Nifty Analysis for 20thJuly2011

Nifty Conservative Trading 
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Nifty Monthly Long above 5781(HEMA)  and 5404 (LEMA)  (TREND UP ABOVE  5641)
Nifty Weekly  Long above 5641(HEMA)  and 5496 (LEMA)  (TREND UP ABOVE 5587)
Nifty Daily   Long above 5625(HEMA)  and 5556 (LEMA)  (TREND UP ABOVE 5594)


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.


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  5574  -stay long 
Nifty Daily  JNSAR  5593  -stay long
Nifty Hourly JNSAR  5594  -stay long


Nifty Havala Level
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30-Jun-11   5647.40


Nifty Aggressive  Trading
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Range 60  min 5554 max 5672
STOP LOSS 10 points only.


Open Interest Analysis

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Strong Resistance 5700 /5800 

Strong Support 5400 /5500