Nifty Analysis for 1stAugust2011

Nifty Conservative Trading 
--------------------------------
Nifty Monthly  Long above 5781(HEMA)  and 5390 (LEMA)  (TREND UP ABOVE  5597)
Nifty Weekly   Long above 5665(HEMA)  and 5478 (LEMA)  (TREND UP ABOVE  5556)
Nifty Daily    Long above 5572(HEMA)  and 5503 (LEMA)  (TREND UP ABOVE  5530)
Nifty Hourly   Long above 5500(HEMA) and  5475 (LEMA)  (TREND UP ABOVE  5487)




Nifty  JNSAR
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Nifty Weekly JNSAR  5595  -stay short
Nifty Daily  JNSAR  5560  -stay short
Nifty Hourly JNSAR  5556  -stay short 


Nifty Havala Level
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30-Jun-11   5487


Nifty Aggressive  Trading
---------------------------------
Range 56  min 5425 max 5538
STOP LOSS 10 points only.


Support and Resistance
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5225-5350-5450-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)


Open Interest 
-----------------------
Support    5400
Resistance 5600


Trade Conclusion
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Below 5516-5654  -> short the market  ,Target 5195
Above 5654 -> go long the market ,Target  5690