May 31, 2011

Nifty Analysis for 1stJune2011

Nifty Conservative Trading
--------------------------------
Nifty Monthly Long above 5874(HEMA)  and 5439 (LEMA)   (TREND DOWN BELOW 5659)
Nifty Weekly  Long above 5584(HEMA)  and 5449 (LEMA)   (TREND UP ABOVE  5556)
Nifty Daily   Long above 5505(HEMA)  and 5436 (LEMA)   (TREND UP ABOVE 5482)


Only a close above 5527 =>should be used to take long position =>Already Long Stoploss 5482


Weekly Trend Up above   5556
Daily Trend  Up  above  5482


Avoid SHORT till  we get below 5482.


Exploring LONG opportunity will be advisable.


As Nifty advance Let examine important level as which nifty may face resistance
5225-5350-5450-5550-5775-(5940-5965)-6090-6175-6250-(6325-6350)


Volume profile shows (5380-5390)-5410-5488-5505-5561 and 5604 are important level to watch.














Going SHORT at this point will against trend ,should be executed with strict  stop loss.




Nifty Aggressive  Trading
---------------------------------
Range 58  min 5502 max 5619
STOP LOSS 10 points only.


http://perfectbreakout.blogspot.com/




Nifty  JNSAR
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Nifty Weekly JNSAR  5607
Nifty Daily  JNSAR  5429


http://perfecttradingsystem.blogspot.com/

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