Analysis for Sept 4

INTRADAY UPDATE:
Bank Nifty at Trendline Support:

ANALYSIS FOR SEPT 4:

Nifty has closed below the 50 DMA and all other Day parameters presenting a bleak picture. Supports at 5230-20 levels. An EOD close below these levels would drag Nifty further down to 5150 levels.

An Hourly close above the Day Pivot/ Day Lema @ 5265 levels would be the first hint of strength.

The Aggressive SL for the Longs taken is Hourly close below 5250NS. Positional SL would be an EOD close below 5200NS - based on trendline support and Month 5EMA @ 5214

Stop Loss for existing shorts would be EOD close above 5300NS.

If Nifty gains strength above 5290 and has a Hourly close above 5290, then Fresh Longs would be taken in case SL hits before.

CHECK LIST-DAY
CLOSE	5254	5 SMA	5290
PIVOT	5264	5EMA	5289
HI EMA	5328	10EMA	5313
LOW EMA	5268	13EMA	5316
prev HI	5296	20 Hr MA	5270
prev LOW	5243	50 Hr MA	5317
20 DMA	5335	100 Hr MA	5348
50 DMA	5260	200 Hr MA	5281
100 DMA	5161

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 AUG 31

INTRADAY UPDATE 2.00 PM:
5240NS achieved. Aggressive Longs are taken at 5242NS (5275NF) with Stoploss 5220NS EOD - Break of Month 5EMA -

Stoploss for existing Shorts trailed to EOD close above 5310NS - above Current Day LEMA and Day 5EMA.

INTRADAY UPDATE 10.45 am:

BULLISHLY ALLIGNED MOVING AVERAGES
Possibility of Fast Rise between 50 and 100 Ma averages and 20 and 200 MA's.
An Hourly Close below the 200 Hr MA - currently 5277 - signals weakness.

Analysis for Aug 30

Update 3.10 PM:
Booked out aggressive longs at 5310NS

UPDATE 2.45 PM:

NIFTY TESTING THE TRENDLINE - Support at 5240-50 levels. If supported the upmove would resume. 

Analysis for Aug 29

HAPPY ONAM TO ALL!!!

Intraday Update 2.00PM:

As presented in the morning view, shorts were partbooked at 5295NS and aggressive Longs sttempted at same levels (sept NF - 5340) with SL 5270 NS Hourly CLOSE corresponding to 200 Hr Moving Average.

STOPLOSS FOR CURRENT SHORTS TRAILED TO 5350NS - EOD CLOSE CORRESPONDING TO DAY 5 EMA.

ANALYSIS FOR AUG 29:
Nifty moved down to 5315 yesterday - trying to gain support at weekly Ema but has closed below the Day Lema of 5346.  On a break of 5310, Nifty might test 5265-70 - weekly Lema. The Oversold Hour TF might produce a Pull back owing to expiry pressure. The past two weeks was in the hands of Bulls and they would not give up so easily. The week Hema is 5365 and the Month Hema is 5380. Bulls would try to conquer this level owing to
a) Expiry,
b) Week End and
c) Month End.

The Day Hema is 5392 and Day Lema is 5346. Today a close above the Day LEMA 5346 would give a temporary pause for the downmove and put Nifty in side ways.

The Stoploss for the shorts initiated at 5390NS on 27th (SeptNF 5420) is 5380NS on closing basis.
PARTBOOKING is prudent at  5280-5300NS.
Aggressive Longs can be attempted at 5280 - 5300 NS with strict SL 5260 NS and can be booked out at 5320, 5340 or 5360 levels corresponding to week 5 EMA, Day LEma and week Hema levels.

Analysis for Aug 27

Intraday Update: 1.45 PM:

Hour Chart:

The current Low of 5365 is  supported by the Channel. Day Lema is 5369, Month High EMA is 5379, 13 Day SMA is 5364. If Nifty gains support at this level - being expiry week and month end, a pull back is possible.

Analysis for Aug 27:

Nifty has given mixed signals with weak Day TA by closing below the Day HEMA and Day 5 EMA, and a strong WEEK TA with a close above the week HEMA and week 5 EMA.

Going by the Day signals 50%  Short is initiated at opening 5390NS with PositionalSL 5455 NS. Though the Sl seems to be large with 50 Points, being the expiry week and month end too - the risk is taken.

Shall upload the charts later.

would add to shorts upto level - 5430-45NS. with SL -5455 NS.

EID MUBHARAK !!!!