NIFTY ANALYSIS -

Nifty Has made a High of 6038 - Will it be a temporary TOP??? last Month (CLICK HERE) from the SUPPORT of  5566 (CLICK HERE) Nifty has reached upto 6038 -  Month HEMA. The Charts show major resistance at this juncture. So Taking out 6040 levels at the Month End is the Key for further Upsides. Nifty Had been trading in a tight range for the past two months within Long term Support and Long term Resistances. Breakout on either side would lead to Huge Moves.

TATAMOTORS ANALYSIS

Charts of TataMotors:

Friday's High of 294 has been resisted by the channel. Sustained Upsides only above EOD close 294.
200 DMA support at 288-287 levels. EOD close below this level would warrant more downsides.

HOUR CHART:

Nifty Analysis for 14 june

INTRADAY UPDATE: 2.45 pm:
HOUR CHART:

Nifty has reached upto Week LEMA supassing day Lema and 200 DMA. If EOD close is above 200 DMA then it would be feast for the BULLS.

ANALYSIS FOR 14 JUNE:
Nifty made a Low of 5683 yesterday almost completing a Bullish bat pattern. Monthly LEMA @ 5694 currently provides support. Weekly and Monthly charts trendline supports are at 5630-20 levels. Though all indicators of week, day and Hour are Over Sold, a reversal possibility is still not visible. The weekly parameters seems to be far fetched from the current level of Nifty. A minimal close above Day Lema @ 5770 is needed today ar EOD for signalling a pause in down trend.

WEEK CHARTS:

Weekly charts show supports at 5630-20 levels

DAY CHARTS:

There is a Bullish crossover of 50 MA over 100 MA and currently all averages are bullishly alligned. If Nifty takes support at 5650 levels then a good pull back would be on cards.

Hour charts: All Hour indicators are exhibiting +ve divergences. As per the Hour charts, the channel resistance comes to around 5770-90 corresponding to day Lema and 200 DMA. Any breakout is possible only on an EOD close above 5790 -200 DMA.

5 EMA	5789	HIGH	5730
5 DMA	5801	LOW	5683
200 DMA	5793	CLOSE	5699
HI EMA	5835	50 Hr MA	5847
LEMA	5770	20 Hr MA	5756

Analysis for Oct 11

Nifty has closed below the all Day TA parameters - indicating weakness. If 20 DMA at 5633 extends support then a Buonce could be expected. EOD close above the Day LEMA would mean a sideways consolidation - which also happens to be a channel resistance.

5620 levels is also a likely support - which was previous resistance. Breakdown of 5620 would lead to 5585/5568/5530 levels.

Hour Charts:

Analysis for Oct 10

Nifty is correcting from the High of 5815 and has closed below the Day HEMA for past three days and gaining support at Day LEMA.

Few Charts Showing the Support and Resistances.