iCharts Discussions

[Sahil_investor]

NS Plan for the day

Above 6142:6229,6252,6343
Below 6068:5971,5957
5/12/26ema:6160,6182,6122
50sma: 5962
Wk:
5/12/26ema:6141,6012,5914

NS is falling and yesterday made a minor pivot, 6142, and hourly STS is under 20 with no divergence.
On day price closed below 6122(26ema) with sts and rsi falling. Price is also below 6141(5wk. ema).
If market continues its fall next support numbers will be 6012(12ema) and 6024-39(5wk.lema zone). If price makes a rise, day 26ema and 6141 (5D.lema, wk.ema) will act as likely resistance.
Keeping below 6103 (M.pivot) is a sign of weakness at month t/f.


Resistance:
Above 6096(D.pivot)- 6103(M.Pivot), 6122(Dev.wkema), 6141(DLEMA also wk.ema), 6160(DEMA also 21hr.sma), 6189(Wk.Pivot), 6194(34hr.sma)
Fib: 80% retrace from 6142-6068 is at 6127, Even 6142 will be essential as DLEMA & wk.ema is exactly there. Only above which a larger retrace from 6289 should be considered.
P.resistance: 6124, 6170, 6198

Support:
Below 6096(D.pivot)- 6024-6039(5Wk.LEMA), 5966-5909(MEMA)
Fib: A larger retrace from 5701-6343 gives 50, 61.8% at 6022 and 5946.
P. support: 6073, 6050, 6022, 6005

[Sahil_investor]

BN plan for the day

Above 10940: 11034,11219,11286,11736/11812
Below 10674: 10537,10071,10037,9587
5/12/26ema: 11027/11080/10872
50/100/200sma:10397/10504/11342
Week
5/12/26ema:10928/10690/10843

On hour BN is down. Only above 5Hourly.hema, 10864 and sts being above 20 can be considered as a change in trend on hour t/f. On day price closed below 10872(26ema) with MACD being down, 26ema will act as a resistance if price rebounds. Next important numbers as supports from day and week t/f is 10504( day100sma) and 10690( wk.12ema). 10507-10563 is 5wk.lema
Keeping below 10856(M.pivot) means weakness in Month t/f.

Resistance:
Above 10791(D.pivot), 10864(H.HEMA), 10934(D.LEMA), 11015(D.EMA)
Fib: Any kind of bounce should be managed with retrace from 11399-10675 which has 10950, 11037, 11122 (38.2, 50 and 61.8%)
P. resistance: 10908, 11057, 11174

Support:
Below 10791(D.pivot), 10507-10563(Wk.lema)
Fib: Retrace from 9583-11736 gives 10660 and 10405(50-61.8%)
P. support: 10642, 10591, 10525

[shanticomq]

Hi sahil

can u give plan for NF?

Thanks in advance

sanjay

[Sahil_investor]

@sanjay I use Nifty spot chart to execute trades on Nifty Future.
I find Nifty spot values useful and helpful.

[shanticomq]

ok boss thanks for prompt reply

[Sahil_investor]

NS closes below WLEMA zone(6024-6020) & near to 12wk.ema (6012)

Above 6109:6134,6142,6229
Below 6012:5971,5957,5937
5/12/26ema:6112,6157,6114
50sma:5974
Wk:
5/12/26ema:6141,6012,5914

I have added Hi-lo ema's and added week and month chart. Price being below Lo-ema's in all t/f (except month) represents the bearish nature of price. Keeping the same in mind, added EW counts on hour.

[Sahil_investor]

BN goes below 12wk.ema

Above 10860: 10889,11034,11219,11286
Below 10543: 10537,10071,10037,9587,9583
5/12/26ema:10968/11053/10859
50/100/200sma:10394/10502/11341

Week-
5/12/26ema:10928/10690/10843

[Sahil_investor]

NS- plan for the day

Above 6109:6134,6142,6229
Below 6012:5971,5957,5937
5/12/26ema:6112,6157,6114
50sma:5974
Wk:
5/12/26ema:6141,6012,5914

Yest. NS made a high of 6108, with 50% at 6105 and 61.8% at 6113.54 and then fell below the previous pivot. A small rise was again seen which made a minor pivot of 6094 (within retrace from 6108-6055) and continued its downward journey. Hourly sts is still below 20 with no +ve divergence. Price on daily is well below 6114,26ema (will act as resistance if price rise) and 5-D sts is near to oversold levels. A very close support for price is 6012, week 12ema and then 5974, 50sma. If price does not move above 6022(50%) the next important fib. retrace is 5946(61.8%)


Resistance: Above 6046(D.pivot), 6098(DLEMA), 6103(M.pivot), 6111-31(DEMA+20), 6101-6143(Wk.EMA zone).
Fib: The minor pivot fib. retrace from 6094-6012 will be effective to manage shorts.
6043, 6053, 6063 (38.2, 50 and 61.8%) and 6078(80%)

P. resistance: 6073(WeekS1 turned resistance),6080, 6143, 6177



Support: Below 6046(D.pivot), 5974(50sma),5971(Day num.), 5945-5909(M.ema zone), 5914(Wk.26ema)
Fib: The larger retrace from 5701-6343 gives 6022, 5946 (50, 61.8%)
P. support: 6005, 5984, 5949,

[Sahil_investor]

BN plan for the day

Above 10860: 10889,11034,11219,11286
Below 10543: 10537,10071,10037,9587,9583
5/12/26ema:10968/11053/10859
50/100/200sma:10394/10502/11341
Week-
5/12/26ema:10928/10690/10843

BN is falling and is keeping sts under 20. On day price closed below 10804,D.LEMA and is well below 10860,26ema and also 10690,week 12ema. No positive divergence yet on Hour. Next support number on day is 10502,100sma.

