Nifty Analysis for 09June2011

Nifty Conservative Trading
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Nifty Monthly Long above 5784(HEMA)  and 5453 (LEMA)   (TREND DOWN BELOW 5613)
Nifty Weekly  Long above 5600(HEMA)  and 5459 (LEMA)   (TREND DOWN BELOW 5535)
Nifty Daily   Long above 5554(HEMA)  and 5503 (LEMA)   (TREND DOWN BELOW 5529)


Only a close above 5616 =>should be used to take long position 
Only a close below 5480 /5470 =>should be used to take short position 


Weekly Trend down below  5535
Daily Trend  down below  5529


Strong Support -(5480 to 5490)
Strong Resistance -(5535 to 5555) /  (5590-5608)


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 


Nifty Aggressive  Trading
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Range 37  min 5483 max 5558
STOP LOSS 10 points only.
http://perfectbreakout.blogspot.com/




Nifty  JNSAR
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Nifty Weekly JNSAR  5574
Nifty Daily  JNSAR  5520
http://perfecttradingsystem.blogspot.com/