Analysis for June 20

ANALYSIS FOR JUNE 20:

Nifty Closed above the Pivot  but below Day HEMA. The upward momentum would continue only with a close above the Day HEma 5133 - which happens to be the 61.8% retr for the fall from 5190 - 5042.
Above this level resistance again at 100 DMA.

Aggressive shorts for Intraday can be taken near 5120-30 levels with SL Hour close above 5135 - Day HEMA.

Buy only if EOD close is above DHEMA -5133 or Buy near 4980-5000 range. till then TRADING TIME.

For the 5-0 pattern to complete with the present high at 5190 - min of 4980 must be reached before crossinf 5190 again.

CHECK LIST-DAY
CLOSE	5105	5 SMA	5097
PIVOT	5087	5EMA	5090
HI EMA	5133	10EMA	5063
LOW EMA	5045	13EMA	5049
prev HI	5109	20 Hr MA	5097
prev LOW	5048	50 Hr MA	5095
50 DMA	5065	100 Hr MA	5011
200 DMA	5068	200 Hr MA	4961
100  DMA	5196
20 DMA	4993

Analysis for june 19

INTRADAY UPDATE 10.AM:
Shorts added at 5070NF.


ANALYSIS FOR JUNE 18:
Last week's heavy bullishness was totally dampened with today's huge news based sell off of Nifty from approx 100 DMA till the Day LEMA - and closed just below the 200 DMA implying more bearishness.

Nifty Harmonic pattern:

                      

Development of Bullish 5-0 pattern:
XA - 4804 - 5020
B - 4770 - 113% retr of XA
Current C - 5190 - 161.8% retr of AB DONE
Projection for D:
5029 - 38.2% retr of BC -DONE
4980 -50% retr of BC - Corresponding to 20 DMA, 34 Day SMA and Week 5 SMA
As per the Pattern Nifty must not exceed 61.8% - 4930 retr which is the Potential Reversal ZONE.
Hence a Buy from 4950-4980 levels with Positional SL 4930NS

5-0 pattern in Hour Charts:

TRADE TABLE

	Trade Table
Current pattern	X-A	B	C(current)
0-5 pattern and Butterfly pattern (week)	4804 - 5020	4770	4190
Trade initiated	SL 200 DMA - 5070NS
Short at 5060NF	Proj for D
	50.00%	4980.00
	61.80%	4930.00
Partbook at 4980 levels initiate 25% longs
Book Out at 4940-50 levels and initiate Longs with strict SL 4930

CHECK LIST-DAY
CLOSE	5064	5 SMA	5099
PIVOT	5099	5EMA	5082
HI EMA	5145	10EMA	5053
LOW EMA	5043	13EMA	5039
prev HI	5190	20 Hr MA	5098
prev LOW	5042	50 Hr MA	5087
50 DMA	5067	100 Hr MA	5003
200 DMA	5067	200 Hr MA	4958
100  DMA	5196
20 DMA	4980

Analysis for June 18

Intraday Update 11.15::
As per earlier view Partbooking was done at 5185 NF and rest was booked out totally at 5100NF. As per the 5-0 BULLISH PATTERN (CLICK HERE), THE 161.8% is complete with a high of 5190 today, and started to fall. If the 200 DMA is held in EOD close and subequently if the coming days close ABOVE 5100, then this upmove might continue till the next higher level of 200% or 224% - 5270 and 5330 respectively.

If the 200 DMA is not held, then further fall will lead upto the 50% retracement level for the upmove from 4770 - 5190 which amounts to 4980.

Development of Bullish 5-0 pattern:XA - 4804 - 5020
B - 4770 - 113% retr of XA
Projection for C:
113%retr of AB - 5052
161.8% retr of AB - 5174 -DONE
Present C -5190 - 161% retr of AB
Projection for D:23.6% - 5090
38.2% - 5029
44.7% - 5002
50% -4980

ANALYSIS FOR JUNE 18:
Nifty opened at 200 DMA and moved up and closed above the Week and Day Pivot and Hema's on Friday exhibiting bullishness.

Currently the 50 DMA - 5072 and 200 DMA - 5067 are poised very close such that it might lead to a good fast rise if Bulishness continues. Else if there is a close below 5100 for two consequtive days the 50 DMA would go below 200 DMA - which is popularly called a Death Cross (CLICK HERE) - a Moving Average of Short term Moving below the Long term Moving average.

	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

PARTBOOK AT 100 DMA LEVELS - 5190-5200

Week Levels
CLOSE	5139
PIVOT	5100
HI EMA	5097
LOW EMA	4905
5 EMA	5037
10 EMA	5063
PrevHigh	5146
Prev Low	5015

CHECK LIST-DAY
CLOSE	5139	5 SMA	5097
PIVOT	5118	5EMA	5091
HI EMA	5122	10EMA	5051
LOW EMA	5044	13EMA	5035
prev HI	5146	20 Hr MA	5105
prev LOW	5069	50 Hr MA	5077
50 DMA	5072	100 Hr MA	4996
200 DMA	5067	200 Hr MA	4955
100  DMA	5196