Jul 11, 2011

Nifty Analysis for 12thJune2011

Nifty Conservative Trading 
--------------------------------
Nifty Monthly Long above 5781(HEMA)  and 5439 (LEMA)  (TREND UP ABOVE  5642)
Nifty Weekly  Long above 5647(HEMA)  and 5503 (LEMA)  (TREND UP ABOVE 5585)
Nifty Daily   Long above 5683(HEMA)  and 5615 (LEMA)  (TREND UP ABOVE 5643)


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 5652 -5690 -5705 level  and  @200 DMA at 5754 and  Support at 5605 -5616 


Below  5560 , we will reverse our position.


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  5515
Nifty Daily  JNSAR  5637
Nifty Hourly JNSAR  5644


Nifty Havala Level
-----------------------------------------------
30-Jun-11   5647.40


Nifty Aggressive  Trading
---------------------------------
Range 47  min 5585 max 5670
STOP LOSS 10 points only.


Open Interest Analysis
-----------------------------------
Nifty Open Interest for July stands at 2,26,69,650 up by 2,17,450 with decrease in price (Short Buildup)


Strong Resistance 5700  Strong Support 5500 







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