Nifty and Bank Nifty Analysis for 16thJune2011

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 5447 (LEMA)   (TREND DOWN BELOW 5503)


Only a close above 5520 =>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 show nifty onwards journey may face resistance @5488-5500
and Support @5448

Nifty  JNSAR
---------------------------------------
Nifty Weekly JNSAR  5555
Nifty Daily  JNSAR  5507
http://perfecttradingsystem.blogspot.com/


Nifty Aggressive  Trading
---------------------------------
Range 22  min 5425 max 5475
STOP LOSS 10 points only.
http://perfectbreakout.blogspot.com/


Bank Nifty Conservative Trading 
--------------------------------
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 10828)
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 


Volume profile show bank nifty onwards journey may face resistance @10750-10773  and Support @10627

Bank Nifty Aggressive  Trading
---------------------------------
Range 77  min 
10,548.87 max 10,703.13
STOP LOSS 30 points only.
http://perfectbreakout.blogspot.com/


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