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Nifty Monthly Long above 5874(HEMA) and 5439 (LEMA) (TREND DOWN BELOW 5630)
Nifty Weekly Long above 5584(HEMA) and 5449 (LEMA) (TREND DOWN BELOW 5527)
Nifty Daily Long above 5471(HEMA) and 5409 (LEMA) (TREND UP ABOVE 5443)
Only a close above 5527 =>should be used to take long position
Weekly Trend Down below 5527
Daily Trend Up above 5443
Avoid long till 5527.
Exploring shorting 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 5488-5505 and 5604 are important level to watch.
Volume profile for 30th May show there was huge volume participation at 5472 level.
Nifty is still holding these level.(5380-5390)-5410 are important level which should provide support.
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 5604
Nifty Daily JNSAR 5420
http://perfecttradingsystem.blogspot.com/
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