ANALYSIS FOR JUNE 25

NIFTY has closed well above weekly TA parameters of Pivot, 5 EMA and High EMA but closed below the Day HEMA. The TA parameters represent Bullishness - whereas the Patterns developed are Bearish Patterns or rather reversal patterns from Bullishness to Bearishness.

WEEK CHART:

The HANGING MAN PATTERN (CLICK HERE) is a reversal pattern though a follow up price confirmation is required.

DAY CHART :

RISING WEDGE if breaks past the TRENDLINE - then would likely reach the CHANNEL TOP above 5250++. If the RISING WEDGE come to play then there will be a breakdown below 5125 NS and further fall upto 5030-4980 would be imminent. If supported at the Base of the Rising wedge, then it would mve past the Rising wedge above 5175 would move higer breaking past the TRENDLINE  to reach 5250++.

BEARISH CROSS IN DAY CHART WITH BULLISH TA :

In The Golden Crossover 50DMA over 200 DMA -occured earlier - has not yet provided significant upmove as Nifty had closed above 50 DMA only once. Now there is a BEARISH crossover rather the DEath Cross - 50DMA below the 200 DMA but NS has closed both above the 50 and 200 DMA. So the pattern is Bearish But the TA is BULLISH!!

HOUR CHART:

The Hour Moving averages are Bullishly alligned whereas the Pattens formed are bearish. Rising wedge resistance, trendline resistance and resistance at 5190 100 DMA.

5-0 Bullish Harmonic Pattern:

Development of Bullish 5-0 pattern:
XA - 4804 - 5020
B - 4770 - 113% retr of XA
Current C -5190 - 161% retr of AB
Projection for D:
50% -4980
4950-70 - Potential Reversal Zone - PRZ

As per the pattern Nifty must reach 50% retr level of 4980 before crossing the High of 5190.

SYNOPSIS: ONLY WITH A BREAKOUT ABOVE THE TRENDLINE @ 5175 FOLLOWED BY CLOSING ABOVE 5190 100 DMA THE UPTREND WOULD CONTINUE.
SUPPORTS AT 5125-20 RANGES - WEEK HEMA
                          5080 - 5070 - Day LEMA/ Week 10 EMA
RESISTANCES AT 5165 - trendline resistance/Day HEMA
                                 5195 - 100 DMA

Though the TA is BULLISH as the PATTERNS formed are Bearish Coution with Longs at 5180 -5210 levels is very essential.

Week Levels
CLOSE	5146
PIVOT	5126
HI EMA	5128
LOW EMA	4950
5 EMA	5074
10 EMA	5078
PrevHigh	5190
Prev Low	5042

CHECK LIST-DAY
CLOSE	5146	5 SMA	5120
PIVOT	5133	5EMA	5130
HI EMA	5152	10EMA	5100
LOW EMA	5080	13EMA	5084
prev HI	5160	20 Hr MA	5126
prev LOW	5094	50 Hr MA	5108
50 DMA	5058	100 Hr MA	5063
200 DMA	5073	200 Hr MA	4982
100  DMA	5196
20 DMA	5030

ANALYSIS FOR MAR 13

Intraday Update 12.45 AM:
Fast Rise Possibility in Hour Charts:

Intraday Update 10.20AM:
Possible Inverted h&S in the Hour Charts:

If resisted at 5430-50 levels then the Possibility of the Larger Inverted H&S would be Possible.

ANALYSIS FOR MAR 13:
Nifty has closed above the Day HEMA indicating Strength.

Bullish Crab Harmonic Pattern:

Development of Bullish Crab Pattern.
XA - 4531 - 5629
Current B - 5171 38.2% of XA - 5209 - DONE
Projection for C: (Holding B @ 5171)
38.2% - 5346
50% -5400
61.8% - 5454
78.6% - 5530

BULLISH factors:
Fast Rise setup in 5EMA, 10EMA and 26 EMA :

GOLDEN CROSSOVER OF 50DMA OVER 200 DMA :

50DMA Vs. 200DMA -
Fast Fall OR Bullish Golden Crossover???
50 DMA - 5161
200 DMA - 5168
GOLDEN CROSSOVER (CLICK HERE)

SYNOPSIS:
Trading above the 20 DMA at 5399 will be a Bullish sign. Intraday resistance can be expected at this range.
partbooking can be done at 5450 levels based on 61.8% retr. Intraday Longs can be initiated near 5350 levels with Day HEMA as SL.

