Analysis for July 31

Intraday Update 12.30 PM:
RISING WEDGE in BANK NIFTY and NIFTY HOUR CHARTS:

ANALYSIS FOR JULY 31:
Nifty has painted a BULLISH picture with a Close above all Day Parameters - Day Pivot, Hema, 5EMA and LEMA. It was a Channel Breakout today with a GOLDEN CROSOVER - Inching steadily above all Hour - averages and Day 100 DMA to Close just below the 200 Hr MA and 20 DMA. An Hourly Close above the 200 Hr MA above 5205 would be the initial step for the upward momentum to continue.

The above chart clearly shows the Channel breakout with Golden Crossover - 50 SMA over 200 SMA.

Harmonic Pattern:

As per the Continuation of the 5-0 Bullish Pattern (CLICK HERE) - A Highly Bullish picture is seen with targets upto - 5390 - 5450 - 5500, 5600++ levels.

Considering the above chart
ALTERNATE-1 - Continuation of 5-0 Pattern:
Bullish 5-0 pattern:
XA - 4804 - 5020
B - 4770 - 113% retr of XA
Current C - 5349 - approx 224% retr of AB DONE
D - 5032 - 50% retr of BC - DONE
Projection for E:
50%- 5190.5 - DONE
61.8% - 5227.91
88.6% - 5312
113% - 5390
161.8% - 5544

This will fit with the EW scenario -
              Corrective A - 4770 -5349
              B - IF Completed at 5032 (50% of wave A)
              C - min A = 579 points = 5032+579 = 5611

Considering the ALternate -2:
Alternate -2 Development of Bullish Bat Pattern:
XA - 4770 - 5349
B - 5032 - 50% of XA
Proj for C -
50% -5190 - Done
61.8% - 5227
78.6%- 5281
88.6% - 5312

Considering the EW Count- Untill Nifty surpasses the 88.6% retr above 5312 - the above scenario as depicted in chart would Hold good. i.e,

a.B - 5349 - 5032completed at 5032
b.B - 5032 - 52xx - 5312 - yet to be completed 52xx - 5312(currently 50% retr is over)
c.B - 49xx levels.

SYNOPSIS: -CONSIDERING THE BREAKOUT AND BEING THE LAST DAY OF THE MONTH AN EOD CLOSE ABOVE THE MONTH 5 EMA - 5175-5180 LEVELS WOULD TAKE NIFTY TO THE NEXT MONTHLY LEVEL OF MONTH HEMA - 5340++ LEVELS.

 HOLD LONGS TRAILING SL TO 100 DMA - 5154 NS.

	Trade Table
Current pattern	X-A	B (CURRENT)
BULLISH BAT PATTERN	4770-5349	5032
Trade initiated	SL EOD close BELOW 5150
BOUGHT AT 5130NF JULY 27	Proj for C
	50.00%	5190 - DONE
	61.80%	5227.00	Week HEMA
	78.60%	5281.00
	88.60%	5312.00	month Hema

A BULLISH GARTLEY PATTERN HAS DEVELOPED IN BANK NIFTY WITH ST TARGETS AT 10550 - 10650++ (CLICK HERE)

Developing Month Levels
CLOSE
PIVOT	5194
HI EMA	5344
LOW EMA	4932
5 EMA	5182
5 SMA	5189
High	5349
LOW	5032

CHECK LIST-DAY
CLOSE	5200	5 SMA	5116
PIVOT	5179	5EMA	5139
HI EMA	5171	10EMA	5155
LOW EMA	5102	13EMA	5164
prev HI	5207	20 Hr MA	5126
prev LOW	5130	50 Hr MA	5137
20 DMA	5219	100 Hr MA	5190
100  DMA	5154	200 Hr MA	5205
200 DMA	5102

Analysis for July 26

11.30 AM update:
Nifty has found support near 200/50 DMA yesterday and is still hovering above those levels. 50/200 DMA seems to be a good support - giving a Bullish Golden Cross again with 50DMA over the 200 DMA. So terminate the remaining shorts at current levels - 5100 NS. Aggressive Longs can be taken at the same levels with Stict SL at 5095 (below 200 DMA)EOD close. Today being expiry day - but four more trading days for the month to close - Bulls would try to close this month above the developing 5 EMA at 5150-55 levels.

The FALLING WEDGE( CLICK HERE) has broke out - and Holding the low of 5093 - Nifty Likely to move up to the Chanel Top - 5175 - last months 5 EMA.

Short below 5085 if EOD close is below 5090 NS - 200 DMA.

CHECK LIST-DAY
CLOSE	5110	5 SMA	5133
PIVOT	5103	5EMA	5148
HI EMA	5170	10EMA	5180
LOW EMA	5125	13EMA	5189
prev HI	5122	20 Hr MA	5120
prev LOW	5077	50 Hr MA	5175
50 DMA	5099	100 Hr MA	5227
100  DMA	5159	200 Hr MA	5202
200 DMA	5098

Analysis for June 18

Intraday Update 11.15::
As per earlier view Partbooking was done at 5185 NF and rest was booked out totally at 5100NF. As per the 5-0 BULLISH PATTERN (CLICK HERE), THE 161.8% is complete with a high of 5190 today, and started to fall. If the 200 DMA is held in EOD close and subequently if the coming days close ABOVE 5100, then this upmove might continue till the next higher level of 200% or 224% - 5270 and 5330 respectively.

If the 200 DMA is not held, then further fall will lead upto the 50% retracement level for the upmove from 4770 - 5190 which amounts to 4980.

Development of Bullish 5-0 pattern:XA - 4804 - 5020
B - 4770 - 113% retr of XA
Projection for C:
113%retr of AB - 5052
161.8% retr of AB - 5174 -DONE
Present C -5190 - 161% retr of AB
Projection for D:23.6% - 5090
38.2% - 5029
44.7% - 5002
50% -4980

ANALYSIS FOR JUNE 18:
Nifty opened at 200 DMA and moved up and closed above the Week and Day Pivot and Hema's on Friday exhibiting bullishness.

Currently the 50 DMA - 5072 and 200 DMA - 5067 are poised very close such that it might lead to a good fast rise if Bulishness continues. Else if there is a close below 5100 for two consequtive days the 50 DMA would go below 200 DMA - which is popularly called a Death Cross (CLICK HERE) - a Moving Average of Short term Moving below the Long term Moving average.

	Trade Table
Current pattern	X-A	B(current)
0-5 pattern and Butterfly pattern (week)	4804 - 5020	4770
Trade initiated	SL 200 DMA - 5065NS
Re-entered LONG at 5080NF on june 15	Proj for C
	113.00%	5052.00
	161.80%	5174.00
	224.00%	5330.00
Partbooked at 5030 NF on june 7
Part booked at 5135NF on 13 June
SL triggerred at 5090 NS on june 14

PARTBOOK AT 100 DMA LEVELS - 5190-5200

Week Levels
CLOSE	5139
PIVOT	5100
HI EMA	5097
LOW EMA	4905
5 EMA	5037
10 EMA	5063
PrevHigh	5146
Prev Low	5015

CHECK LIST-DAY
CLOSE	5139	5 SMA	5097
PIVOT	5118	5EMA	5091
HI EMA	5122	10EMA	5051
LOW EMA	5044	13EMA	5035
prev HI	5146	20 Hr MA	5105
prev LOW	5069	50 Hr MA	5077
50 DMA	5072	100 Hr MA	4996
200 DMA	5067	200 Hr MA	4955
100  DMA	5196

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