May 24, 2011

Nifty Analysis for 24th MAY2011

Nifty Conservative Trading
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Nifty Weekly Long above 5611(HEMA)  and 5458 (LEMA)
Nifty Daily  Long above 5468(HEMA)  and 5398 (LEMA) 


Only a close above 5611 =>  should be used to take long position
Since overall trend remain down below 5468.
Avoid long till 5468.Exploring shorting opportunity will be advisable.


Nifty Aggressive  Trading
---------------------------------
Range 52  min 5341 max 5447
STOP LOSS 10 points only.


Nifty  JNSAR
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Nifty Weekly JNSAR  5586
Nifty Daily  JNSAR  5403


Bank Nifty Conservative Trading
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Bank Nifty Weekly Long above 11117(HEMA)  and 10686 (LEMA)
Bank Nifty Daily  Long above 10670(HEMA)  and 10468 (LEMA) 


Only a close above 11117=>  should be used to take long position
Since overall trend remain down below 10670.
Avoid long till 11117.Exploring shorting opportunity will be advisable.


Bank Nifty Aggressive  Trading
---------------------------------
Range 138  min 10286 max 10564
STOP LOSS 20 points only.


Bank Nifty  JNSAR
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Bank Nifty Weekly JNSAR 11042
Bank Nifty Daily  JNSAR 10679

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