CMP: 5114
Possible Reversal developing (Day TA yet to confirm Bullish-ness of Hrly TA, @ EOD)
30mins TA :
Lifo-Fibbo: 2 hlf hr candles close > 34EMA @ 5094.4
Hr TA: 5-10hrEMA has almost Given the BULL X-over
Day TA : 5DEMA will reverse if we close EOD > 5155 (still -ve @ present)
SMO SAR VERDICT:
SMO SAR EOD : 5155
1. Go LONG on Hr close > 5099,
SL 5095 (34EMA, 30mins) , and Morph the Trade to SWING in case we close > 5155 EOD
2. Day close > 5DLEMA (High probability of Reversal in play)
3. Else, go SHORT on close < 5095, SL : 5115 , Tgts : 5000
Supports : 5088 / 5099
Resistances : 5146 / 5182 / 5225
cheers
Possible Reversal developing (Day TA yet to confirm Bullish-ness of Hrly TA, @ EOD)
30mins TA :
Lifo-Fibbo: 2 hlf hr candles close > 34EMA @ 5094.4
Hr TA: 5-10hrEMA has almost Given the BULL X-over
Day TA : 5DEMA will reverse if we close EOD > 5155 (still -ve @ present)
SMO SAR VERDICT:
SMO SAR EOD : 5155
1. Go LONG on Hr close > 5099,
SL 5095 (34EMA, 30mins) , and Morph the Trade to SWING in case we close > 5155 EOD
2. Day close > 5DLEMA (High probability of Reversal in play)
3. Else, go SHORT on close < 5095, SL : 5115 , Tgts : 5000
Supports : 5088 / 5099
Resistances : 5146 / 5182 / 5225
cheers
Recalib @ 10:AM
ReplyDeleteSELL NIFTY >>>>>>>>>>>>>>>
Lifo Fibbo says so.. 5-10HrEMA says so...
Fast Fall set up !!!!!!!!!
SL hit @ 10:30... 20 pts popped
ReplyDeleteNow, @ 11:30 status is thus:-
1. 5-10DEMA x-over in place
2. Close > 34EMA
Will wait for 12:00 for 2nd hlf hr candle close > 5094 to go LONG
Recalib @ 12:00 :
ReplyDeleteclose @ 5094 , no sense initiating trade , wen its so close
Need to wait for clarity
Dear Shri,
ReplyDeleteYesterday the pattern that emerged on bearish thrust pattern, which was confirmed today by closing lower then yesterday close. THis basically means that downmove will continue, the pace of fall now will accelerate if we continue closing below 5025(MOnth LEMA is suppose).
Also if you remember, last year a close above 4900 took us to 5025 almost all the time. This time i am thinking a close below 5025 should take us to 4900 in next one week or so.
Yo sachin,
ReplyDeletevery well said my buddy,
actually 4940 is our HAWALA level..
breach that and we head way way down !
Lets see how this week pans out... for now firmly -ve on Day,Wk & Mnth TA !!
Today's close is below 5MnthLEMA ... v v BEARISH,.. can show us 4500 again also if it stays this way