Intraday Update

Traded below PIVOT...Tken support @ S2 6259 but in last half an hour support broken .
At the same time TP 6253 hits. Close below DLEMA .. So downward momentum strong now.If tomorrow close Below 6293 -which is WEEKLY HEMA- all signals -MONTHLY.WEEKLY DAILY will be in one direction ...

Nifty.....DAILY negative ..tomorrow WEEKLY close imp now

Nifty traded below pivot and S2 was maintained till 3 pm.In last half an hour S2 broken at the same time TP (6253) hits.Monthly already negative, DAILY negative.Only WEEKLY negative is awaited tomorrow to turn it medium term downward strongly. Now 6194 and 6142 which is 50% and 61.8% retracement is important.

Intraday Update 1

NF..ORB down..@ 6305...short taken..



Here is PIVOT and S2

Trade Sheet

Nifty...S....6305/6280/6250...R....6330/6350

Upside seems capped for NIFTY. Last week close was positive and that signal has not yet implicated and it's intact till tommorrow ,provided that tomorrow close must be above 6293.Latest DAY signal is SELL ON RISE. If today close below 6265 then correction will be deeper.