Nifty Analysis ,Bank Nifty Analysis and CNX IT Analysis for 29DEC2010

Nifty for 29DEC2010

BUY  @6030-6040-6059-6072-6088-6110-6137

SELL @5991-5981-5962-5949-5933-5911-5885

NIFTY SAR LONG 5975

MOVING AVERAGE PRICE CHANNEL:LONG @5985  STOPLOSS 5947

Volatility  

Minimum 5963  Maximum 6032  Range 34

(Use 10%-15% of Range as stoploss in Intra day trade)

BANK Nifty for 29DEC2010

BUY @11507-11523-11551-11572-11598-11631-11673

SELL @11447-11431-11402-11382-11356-11323-11281

BANK NIFTY SAR SHORT 11500

MOVING AVERAGE PRICE CHANNEL :NO POSITION

Volatility  

Minimum 11290  Maximum 11651 Range 180

(Use 10%-15% of Range as stoploss in Intra day trade)

CNX IT for 29DEC2010

BUY @7375-7388-7409-7425-7444-7469-7501

SELL @7330-7317-7296-7280-7261-7236-7204

CNX IT  SAR LONG 7221

MOVING AVERAGE PRICE CHANNEL :NO POSITION

Volatility  

Minimum 7298  Maximum 7429   Range 65

(Use 10%-15% of Range as stoploss in Intra day trade)