The EOW close is likely to be above 6230. So the aggressive longs taken is carried forward positionally.
| TRADE | STOPLOSS | REASON FOR Stoploss |
| bought @ 6240 NS/6285NF | EOD close below 6230 | Day HEMA/WeekHEMA |
Intraday Update -3:
December 6, 2013
Intraday Updates
Intraday Update - IV: 3.15 PM:
The EOW close is likely to be above 6230. So the aggressive longs taken is carried forward positionally.
Intraday Update -3:
The EOW close is likely to be above 6230. So the aggressive longs taken is carried forward positionally.
Intraday Update -3:
Nifty Analysis
Nifty Closed above all Hi EMA's and LEMA's except for Hour HiEMA.
| DAY VALUES | |||
| HIGH | 6301 | 5 EMA | 6189 |
| LOW | 6232 | 5 DMA | 6200 |
| CLOSE | 6241 | 10 DMA | 6132 |
| HI EMA | 6229 | 20 DMA | 6115 |
| LEMA | 6169 | 34 Hr MA | 6208 |
December 5, 2013
Nifty Analysis
Nifty closed below all HEMA's but above all LEMA's indicating sell on rises in all TF's.
Nifty also closed at the channel support, and if respected would make a swift move upto channel top at 6260-70 levels.
Similarly in Hour chart too, the channel support is evident. Channel resistance coinciding with the targets(last leg CD) of the Bearish Crab pattern developed.
Bearish Crab Pattern
XA - 6343-5973
B- 6212 - 61.8% retr of XA
C - 5973 - above 88.6 of AB
Proj for D:
88.6% - 6184-Done
113% - 6243
127% - 6276
Extended targets -
| DAY VALUES | |||
| HIGH | 6209 | 5 EMA | 6163 |
| LOW | 6150 | 5 DMA | 6170 |
| CLOSE | 6161 | 10 DMA | 6107 |
| HI EMA | 6193 | 20 DMA | 6113 |
| LEMA | 6137 | 34 Hr MA | 6177 |
Nifty also closed at the channel support, and if respected would make a swift move upto channel top at 6260-70 levels.
Similarly in Hour chart too, the channel support is evident. Channel resistance coinciding with the targets(last leg CD) of the Bearish Crab pattern developed.
Bearish Crab Pattern
XA - 6343-5973
B- 6212 - 61.8% retr of XA
C - 5973 - above 88.6 of AB
Proj for D:
88.6% - 6184-Done
113% - 6243
127% - 6276
Extended targets -
| 141.40% | 161.80% |
| 6310.95 | 6359.70 |
| TRADE | STOPLOSS | REASON FOR Stoploss |
| Bought at 6050NS on 26/11 | EOD close below 6130 | Day LEMA/5Week SMA |
| Part booked at 6180NS/6225NF on 29/11/13 | ||
| Book profits at 6280 - 6290-6300levels - near day / weekly channel resistance | ||
December 4, 2013
NIFTY ANALYSIS
Though Nifty has closed above all the Day TF parameters, it could not breakout from the resistance of 6225-6230 levels.
December 2, 2013
NIFTY ANALYSIS
Nifty reached the Weekly Channel resistance and was not able to move past it and closed just near the resistance and below week HEMA. This might put a pause in the uptrend but considering the Weekly candle - it is a MARUBOZU (CLICK HERE) - which is Highly Bullish.
| DAY VALUES | |||
| HIGH | 6183 | 5 EMA | 6109 |
| LOW | 6104 | 5 DMA | 6100 |
| CLOSE | 6176 | 10 DMA | 6101 |
| HI EMA | 6132 | 20 DMA | 6128 |
| LEMA | 6066 | 200 Hr MA | 6151 |
| Week Values | |
| HIGH | 6183 |
| LOW | 6030 |
| CLOSE | 6176 |
| HI EMA | 6198 |
| LEMA | 6007 |
| 5SMA | 6137 |
| 5EMA | 6108 |