMA	4962
HI EMA	5078	10EMA	5005
LOW EMA	4986	13EMA	4993
prev HI	5129	20 Hr MA	5068
prev LOW	5015	50 Hr MA	4981
50 DMA	5086	100 Hr MA	4955
200 DMA	5063	200 Hr MA	4954
100  DMA	5192