SMO SAR for Nifty ji: for 11th May'12

CMP: 4965.7

Its the same story ... 

Lifo Fibbo + SMO SAR =   Price Warrior's Lode-star !


Today was owned , absolutely creamed by Lifo-Fibbo ..

Ysday had blogged , will look to sell on all rises towards 5DLEMA (5025)

Today @ 13:00hrs, went short when price failed to trade :-
1. Above 5DLEMA ; and
2. Broke below & closed < 34EMA, 30mins @ 5022

Closed all shorts @ 61.8% Fibbo support .. 4950 --> 60 NS pts in the bag in 1 hr !

Anyways, the SMO SAR - LPFt once ready for display, shall visually exhibit the Entry / Exits ...


SMO SAR VERDICT:

SMO SAR EOD : 5030

No open positions, so what do i do ?
1. For Bears:
5DEMA is wid -ve d/dx, so SELL on Rallies towards 34EMA @ 5014,
Tgts : 4940 / 4864

2. For Bulls:
Tomo is Friday, time to see if 4940 can hold, we may get a bounce on close > 5014 on 30mins &  close > 5030 EOD

Tgts : 5068 / 5146

cheers

SMO SAR for Nifty ji: for 10th May'12

CMP: 4975

5DEMA is still wid -ve dy/dx

Since I have booked all shorts, I will either :-

1. Look to Re-enter shorts on Rises (closes towards 5DLEMA / 5DCEMA) ; or
2. Looks for supports @ 4940, & go long if it holds & we close > 4975 (todays close) @ EOD

SMO SAR VERDICT:

SMO SAR EOD = 5061

1. Price closed < 5DLEMA , & 5DEMA is -ve... carry shorts

Support zones : 4940 / 4864

Talk on Longs only once we find a support zone ... & that too, only if we get triggers from
1. Lifo-Fibbo ; or
2. SMO SAR Hr TA Bull x-over

cheers