Analysis for Nov 4

Intraday Update 3.00PM:

NS has closed above 5280 at 3.00pm. so the shorts initiated yesterday i.e 50% of the shorts are cut now. Shorts which were initiated today are retained with  SL of 5360NF.

yesterday shorts initated at 5255NF. now terminated at 5310NF - Loss of 55 points.

Owing indecisiveness in closing in between the small range of 5257(week Hema) and 5300(Day HEMA) - as precaution a 5300Call option is bought at Rs.110 to hedge the shorts as Monday is a trading Holiday!!


Intraday Update 2.45 PM:

Today's developing
 week Pivot is 5277
Week Hema - 5257
Day Pivot - 5282
Day Hema - 5303

so, If NS closes above 5280 for the DAY then all shorts to be terminated. If it closes below 5257 then shorts would be retained.  will watch until 3.20PM.

Analysis for Nov 3

Intraday Update 10.AM:

The Longs are reversed to shorts as per trade table as the Hour closing is below the Pivot of 5255NS. SL for Shorts intraday - Close above 5260NS

Longs terminated at 5255 NF and Shorts initiated at the same level.

Loss in Longs - 5280NF - 5255NF = 35 Points.

The Day Lema is at 5220NS. NS likely to get intraday bounce from this level upto pivot. More shorts can be added at higher levels.

Intraday Update 1.00 PM:

Current NS Low is 5205 and NF is 5223. breakdown of this is a channel breakdown!!. Will it breakdown or gain intraday support and bounce back ???

Intraday update 2.30PM:

NF found support at 5225 levels bounced back upto 5270 levels. Now a fast fall has developed invalid above 5280.  Added shorts at 5240NS/5270NF with SL same as 5260NS.

Intraday Update 3.15PM:

Nifty seems to be shuttling between the Day Hema and Lema. 3.00PM close is just at 5260. Currently today's close seems to be above the 5260 NS which is above the today's developing pivot. But the Day Hema is not taken out and close will be below the Day Hema of 5286 which also happens to be the week Pivot. So taking these factors into considerations the Shorts are held positionally.

 

CHECK LIST-DAY
CLOSE	5258
PIVOT	5255	10EMA	5209
HI EMA	5297	13EMA	5183
LOW EMA	5220	26EMA	5118
5EMA	5256	prev HI	5300
5 SMA	5281	prev LOW	5205
100 DMA	5232
200 DMA	5401
20 Hr MA	5289	50 Hr MA	5223

Analysis for Nov 2

Weakness if NS closes below Day Lema @ 5220. Holding above 5220 and trading above Pivot would add strength.

Analysis for 1 Nov 2011

The Monthly close yesterday was well above the Monthly pivot, 5EMA and Month Lema. NS is yet to reach the Mnth Hema @ 5484.

The Month Parameters are,

Month Levels
CLOSE	5328
PIVOT	5152
HI EMA	5484
LOW EMA	4930
5 EMA	5273
5 SMA	5280
PrevHigh	5401
Prev Low	4729

Analysis for Oct 31

Due to the Huge gapup opening on Friday NS reached near the much awaited 200 DMA to make a high of 5400.

WEEK Chart:

TRADE TABLE EVALUATION

DATE	BUY	SELL	SL TRIG	Part PR/LOSS	Profit/loss	POINTS
Sep-30		4970
Oct-03				4835		135
			4850			120
	4855		4832			-23
		4850
Oct-04			4860			-10
	4765
Oct-05				4830		65
Oct-07					4925	160
Oct-10		4930	4950			-20
	4930			4980		50
Oct-11				5050		120
					4965	35
Oct-12		5050	5070			-20
Oct-13		5125		5070		55
Oct-14			5145			-20
Oct-17	5110
Oct-18			5060			-50
		5085			5035	50
Oct-19		5110
Oct-20					5045	65
	5045			5090		45
Oct-21					5110	65
Oct-25	5170
Oct-28					5380	210
				Total Points	profit	1032