Analysis for july 19

Nifty has  found support at the 100 DMA levels yesterday and has closed above the Day Lema and Day 5EMA.

50% positional shorts were booked out at 5190 levels yesterday and aggressive longs initiated at the same levels with SL below 100 DMA. and today covered the rest in opening 5250NS.

 Retracement to be watched for the Longs taken -                   50% -5259
                                                                                               61.8% - 5280
                                                                                               78.6% - 5310
                                                                                               88.6%- 5328

Buy again in ranges of 5200 levels with SL 5180 EOD

Today EOD close below the Day HEMA below 5250 would set in weakness again.

CHECK LIST-DAY
CLOSE	5216	5 SMA	5214
PIVOT	5203	5EMA	5223
HI EMA	5250	10EMA	5235
LOW EMA	5197	13EMA	5233
prev HI	5223	20 Hr MA	5206
prev LOW	5169	50 Hr MA	5249
10 DMA	5264	100 Hr MA	5266
20 DMA	5231	200 Hr MA	5189
100  DMA	5169
200 DMA	5092