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Nifty Monthly Long above 5781(HEMA) and 5404 (LEMA) (TREND UP ABOVE 5571)
Nifty Weekly Long above 5631(HEMA) and 5496 (LEMA) (TREND UP ABOVE 5584)
Nifty Daily Long above 5623(HEMA) and 5556 (LEMA) (TREND UP ABOVE 5570)
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.
Fresh Short should be taken below 5539.
It would be better if we don't trade this market until 5490 or 5750 breaks.
Break of 5650 => early sign of bull
Break of 5490 => early sign of bear
Immediate Resistance :5606-5616-5630-5659
Immediate Support :5450-5496-5535-5539-5559-5580
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 5565 -stay long
Nifty Daily JNSAR 5588 -stay short
Nifty Hourly JNSAR 5575 -stay short
Nifty Havala Level
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30-Jun-11 5647.40
Nifty Aggressive Trading
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Range 56 min 5510 max 5623
STOP LOSS 10 points only.
Open Interest Analysis
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Nifty Open Interest for July stands at 2,11,82,350 down by 5,05,850 with decrease in price
Strong Resistance 5700 /5800
Strong Support 5400 /5500
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