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.