NIFTY ANALYSIS

For the past two days Nifty has held on to the support of 6030 levels-Week channel, Day LEMA and 50 DMA Support and has closed above it.
Today's Support Level - 6000-6020 - 20pts +or- Day LEma
Today's resistance Level -6140-50 - 20 DMA
Break below 6000 would be a swift fall.

Analysis for Sept 21

INTRADAY UPDATE 12.30 PM:

NIFTY HAS REACHED THE  CHANNEL TOP. BOOKED 75% OF LONGS AT 5720NF.

ANALYSIS FOR SEPT 18

Nifty had a Huge run up with two gap ups. 75% of the Longs taken ( from sept 6th 5245NF) were booked out on Friday and Yesterday (5630NF).  Continuing rest of the Longs with Stoploss 5525 EOD - based on Day HEMA.

Analysis for Sept 14

Nifty ended with a DOJI indicating indecisiveness. The +ve Global cues warrants for a good gap up opening. With the gap up it is likely to test the Resistance of Rising Wedge @ 5500.

ANALYSIS FOR SEPT 11

Today's Support - 20 DMA/Day HEMA - 5328-5335. An EOD close below this would drag Nifty Down towards Day LEMA/50 DMA - 5280-70.

Now lets see what charts say:

DAY CHARTS: