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Nifty Monthly Long above 5781(HEMA) and 5404 (LEMA) (TREND UP ABOVE 5630)
Nifty Weekly Long above 5648(HEMA) and 5468 (LEMA) (TREND UP ABOVE 5573)
Nifty Daily Long above 5637(HEMA) and 5559 (LEMA) (TREND UP ABOVE 5593)
Nifty seems to be range bound market between 5700-5500.
Nifty upward movement may face resistance at 5606-5616-5630-5659.
Fresh Long should be taken above 5659.
Fresh Short should be taken below 5539.
It would be better to not have position,until market find direction.
Immediate Resistance :5606-5616-5630-5659
Immediate Support :5450-5496-5535-5539-5559-5580
As Nifty advance Let examine important level as which nifty may face support/resistance
5225-5350-5450-5550-5580-5606-5616-5630-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)
Nifty JNSAR
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Nifty Weekly JNSAR 5565 -stay long
Nifty Daily JNSAR 5593 -stay short
Nifty Hourly JNSAR 5584 -stay short
Nifty Havala Level
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30-Jun-11 5647.40
Nifty Aggressive Trading
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Range 56 min 5524 max 5637
STOP LOSS 10 points only.
Open Interest Analysis
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Nifty Open Interest for July stands at 2,16,88,200 up by 1,12,800 with decrease in price (Short Buildup)
Strong Resistance 5700 /5800
Strong Support 5400 /5500
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