Nifty and Bank Nifty Analysis for 15thJune2011

Nifty Conservative Trading 
--------------------------------
Nifty Monthly Long above 5784(HEMA)  and 5438 (LEMA)   (TREND DOWN BELOW 5606)
Nifty Weekly  Long above 5574(HEMA)  and 5447 (LEMA)   (TREND DOWN BELOW 5516)
Nifty Daily   Long above 5525(HEMA)  and 5475 (LEMA)   (TREND DOWN BELOW 5503)


Only a close above 5555 =>should be used to take long position 
Only a close below 5480 /5470 =>should be used to take short position  


Weekly Trend down below  5516
Daily Trend  down below  5503


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 nifty facing 

resistance => 5520 to 5530 level
support=> 5584

Nifty  JNSAR
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Nifty Weekly JNSAR  5447
Nifty Daily  JNSAR  5475
http://perfecttradingsystem.blogspot.com/


Nifty Aggressive  Trading
---------------------------------
Range 25  min 5475 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 10636 (LEMA)   (TREND DOWN BELOW 11081)
Bank Nifty Weekly  Long above 10980(HEMA)  and 10654 (LEMA)   (TREND DOWN BELOW 10825)
Bank Nifty Daily   Long above 10827(HEMA)  and 10698 (LEMA)   (TREND DOWN BELOW 10775)


Only a close above 10828 =>should be used to take long position 

Bank Nifty Aggressive  Trading
---------------------------------
Range 82  min 10772 max 10885
STOP LOSS 30 points only.
http://perfectbreakout.blogspot.com/


BANK Nifty  JNSAR
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Bank Nifty Weekly JNSAR  10948
BAnk Nifty Daily  JNSAR  10780
http://perfecttradingsystem.blogspot.com/