Jun 16, 2011

Nifty Analysis for 17thJune2011

Nifty Conservative Trading 
--------------------------------
Nifty Monthly Long above 5784(HEMA)  and 5422 (LEMA)   (TREND DOWN BELOW 5572)
Nifty Weekly  Long above 5574(HEMA)  and 5431 (LEMA)   (TREND DOWN BELOW 5481)
Nifty Daily   Long above 5493(HEMA)  and 5439 (LEMA)   (TREND DOWN BELOW 5455)


Only a close above 5481 =>should be used to take long position 
Weekly Trend down below  5481
Daily Trend  down below  5455


Strong Support - 5350 
Strong Resistance -(5418 to 5430)-(5480 to 5490)-(5535 to 5555)-(5590-5608)


As Nifty advance Let examine important level as which nifty may face support/resistance
5225-5350-5450-5550-5775-(5940-5965)-6090-6175-6250-(6325-6350)


Volume profile show nifty onwards journey may face resistance @5418 to 5430
and Support @5350 /5395






Nifty  JNSAR
---------------------------------------
Nifty Weekly JNSAR  5536
Nifty Daily  JNSAR  5478
http://perfecttradingsystem.blogspot.com/




Nifty Aggressive  Trading
---------------------------------
Range 27  min 5369 max 5424
STOP LOSS 10 points only.
http://perfectbreakout.blogspot.com/




Bank Nifty Conservative Trading 
--------------------------------
Bank Nifty Monthly Long above 11546(HEMA)  and 10598 (LEMA)   (TREND DOWN BELOW 11004)
Bank Nifty Weekly  Long above 10980(HEMA)  and 10616 (LEMA)   (TREND DOWN BELOW 10751)
Bank Nifty Daily   Long above 10780(HEMA)  and 10613 (LEMA)   (TREND DOWN BELOW 10674)


Only a close above 10751 =>should be used to take long position 


Volume profile show bank nifty onwards journey may face resistance @10574 to 10633  and  10751 to 10810 level






Bank Nifty Aggressive  Trading
---------------------------------
Range 76 min 
10495 max 10,648
STOP LOSS 30 points only.
http://perfectbreakout.blogspot.com/


BANK Nifty  JNSAR
---------------------------------------
Bank Nifty Weekly JNSAR  10906
Bank Nifty Daily  JNSAR  10719
http://perfecttradingsystem.blogspot.com/

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