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Nifty Monthly Long above 5784(HEMA) and 5445 (LEMA) (TREND DOWN BELOW 5601)
Nifty Weekly Long above 5600(HEMA) and 5452 (LEMA) (TREND DOWN BELOW 5523)
Nifty Daily Long above 5543(HEMA) and 5488 (LEMA) (TREND DOWN BELOW 5515)
Only a close above 5523 =>should be used to take long position
Only a close below 5480 /5470 =>should be used to take short position
Weekly Trend down below 5523
Daily Trend down below 5515
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.
Nifty now face resistance @5495 level .
If Nifty today trade above 5495 level =>it can test the 5530-5540
If Nifty trade below 5475 level => it can test 5450
Nifty JNSAR
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Nifty Weekly JNSAR 5567
Nifty Daily JNSAR 5514
http://perfecttradingsystem.blogspot.com/
Nifty Aggressive Trading
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Range 40 min 5546 max 5525
STOP LOSS 10 points only.
http://perfectbreakout.blogspot.com/
Bank Nifty Conservative Trading
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Bank Nifty Monthly Long above 11546(HEMA) and 10640 (LEMA) (TREND DOWN BELOW 11051)
Bank Nifty Weekly Long above 11055(HEMA) and 10673 (LEMA) (TREND DOWN BELOW 10840)
Bank Nifty Daily Long above 10859(HEMA) and 10709 (LEMA) (TREND DOWN BELOW 10781)
Only a close above 10840 =>should be used to take long position
Weekly Trend down below 10840
Daily Trend down below 10781
Bank Nifty Aggressive Trading
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Range 112 min 10602 max 10825
STOP LOSS 30 points only.
http://perfectbreakout.blogspot.com/
BANK Nifty JNSAR
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Bank Nifty Weekly JNSAR 10980
BAnk Nifty Daily JNSAR 10787
http://perfecttradingsystem.blogspot.com/
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