Trailing the Stoploss for the Shorts taken to Hour close above 5680 - 10 DMA/5 DMA
October 19, 2012
Analysis for Oct 19
Intraday Update 2.30 PM:
Trailing the Stoploss for the Shorts taken to Hour close above 5680 - 10 DMA/5 DMA
Trailing the Stoploss for the Shorts taken to Hour close above 5680 - 10 DMA/5 DMA
October 18, 2012
Analysis for Oct 18
Nifty closed below 5 EMA but above Day LEMA - extending the trading zone.
Today's important levels to be watched:
Day HEMA - 5705
Day LEMA - 5645
Day 5 EMA - 5670
Day 20 SMA - 5680.
Trading above 5705 and an Hour close above it would favour Upmove -
Trading below 5645 and an Hour Close below 5645 would favour downmove.
5715-5635 - Trading time.
WEEK CHART:
Today's important levels to be watched:
Day HEMA - 5705
Day LEMA - 5645
Day 5 EMA - 5670
Day 20 SMA - 5680.
Trading above 5705 and an Hour close above it would favour Upmove -
Trading below 5645 and an Hour Close below 5645 would favour downmove.
5715-5635 - Trading time.
WEEK CHART:
October 17, 2012
Analysis for Oct 17
INTRADAY UPDATE 3.15 PM:
Developing 5 EMA - 5666 , Day LEMA - 5645 - A likely close above Day LEMA but below Day 5 EMA. Again a narrow trading range. 20 DMA is 5679. SL for shorts EOD close above 5680.
Analysis for Oct 17:
Owing to global cues Nifty Might give a gapup. If trading above 5715 - day HEMA - initially an Hour close above 5715 - then strength in upward move.
The Channel resistance comes to around 5705-5710.
Breakdown below 5635. Trading oppurtuinities will continue between 5710-5635 - Between Day HEMA and Day LEMA.
EOD close above 20 DMA - 5675 would favour Bulls.
A definite Close either below the Day Lema or above the Day HEMA - would decide further moves.
Developing 5 EMA - 5666 , Day LEMA - 5645 - A likely close above Day LEMA but below Day 5 EMA. Again a narrow trading range. 20 DMA is 5679. SL for shorts EOD close above 5680.
Analysis for Oct 17:
Owing to global cues Nifty Might give a gapup. If trading above 5715 - day HEMA - initially an Hour close above 5715 - then strength in upward move.
The Channel resistance comes to around 5705-5710.
Breakdown below 5635. Trading oppurtuinities will continue between 5710-5635 - Between Day HEMA and Day LEMA.
EOD close above 20 DMA - 5675 would favour Bulls.
A definite Close either below the Day Lema or above the Day HEMA - would decide further moves.
October 16, 2012
Analysis for 16 OCT 2012
INTRADAY UPDATE 3.00 PM:
The fastfall has had its effect pushing nifty to 5635. An EOD close below the Day LEMA - developing 5650 - then More falls in on cards. A Close below 20 DMA - would give a pause to the Bulls. Shorts SL at 5680 - just above 20 DMA.
Analysis for OCT 16
Nifty resisted from Day HEMA travelled down upto Day LEMA. Breakdown of contracting triangle below 5650-40. Breakout of Contracting triangle above 5720. The Trading range would continue till the range is resolved.
In Hour charts the MA's are alligned bearishly, with a fast fall set up between 20, 50 and 100 MA.
The fastfall has had its effect pushing nifty to 5635. An EOD close below the Day LEMA - developing 5650 - then More falls in on cards. A Close below 20 DMA - would give a pause to the Bulls. Shorts SL at 5680 - just above 20 DMA.
Analysis for OCT 16
Nifty resisted from Day HEMA travelled down upto Day LEMA. Breakdown of contracting triangle below 5650-40. Breakout of Contracting triangle above 5720. The Trading range would continue till the range is resolved.
In Hour charts the MA's are alligned bearishly, with a fast fall set up between 20, 50 and 100 MA.
October 15, 2012
ANALYSIS FOR 15 OCT
Nifty opened lower and till now could not sustain above 20 DMA - 5766. Struggling for support at Day LEMA @ 5658. If supported at Day LEMA first it would move towards 20 DMA and then towards Day 5ema -5690. Initial Strength returns on two Hours' close above Day 5ema @5690.
The charts indicate breakout only above 5700-5705. A breakdown below 5640 would be a descending traiangle/Head and shoulder breakdown.
WEEK CHART:
The charts indicate breakout only above 5700-5705. A breakdown below 5640 would be a descending traiangle/Head and shoulder breakdown.
WEEK CHART:
