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Nifty Monthly Long above 5781(HEMA) and 5442 (LEMA) (TREND UP ABOVE 5657)
Nifty Weekly Long above 5644(HEMA) and 5454 (LEMA) (TREND UP ABOVE 5569)
Nifty Daily Long above 5699(HEMA) and 5621 (LEMA) (TREND UP ABOVE 5656)
Open Intesrest Analysis show 5500 is strong support. As Long Nifty is protecting 5561 => Keep your Long
Nifty need to protect 5650-5612-5580 level for Long to hold.
Nifty faces immediate resistance at 5690 -5705 level and @200 DMA at 5754.
Below 5560 , we will reverse our position.
Alternate View, Add short near 5750/5800 level with stoploss of 10/20 points.
As Nifty advance Let examine important level as which nifty may face support/resistance
5225-5350-5450-5550-5630-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)
VOLUME PROFILE :5665-5650-5612-5580 important level to watch
Nifty JNSAR
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Nifty Weekly JNSAR 5561
Nifty Daily JNSAR 5612
Nifty Hourly JNSAR 5690
Nifty Havala Level
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30-Jun-11 5647.40
Nifty Aggressive Trading
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Range 47 min 5613 max 5708
STOP LOSS 10 points only.
Open Interest Analysis
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Nifty Open Interest for July stands at 2,24,52,200 down by 1,45,850 with decrease in price
Bank Nifty Open Interest for July stands at 10,19,250 down by 11,175 with decrease in price
Strong Resistance 5700 Strong Support 5500
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