Nifty Analysis for 25thJuly2011

Nifty Conservative Trading 
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Nifty Monthly  Long above 5781(HEMA)  and 5404 (LEMA)  (TREND UP ABOVE  5648)
Nifty Weekly   Long above 5647(HEMA)  and 5490 (LEMA)  (TREND UP ABOVE 5593)
Nifty Daily    Long above 5623(HEMA)  and 5555 (LEMA)  (TREND UP ABOVE 5592)
Nifty Hourly   Long above 5631(HEMA) and  5611 (LEMA)  (TREND UP ABOVE 5623)


Nifty  JNSAR
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Nifty Weekly JNSAR  5578  -stay long
Nifty Daily  JNSAR  5590  -stay long
Nifty Hourly JNSAR  5608  -stay long 


Nifty Havala Level
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30-Jun-11   5647.40


Nifty Aggressive  Trading
---------------------------------
Range 54  min 5579 max 5688
STOP LOSS 10 points only.




Open Interest Analysis
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Strong Resistance 5800 
Strong Support    5500


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




Nifty seems to be range bound market between 5700-5500.
Nifty upward movement may face resistance at 5659-5667-5729.
Fresh Long should be taken above  5659. 
Fresh Short should be taken below 5490. 
It would be better if we don't trade this market until 5490 or 5750 breaks.