Technicals

Nifty's support of 5630-45, till yesterday will act as resistance now. It is retracing now from 5620 range.
Nifty SAR for tomorrow 5659.  

I have limited / reduced the technical studies to:
1) 10 D EMA / SMA
2) MACD
3) TRENDLINE

BUY TCS:  MACD CROSSOVER, ABOVE 10 D SMA
BUY INFOSYS : ABOVE 10 D SMA, (ON SUSTAINING ABOVE 2370)

NIFTY BREAKS DOWN

Nifty has finally broken below the range and trading around 5600. Now SAR is at 5684.

Nifty squeezed-Must break this range for direction

Nifty closed above 5d HEMA, 10d EMA

Nifty closed above 5d HEMA, 10d EMA. Because of the sideways movement for last so many days, this close above 5d Hema is important. A buy signal (5684 being protected)

18-10-12 High Low Close 10D EMA 5D EMA 5D HEMA 5D LEMA Nifty 5722 5651 5719 5684 5686 5711 5640 Bank Nifty  11595 11364 11586 11414 11449 11513 11319

Nifty sideways continues

Nifty is still within a range. In the morning Nifty opened above 5D EMA and just slipped below it.

10D EMA 5D EMA 5D HEMA 5D LEMA Nifty 5676 5670 5705 5645
Strength above 5705 on closing basis.

Nifty resisted

Yesterday also Nifty could not sustain above the trendline in Hourly chart. Today morning also after a gap-up opening it slipped below it. Important figures for today:
10D EMA = 5679
5D EMA = 5675
5D HEMA= 5715
5D LEMA= 5650

Currently nifty is at 5666 i.e. below 5D EMA.

Nifty again in Buy Zone

In a flat correction, it is moreover a sideways movement. Nifty has been moving within 50-60 points. A breakout will only confirm a direction. On upper side a close above 5740 may be the decider. Nifty Future Hourly chart today should sustain above the trendline.

Nifty Support & Resistance

Nifty is in sale zone (below 10D EMA & 5D HEMA). It is getting support at 5640-5660 range (near 20D SMA). Further weakness below this range and strenth only above 5705-5720 range.

Nifty in Buy territory

Yesterday Nifty took support at 20D SMA and jumped to positive territory.  Tough days ahead.
Correction from 5815 to 5636 was not that deep. So this bull run is set to show new highs.

Nifty near 20D SMA

The correction is consuming more time. It seems like a flat correction. Today Nifty closed at 5652. Immediate support being 20D SMA at 5633. Next target is at 38% being 5587.

			Rise	0.236%	0.380%	0.500%	0.618%
Nifty	5216	5815	599	5674	5587	5516	5445

Nifty SAR triggered

Nifty SAR at 5690 triggered. Market in sell mode.

Nifty manages to close above 5740

Nifty still managed to close above 5740. Weakness only below 5700-5680 where SAR lies. 

UPDATE: Nifty is already below 5740 in the morning. Day will tell if it holds 5700-5680 or not.