Nifty Conservative Trading
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Nifty Monthly Long above 5781(HEMA) and 5404 (LEMA) (TREND UP ABOVE 5612)
Nifty Weekly Long above 5647(HEMA) and 5468 (LEMA) (TREND UP ABOVE 5555)
Nifty Daily Long above 5649(HEMA) and 5576 (LEMA) (TREND UP ABOVE 5604)
Open Interest Analysis show 5500 is strong support.
As Long Nifty is protecting 5561 => Keep your Short
It seems market will remain sideways until some new study develop.
Nifty should protect 5500 as per OI standing.Let see
Immediate Resistance : 5535-5539-5559
Immediate Support : 5496-5450
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 5555
Nifty Daily JNSAR 5600
Nifty Hourly JNSAR 5560
Nifty Havala Level
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30-Jun-11 5647.40
Nifty Aggressive Trading
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Range 47 min 5475 max 5580
STOP LOSS 10 points only.
Open Interest Analysis
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Nifty Open Interest for July stands at 2,27,09,750 up by 40,100 with decrease in price (Short Buildup)
Strong Resistance 5700 Strong Support 5500
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