BANK NIFTY ANALYSIS

Intraday Update 2.00 PM

The Diamond pattern became a busted pattern and again today support well found at 18830 - SPOT levels.
19050 spot- knocking for the fourth consecutive day - CAUTION with SHORTS.

TATAMOTOR ANALYSIS

Tatamotors has reached the Initial -  Medium term Resistance level of 472 - yesterday's High as per weekly charts. Next major resistance would be 480-485.

If resisted at 472 - then 460-456 Week HEMA would be tested
If breakout above 472 - then it would lead to 480 -485-490.

TATAMOTORS ANALYSIS

Diamond Pattern has given a breakout with huge volumes. This Breakout would sustain Holding 445. Below 445 - it would fall within the diamond again.

TATAMOTORS ANALYSIS

Tatamotors Update 12.00noon:

TATAMOTOR ANALYSIS:

A diamond pattern has formed in Tatamotor Hour charts.
Breakdown below 407.3 - targets 398-96
Breakout above 413 - targets - 421-424

Tatamotors analysis

For TATAMOTORS ANALYSIS CLICK HERE

11.00 AM update:

Analysis for Sept 28

Nifty is fixed within a very narrow trading range of 5640-5720. Now for Charts:

ANALYSIS FOR SEPT 3

Nifty ended the Month at a low of 5259 - just at the support of 50 day MA and Week LEMA - keeping the bulls hopes alive.

As mentioned earlier Nifty is currently at the support level of 5230-40.

DIAMOND PATTERN IN DAY CHARTS: to know about diamond patterns CLICK HERE

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 JAN 5

Intraday Update: 3.00PM:
Reinitiated 50% longs at 4742NF with 4715 Day EMA as SL.

Diamond pattern update:

Close below 4715 yestersday's Day 5EMA or close below the today's developing day Ema at 4725 will reverse the ST trend to downwards as it will have breached the Month Lema also.

ANALYSIS FOR DEC 16

DIAmond pattern update:

Bank Nifty 5min futures Diamond pattern:

Breakout above 8570-90 BNF. Breakdown below todays low of 8431.

Analysis for Oct 14

Nifty after reaching a High of 5137 few minutes after opening, gradually moved southwards to a low near the Day's Pivot of 5069 and closed below the Weekly Hema of 5080.

Strength for Upward journey would be possible if the weekly Hema 5080  is conquered and also trading above the today's  pivot of 5094.

A move below 5030 - 50 DMA would weaken Nifty further which might lead to low's of 20 DMA - 4978 and lower upto Month Lema of 4930.

-ve Divergence is persistence in Hour charts.

Analysis for Oct 4

Nifty started the October month with a huge gap down and it could not reach the Day Lema during the intraday Bounce and it closed below the Day Pivot, Lema but managed to close above the Week Lema. A close above the Day pivot of 4851 would help Nifty gain some upward momentum.

Important Day Parameters:

CHECK LIST-DAY
CLOSE	4850
PIVOT	4851	5EMA	4923
HI EMA	4969	10EMA	4950
LOW EMA	4881	13EMA	4961
5 SMA	4942	26EMA	5007
20DMA	5016	prev HI	4879
50 DMA	5118	prev LOW	4824
50Hr MA	4912
100Hr MA	4981

Diamond pattern in NF hour

Diamond pattern is formed in NF hour. The breakout must be with increased volumes.
It will breakout above 5520 NF and breakdown below 5580NF.

Bank Nifty weekly Pattern

In Bank Nifty Weekly charts when the OHLC candle chart is taken it forms a Diamond Pattern. Whereas when the close values are charted then an expanding trainagle is in the making.