Resistance: Above 10662(D.pivot), 10804(DLEMA), 10856(M.pivot), 10871(DEMA), 10813-10928(WK.ema zone)
Fib: A retrace from 10841-10543 gives 10656, 10692, 10727 (38.2, 50 and 61.8%) and 10781(80%)
P. resistance: 10781, 10979

Support: Below 10662(D.pivot), 10507-10519(Wk.lema), 10502(100sma), 10537,(Day.num)
Fib: A retrace from 9583-11736 gives 10405 (61.8%)
P. support: 10591, 10464, 10345, 10269

[Sahil_investor]

BN plan for the day

Above 10652: 10889,11034,11219
Below 10412: 10071,10037,9587,9583
5/12/26ema:10760/10930/10827
50/100/200sma:10460/10478/11322
Week
5/12/26ema:10928/10690/10843

Yest.made a low of 10412,very close to 61.8% with a close at 10524 above 100sma (yest. at 10502). On hour, a positive divergence is visible. Considering the oversold Daily stoch., the +ve divergence may be effective but then there are instances when divergence have failed.

End of week is here, A close above 10507-10476(wk.LEMA) is a sign of pause in this downtrend and above 10793(Dev.wkema, which will include 10760,DEMA) will be a reversal.
One needs to be cautious with there shorts and manage it with Fib. retrace from 10652-10412(present low). Above 10529(D.pivot) which is also 50% of retrace strength will be there, If above 10604(80%) exit should be done.
And a bigger retrace from 10940-10412 should be used which has 10613, 10676 and 10738 (38.2, 50 and 61.8%) and 10834(80%). 10673 is DLEMA and 10760 (DEMA) itself is a resistance number, A weakness,if any can be used for shorts.
10827 is presently 34hr. sma.


Supports: Below 10529(D.pivot), 10507-10476(Dev.wklema) is accompanied by 10460 and 10478 (50-100sma)

[Sahil_investor]

NS after taking support on 50dsma with oversold day and hourly +ve divergence starts a relief rally.

Above 6102:6142,6229
Below 6037:5971,5957,5937
50/100/200sma:5995,5854,5863
5/12/26:6066,6119,6101
Week:
5/12/26ema:6112,6019,5925

[Sahil_investor]

BN ends the week keeping below W.ema indicating bearishness intact and the day below HEMA indicating a "sell on rise"

Above 10892: 10889,11034,11219
Below 10661: 10537,10071,10037,9587,9583
5/12/26ema:10777/10912/10826
50/100/200sma:10494,10472,11312
Week
5/12/26ema:10889/10708/10841

[Sahil_investor]

Unable to post plan for the day, technical problems and busy environment at work.
Will try to be regular.

[Sahil_investor]

Nifty closes day below 5 and 12ema with an evening star candlestick pattern.

Above 6204:6212,6229,6252
Below 6107:6093,6079,5972,5957,5937
50sma:6037
5/12/26ema:6134,6138,6115
Week:
5/12/26ema:6112,6019,5925

Plan for 21-11:
Yest. Spot closed at 6123. Currently above week's crucial ema's. On day, price above 6115(26ema),6037(50 sma) but below 6134,6138(5&12ema), MACD and RSI-14 is with a negative crossover but STS 5-D is +ve. Candlestick pattern resembles an evening star formation.
On hour, STS 35-D below 80, price fell from wedge and is marginally below 34hr.sma(6126).
Keeping below 34hr.sma price may fell downwards.
Important retrace for the fall will be from 5972-6212 and if any rise should be managed with 6204-6107.

Resistance: Above 6145(D.pivot), 6185(HHEMA), 6181-6201(DHEMA+20), 6196(Dev.MHEMA), 6203(WHEMA)
Fib: 6204-6107 has 6156,6167 and 6185(50, 61.8 and 80%)... Above 6185 retrace from 6343-6107 will be essential
P.resistance:6141, 6182, 6225, 6242, 6280, 6309

Support: Below 6145(D.pivot), 6107-6087(DLEMA-20), 6103(M.pivot),6057(Wk.pivot), 6040(Dev.WkLEMA), 5980(MEMA)
Fib: 5972-6212 gives 6121,6092,6064 and 6020(38,50,61.8 and 80%). Below 6020 larger retrace from 5701-6343
P.support: 6085, 6047,5972,5889

[Sahil_investor]

Intraday Update @11.19-
If spot current low holds or stays within the range 6047-6027(6047 being P. support and 6040(dev.wklema) with 6057-6037(Wk.pivot-20), we can see a bounce should be managed with a retrace from 6204-6038(or the new low)