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Nifty Monthly Long above 5781(HEMA) and 5404 (LEMA) (TREND UP ABOVE 5632)
Nifty Weekly Long above 5647(HEMA) and 5468 (LEMA) (TREND UP ABOVE 5574)
Nifty Daily Long above 5631(HEMA) and 5561 (LEMA) (TREND UP ABOVE 5598)
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.
Immediate Resistance :5606-5616-5630-5659
Immediate Support :5450-5496-5535-5539-5559
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 5566
Nifty Daily JNSAR 5595
Nifty Hourly JNSAR 5572
Nifty Havala Level
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30-Jun-11 5647.40
Nifty Aggressive Trading
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Range 47 min 5549 max 5688
STOP LOSS 10 points only.
Open Interest Analysis
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Nifty Open Interest for July stands at 2,20,56,650 down by 6,53,100 with increase in price (Huge Short Covering)
Strong Resistance 5700 /5800
Strong Support 5400 /5500
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