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Nifty Monthly Long above 5784(HEMA) and 5453 (LEMA) (TREND DOWN BELOW 5625)
Nifty Weekly Long above 5600(HEMA) and 5459 (LEMA) (TREND UP ABOVE 5547)
Nifty Daily Long above 5562(HEMA) and 5497 (LEMA) (TREND UP ABOVE 5537)
Only a close above 5547 =>should be used to take long position =>Already LONG Stop loss 5497
Weekly Trend Up above 5547
Daily Trend up above 5537
Avoid Long Till 5547
Exploring LONG 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 (5380-5390)-5410-5488-5505-5561 and (5590-5608) are important level to watch.
Market Currently is Sideways bottom at 5488-5510 top at 5590-5608.
If Nifty today find support 5520-5539 level =>it can test the upper boundary of 5590-5608
If Nifty trade below 5555 level => it can test lower boundary
Going SHORT at this point will against trend ,should be executed with strict stop loss.
Nifty Aggressive Trading
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Range 42 min 5514 max 5598
STOP LOSS 10 points only.
http://perfectbreakout.blogspot.com/
Nifty JNSAR
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Nifty Weekly JNSAR 5580
Nifty Daily JNSAR 5518
http://perfecttradingsystem.blogspot.com/
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