Nifty Analysis for 15July2011

Nifty Conservative Trading 
--------------------------------
Nifty Monthly Long above 5781(HEMA)  and 5404 (LEMA)  (TREND UP ABOVE  5637)
Nifty Weekly  Long above 5648(HEMA)  and 5468 (LEMA)  (TREND UP ABOVE 5579)
Nifty Daily   Long above 5639(HEMA)  and 5557 (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  5568
Nifty Daily  JNSAR  5596
Nifty Hourly JNSAR  5599


Nifty Havala Level
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30-Jun-11   5647.40


Nifty Aggressive  Trading
---------------------------------
Range 47  min 5580 max 5710
STOP LOSS 10 points only.


Open Interest Analysis
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Nifty Open Interest for July stands at 2,15,75,400 down by 4,81,250 with increase in price (Huge Short Covering)
Strong Resistance 5700 /5800 
Strong Support 5400 /5500