1. Supports are at about 5769,
5737, 5701 and 5684. Resistances are at about 5801, 5812 and 5910. Two unfilled
gaps on higher side are at 5855 and 5943. Three likely +WWs give about 5796,
5846 and 5883 (other +WWs with higher targets are not mentioned as of now).
Three likely -WWs give about 5774 (once below 5801, which is yet to be
reached), 5754 (once below 5790) and 5714 (once below 5744) (-WWs with much
lower targets are not mentioned presently). A bullish flag gives higher levels
unless killed below 5756. A rising wedge can give about 5725 in case of a BD if
nifty remains below 5782.
Nifty rose sharply to close nearer to
5800. There is a mild +ve div on STS, CCI and RSI on daily chart. Daily candle
is a bullish Marubuzo. Bulls will hope that it now closes above 5835 to give
first hint of further rise. Bears will hope for a close below 5700 again. Only
global clue and/or liquidity (including from DIIs) can rescue nifty.
2. Pre-open
data suggests a +ve nifty after a gap up open unless it breaks below 5780.
3. AS PER
9.30 STRATEGY, BUY BELOW 5844NF, TARGET 5865, SL 5814.
4. If SL is
hit, sell above 5800NF, target 5777, SL 5830.
5. SL hit.
6. Target of
first +ww met in open itself.
7. SL hit on
reverse side also. Back to long as per 9.30 strategy.
8. Nifty
opened up with a gap, made a higher high and low than those yesterday before
closing +ve and also above yesterday's close. The targets of first +ww and the
bullish flag of the first post were met. However, SLs on either side of 9.30
strategy were hit but targets on neither side were met. The total range was
about 33. The daily candle is a hammer as well as a likely morning doji star
(daily candle of nifty fut is only a likely morning star).
The intraday chart of nifty spot values with 5 min
candles is shown below.
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