May 22, 2011

Nifty Analysis for23May2011

Nifty Conservative Trading
--------------------------------
Nifty Weekly Long above 5688(HEMA)  and 5503 (LEMA)
Nifty Daily  Long above 5507(HEMA)  and 5434 (LEMA) 


Only a close above 5688 =>  should be used to take long position
Since overall trend remain down below 5559.
Avoid long till 5507.Exploring shorting opportunity will be advisable.




Nifty Aggresive  Trading
---------------------------------
Range 46  min 5440 max 5532
STOPLOSS 10 points only.


Nifty  JNSAR
---------------------------------------
Nifty Weekly JNSAR  5628
Nifty Daily  JNSAR  5499




Bank Nifty Conservative Trading
--------------------------------
Bank Nifty Weekly Long above 11369(HEMA)  and 10858 (LEMA)
Bank Nifty Daily  Long above 10807(HEMA)  and 10613 (LEMA) 


Only a close above 11369=>  should be used to take long position
Since overall trend remain down below 10807.
Avoid long till 11369.Exploring shorting opportunity will be advisable.




Bank Nifty Aggresive  Trading
---------------------------------
Range 115  min 10548 max 10799
STOPLOSS 20 points only.




Bank Nifty  JNSAR
---------------------------------------
Bank Nifty Weekly JNSAR  11179
Bank Nifty Daily  JNSAR  10817

No comments:

Post a Comment