NIFTY (By Dec 12, EOD)

Observation:

Day Chart:

• Completed 5 wave up-move with 5th wave having 5-waves. 
• Correction is going on. Following are the possible logical ends to this correction:
• Range: 7985 to 7992. (end of 5-2)
• Range: 7723 to 7780. (start of 5)
• Fib lines in the current up channel.
• Closed just above 50 SMA with low < 50 SMA.
• As stochastic is at 7, up b-wave is expected any time.

Numbers:

8353: LowerBand (DayCh)

DLF (By Dec 11 EOD)

Last day of the week. Listen to weekly chart.

DayCh:
1) After Nov 25th, first time price closed below 5EMA. (Last time next day, price moved bottom of this day channel to top of the channel. Tomorrow bottom of the channel is: 152.50 (approx) and top of the channel is: 170.40 (approx))

2) Stochastic remains in sell

5min chart:
RSI has hit the bottom line.

60min chart:
Stochastic is high

WeekCh:
MACD "buy" in current candle.
Week ch support: 143.43
Week ch resistance: 173.13

FUTURE:
158.96: UpperBand (DayChart)
156.69: LowerBand (DayChart)
152.66: Weekly Channel support line (for tomorrow)

SPOT:
171: Channel Res (DayCh)
168.50: Weekly R1
158.70: 5EMA (DayCh)
158.13: UpperBand (DayCh)
157.70: Weekly Pivot
156.14: LowerBand (DayCh)
152.70: Channel Support (DayCh)
152: Purple Line Support (Week Ch)
151.70: Weekly S1

DLF (By Dec 10 EOD)

Bears:
If 157 is taken out, then we can expect a down move towards floracent blue support line.
Last 3 candles, trading below 21HRSMA

DayCh: Signal in Stochastic

WeekCh: MACD buy in current candle.

FUTURE:

158.56: UpperBand (DayChart)

155.9: LowerBand (DayChart)

SPOT:

171: Channel Res (DayCh)

168.50: Weekly R1

158.70: 5EMA (DayCh)

158.03: UpperBand (DayCh)

157.70: Weekly Pivot

155.48: LowerBand (DayCh)

152: Purple Line Support (Week Ch)

151.70: Weekly S1

149.5: Channel Support (DayCh)

(drawn channels in DLF-1 in 5min and 60min charts)

DLF (Dec 9, by EOD)

Bears:

• HS pattern is visible in 5-min chart. So, if 157 is taken out, then we can expect a down move towards floracent blue support line.
• Also looks like we have barier triangle pattern with horizontal support line at 157. Most often break happens at horizontal side.
• Last 3 candles, trading between 21HRSMA and 34 HRSMA.

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Supports:
159.70: Brown channel support (day chart)
158: Upper Band (day chart)
158.23: 5EMA (day chart)
158: Weekly Pivot
157: Diagonal support (prev resistance) (min charts)
154.45: Lower Band (day chart)
153: Weekly Channel Support (approx)
152.80: Purple line support in the weekly chart. (approx)
152.70: end of 2nd wave of last 5th wave.
151.74: Weekly Support1
151.50: 5th wave started from here.
150.45: 23.6% retracement of upmove 100.1 to 166
148.80: Day Channel's support
140: Monthly Channel's support

Resistances:
178: Weekly Channel Resistance
174.23: Weekly R2
174: Monthly channel's resistance
168.30: Day Ch Resistance
168: Weekly R1

DLF (By Dec 8, EOD)

Observations:

WeeklySupport: 151; Weekly Pivot: 158
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retracements for Buy:
151: 23.6% retracement of the raise from 100.1 to 166
157.33: 61.8% retracement of the raise from 151.35 to 166.

retracements for sell:
163: 61.8% retracement of the fall from: 166 to 158.6. (Here HS Pattern forms shape)
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Week Chart:
Channel resistance: 177; support: 153. (Next Week Ch Res: 183, Supp: 163)
5EMA: 152
purple support line: 151
MACD: buy in current candle.
LowerBand: 146
UpperBand: 150
Wave: 3rd wave started from 136.50. (2nd wave of this 3rd wave has started today morning.)
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Monthly Chart:
Support line: 141
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Day Chart:
UpperBand: 157; LowerBand: 153; WMA: 153
Channel Res: 167.5; Support: 147
BrownCh Support: 158, Res: 179
Candles Stat: (ends inclusive):
x-1: 4; 1-2: 5; 2-3: 10; 3-4: 10; 4-5: 9 so far.
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