Wednesday, May 29, 2013

My View on Nifty Future for Expiry Day - 30th May 2013

TODAY        
29-05-13 6113.40 6113.40 6055.55 6090.25 12157 6102 6044
  xOpen
DATE HDWM 5HEMA 5LEMA 5CEMA B/BD S/SR CLOSE UP DN
29-05-13 HA 6123 6027 6078 BPS SR 6077    
         
MAY'13 M 6078 5703 5904 BB X   UP 5929
31-05-13 W 6118 5911 6032 BD BPL   6239 5972
29-05-13 D 6111 6029 6080 BD BPL   6130 5972
      21SA 34SA
29-05-13 16:00 H 6091 6069 6079 BD BPL 6085 6067 6036
                   

L/S T/F CLOSE 5DCEMA 5WLEMA 5WHEMA
LONG TRUE 6090 6080 5703 6118
LG SQ UP FALSE 6090 6080 5703 6118
   
SHORT FALSE 6090 6080 5703 6118
SH SQ UP FALSE 6090 6080 5703 6118
   
NO LONG FALSE 6090 6029 5911 6118
NO SHORT FALSE 6090 6111 5911 6118
Hint is Bullish View with Target of 6118 with SL of 6080 for intra-day.
6080 is also 5 days' Close EMA.
Better to keep SL of 6032 - 5 weeks' close EMA.  
So long as Close is above Monthly High EMA of 6078 at Close Level, there seems to be no signal of Profit-booking in Longs. 

As Projected High-Low for tomorrow is 6102-6044 as per Thomas Demark Theory, it would be ideal to BUY at Declines, with SL of 6032.


 

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