NIFTY & BANK NIFTY May18,2011

Nifty Conservative Trading
--------------------------------
Nifty Weekly Long above 5688(HEMA)  and 5509 (LEMA)
Nifty Daily  Long above 5559(HEMA)  and 5469 (LEMA) 


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




Nifty Aggresive  Trading
---------------------------------
Range 56  min 5382 max 5495
STOPLOSS 10 points only.


Nifty  JNSAR
---------------------------------------
Nifty Weekly JNSAR  5620
Nifty Daily  JNSAR  5539


Bank Nifty Conservative Trading
--------------------------------
Bank Nifty Weekly Long above 11369(HEMA)  and 10889 (LEMA)
Bank Nifty Daily  Long above 11050(HEMA)  and 10987 (LEMA) 


Only a close above 11369=>  should be used to take long position
Since overall trend remain down below 11050.
Avoid long till 11369.Exploring shorting opportunity will be advisable.


Bank Nifty Aggresive  Trading
---------------------------------
Range 186  min 10481 max 10855
STOPLOSS 20 points only.


Bank Nifty  JNSAR
---------------------------------------
Bank Nifty Weekly JNSAR  11180
Bank Nifty Daily  JNSAR  10987