Nifty Conservative Trading
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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
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30-Jun-11 5647.40
Nifty Aggressive Trading
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Range 47 min 5585 max 5670
STOP LOSS 10 points only.
Open Interest Analysis
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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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