Analysis for Feb 29

Intraday Update 2.15 PM:
Partbooked at 5430NF and trailing SL to Day Close above 5401 - Month HEMA. Today being the Month Close.

INTRADAY UPDATE 12.15PM:
Shorted at 5485NF/5430NS SL Close above 5450NS - week HEMA.

Intraday Update 10 25 AM:

NIFTY has retraced back upto the channel todays 10.00 am High of 5458 - Corresponding to the Week HEMA.
Breakinto the channel would give good upmoves upto 5700 ++
If the channel line is respected then downmoves to continue.
RESISTANCES at THIS LEVEL:
Week HEMA - 5448
Day HEMA - 5475
Hour 100 MA - 5450
50% retracement forthe downmove from 5629 - 5268 -5447

ANALYSIS FOR FEB 29:
Bullish Gartley Hour TF:

Based on the Intial Hour Closing the next  trade can be generated Aggressively and could be converted positionally based on DayCLose.

Month Developing levels
CLOSE
PIVOT	5388
HI EMA	5401
LOW EMA	4843
5 EMA	5151
5 SMA	5072
High	5630
LOW	5159

CHECK LIST-DAY
CLOSE	5376	5 SMA	5415
PIVOT	5358	5EMA	5403
HI EMA	5475	10EMA	5421
LOW EMA	5365	13EMA	5411
prev HI	5391	26EMA	5319
prev LOW	5306	20 Hr MA	5372
20 DMA	5401	50 Hr MA	5484
50 DMA	5062	100 Hr MA	5448

	Trade Table
Current pattern	X-A	B
Bullish Gartley Pattern	5076-5629	5268
Trade initiated
	Proj for C
	38.20%	5405.90
	44.70%	5429.00
	50.00%	5448.00
	61.80%	5491.00
Booked at 5285NS on Feb 27

IMPORTANT TA parameters for projections
38.20%	5405.90	Month HEMA
44.70%	5429.00	Week HMA
50.00%	5448.00	week HEMA
61.80%	5491.00	Day HEMA