CHECK LIST-DAY
CLOSE	5360	5 SMA	5283
PIVOT	5369	5EMA	5316
HI EMA	5327	10EMA	5331
LOW EMA	5275	13EMA	5338
prev HI	5420	26DEMA	5314
prev LOW	5327	20 Hr MA	5303
20 DMA	5399	50 Hr MA	5310
50 DMA	5161	100 Hr MA	5386
200DMA	5168	200 Hr MA	5370

	Trade Table
Current pattern	X-A	B(current)
Bullish Crab Pattern Developing	4531-5629	5171
Trade initiated	SL close below Day HEMA 5327
Bought at 5180NS	Proj for C
	38.20%	5346.00
	50.00%	5400.00
	61.80%	5454.00
	78.60%	5530.00
Booked shorts on 7th mar and initiated Long

IMPORTANT TA parameters for projections
50.00%	5400.00	Month HEMA
61.80%	5454.00	Week HEMA
78.60%	5530.00

Analysis for Feb 24

INTRADAY UPDATe 11.00AM:
BULLISH CROSSOVER IN DAY MA CHARTS:

Intraday Update 10.45 AM:
INitiating an Agressive Buy for Intraday at 5485NF/ 5442NS  with SL Hour close below 5430 NS.

Intraday Update 10.30 AM:
Partbooked at 5458NS trailing the SL to Hour close above 5482 Day LEMA.

ANALYSIS FOR FEB 24:
Nifty Has closed below the Week Pivot lvels and Day Pivot/Day HEMA and Day 5EMA.

Important Support levels for the Upmove to continue:
100 Hr MA -      5438
Week HEMA -   5445
Month HEMA - 5417

Important Resistances:
Developing Week Pivot - 5522
                   Day 5EMA -  5511
                      50 Hr MA - 5522
                   Day HEMA - 5566

BEARISH SHARK PATTERN WEEKLY TF:

Bearish Shark pattern:OX - 5740 - 4720
A = 5400 = 61.8%retr of OX
B (current) = 4531 > 113% retr of AB & equal to 127% retr of OA
Proj for C:
113% of AB - 5512.97
88% of OX - 5623 - DONE

The initial target of 5630 - corresponding to the 88.6% retr of the leg OX is achieved.

Nifty has made a l;ow of 5457 NS corresponding to the channel support in weekly charts. On  close below this level - corresponding to week HEMA - firther porjections can be made for downsides. HOLDING ABOVE 5450 LEVELS THE UPMOVE IS LIKELY TO CONTINUE FOR TARGETS NEAR 5700++

DAY channel chart:

Hour chart:

Nifty is trading between 50 HR MA -5522 and 100 HR MA - 5438. Break below 5438 more downsides

 possible.

HOUR CHANNEL:



AGGRESSIVELY SHORT FROM YESTERDAY AT 5510NS WITH TODAY'S SL CLOSE ABOVE DAY 5EMA - 5515NS

Week levels		week Developing levels
CLOSE	5564	CLOSE
PIVOT	5507	PIVOT	5522
HI EMA	5356	HI EMA	5445
LOW EMA	5146	LOW EMA	5251
5 EMA	5317	5 EMA	5392
5 SMA	5305	5 SMA	5172
PrevHigh	5607	High	5630
Prev Low	5351	LOW	5461

CHECK LIST-DAY
CLOSE	5483	5 SMA	5536
PIVOT	5494	5EMA	5511
HI EMA	5566	10EMA	5473
LOW EMA	5482	13EMA	5441
prev HI	5537	26EMA	5308
prev LOW	5461	50 Hr MA	5522
100 DMA	5016	100 Hr MA	5438
50 DMA	5024