Nifty Analysis for 30thMay2011

Nifty Conservative Trading

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Nifty Monthly Long above 5874(HEMA)  and 5439 (LEMA)   (TREND DOWN BELOW 5610)

Nifty Weekly  Long above 5621(HEMA)  and 5445 (LEMA)   (TREND DOWN BELOW 5555)

Nifty Daily   Long above 5452(HEMA)  and 5384 (LEMA)   (TREND UP ABOVE 5428)

Only a close above 5555 =>should be used to take long position

Weekly Trend Down below 5555

Daily Trend  Up  above  5428

Avoid long till 5555.

Exploring shorting opportunity will be advisable.

Now How to explore the shorting 

1)Conservative Trading that the trade follows the tide of the long-term trend while allowing for entrance into trades at times when the market moves briefly against the trend. 

2)The best buying opportunities occur when a rising market makes a briefer decline; the best shorting opportunities are indicated when a falling market rallies briefly. 

3)When the monthly trend is upward, weekly declines represent buying opportunities.Hourly rallies provide opportunities to short when the daily trend is downward.

4)Currently month and weekly is in down trend .so Daily and Hourly rallies provides shorting oppurtunities .

5488-5505   and  5555-5604 are two main region which provide shorting level. Stop loss max 20 points.

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

Nifty Aggressive  Trading

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Range 55  min 5420 max 5531

STOP LOSS 10 points only.

http://perfectbreakout.blogspot.com/

Nifty  JNSAR

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Nifty Weekly JNSAR  5589

Nifty Daily  JNSAR  5437

http://perfecttradingsystem.blogspot.com/