Analysis for July 13

Nifty has closed below the Day Pivot, Hema and Lema. Today at EOD if the Week High EMA @ 5271 is taken out then the upmove is likely to continue - A break below the developing Week 5 EMA @ 5210 levels would be a confirmation for the breakdown of the rising wedge.

SL FOR SHORTS TAKEN ON JULY 11 AT 5330 NS REVISED TO EOD CLOSE ABOVE 5275 - WEEK HEMA.

Developing Week Levels
CLOSE
PIVOT	5267
HI EMA	5271
LOW EMA	5131
5 EMA	5212
10 EMA	5167
PrevHigh	5349
Prev Low	5218

CHECK LIST-DAY
CLOSE	5235	5 SMA	5296
PIVOT	5238	5EMA	5283
HI EMA	5304	10EMA	5269
LOW EMA	5259	13EMA	5254
prev HI	5262	20 Hr MA	5291
prev LOW	5218	50 Hr MA	5296
10 DMA	5295	100 Hr MA	5246
20 DMA	5211	200 Hr MA	5151
100  DMA	5182

Analysis for JULY 11

INtraday Update 2.15 PM:

Break of today's current low of 5302 low will be breakdown of Rising Wedge!!!

Analysis for July 11:
Nifty has closed above the Pivot, Day Hema and 5 EMA. It has almost reached the top of the Rising wedge with Month HEMA at 5342 as a big resistance,

DAy charts and Hour Charts also exhibits -ve divergence and are in OverBought zone. So Caution with Longs is a must.

Aggressive Shorts taken at 5330 NS with SL Hourly close above 5345. It would be carried as positional Shorts if the EOD close is below 5345-50NS.

CHECK LIST-DAY
CLOSE	5345	5 SMA	5313
PIVOT	5326	5EMA	5307
HI EMA	5320	10EMA	5270
LOW EMA	5269	13EMA	5249
prev HI	5349	20 Hr MA	5301
prev LOW	5285	50 Hr MA	5297
10 DMA	5270
20 DMA	5193

Analysis for july 9

Returned from Kashi, Allahabad,dip in Holy Ganges trip Yesterday. Very very nice experience in Ganges and triveni sangamam.  After visiting the place I felt it is a must for anyone to see the beauty of Ganga. The only factor which worried me a lot is the untidiness of the place and pollution!! Will there be a way for Mother Ganga to be clean???

Nifty Has closed just above the Day and week 5 EMA and Hema - exhibiting Bullishness. It has completed a 61.8% Golden ratio retracement for the fall from 5629 - 4770. The Month Hema is ar 5325 and an EOD close above this would be very Bullish. But Caution is required with Longs as all Indicators are in Overbought zone and a little cooling off can be expected.

Todays trading range:  5265- 5295 - 5310 - 5325 - levels Day LEMA - Day 5ema - Day Hema - Month Hema respectively.

I shall update the charts and the harmonic formation charts after EOD.

Aggressive Trades:

SELL BELOW 5300 WITH SL Hourly close above 5325 -  +20 Pts + Day HEMA
BUY ABOVE 5270 WITH SL Hourly Close below 5350 - -20 Pts  Day LEMA

Week Levels
CLOSE	5317
PIVOT	5305
HI EMA	5232
LOW EMA	5087
5 EMA	5200
10 EMA	5151
PrevHigh	5334
Prev Low	5263

CHECK LIST-DAY
CLOSE	5317	5 SMA	5303
PIVOT	5311	5EMA	5294
HI EMA	5308	10EMA	5249
LOW EMA	5262	13EMA	5225
prev HI	5327	20 Hr MA	5306
prev LOW	5288	50 Hr MA	5268
10 DMA	5232
200 DMA	5074

Analysis for June 27

Nifty Range bound between 5160-75 and 5100-5080. Breakout above 100 DMA or breakdown below 5085 is required for further moves. Till then TRADING TIME

CHECK LIST-DAY
CLOSE	5121	5 SMA	5133
PIVOT	5177	5EMA	5123
HI EMA	5156	10EMA	5106
LOW EMA	5091	13EMA	5093
prev HI	5135	20 Hr MA	5138
prev LOW	5096	50 Hr MA	5120
50 DMA	5054	100 Hr MA	5097
200 DMA	5074	200 Hr MA	4999
100  DMA	5195
20 DMA	5043

	Trade Table
Current pattern	X-A	B	C(current)
0-5 pattern and Butterfly pattern (week)	4804 - 5020	4770	4195
Trade initiated	SL EOD close above Day HEMA 5160 NS
Shorted at 5190NF (jul) on june 25	Proj for D
	38.20%	5032.00
	50.00%	4980.00
	61.80%	4930.00

Analysis for June 26

Nifty got resisted at 100 DMA and fell to close below the Pivot, 5EMA and HEMA.

	Trade Table
Current pattern	X-A	B	C(current)
0-5 pattern and Butterfly pattern (week)	4804 - 5020	4770	4195
Trade initiated	SL EOD close above Day HEMA
Shorted at 5190NF (jul) on june 25	Proj for D
	38.20%	5032.00
	50.00%	4980.00
	61.80%	4930.00

CHECK LIST-DAY
CLOSE	5115	5 SMA	5130
PIVOT	5138	5EMA	5125
HI EMA	5166	10EMA	5103
LOW EMA	5089	13EMA	5089
prev HI	5195	20 Hr MA	5140
prev LOW	5106	50 Hr MA	5117
50 DMA	5056	100 Hr MA	5084
200 DMA	5196	200 Hr MA	4991
100  DMA	5073
20 DMA	5037