5280-5300 is on card -Nifty Analysis for 5thAugust2011

Nifty Conservative Trading 
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Nifty Monthly  Long above 5705(HEMA)  and 5368 (LEMA)  (TREND UP ABOVE  5509)
Nifty Weekly   Long above 5628(HEMA)  and 5426 (LEMA)   (TREND UP ABOVE  5481)
Nifty Daily    Long above 5480(HEMA)  and 5404 (LEMA)  (TREND UP ABOVE  5424)
Nifty Hourly   Long above 5381(HEMA)  and 5352 (LEMA)  (TREND UP ABOVE   5361)


Nifty  JNSAR
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Nifty Weekly JNSAR  5555  -stay short
Nifty Daily  JNSAR  5496  -stay short
Nifty Hourly JNSAR  5399  -stay short 


Nifty Havala Level
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30-Jun-11   5487


Nifty Aggressive  Trading
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Range 56  min 5390 max 5290
STOP LOSS 10 points only.


Support and Resistance
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5225-5296-5350-5393-(5433-5460)-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)


Open Interest 
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Support    5300
Resistance 5500


Trade Conclusion
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Nifty will find immediate resistance at 5350-5393-5402-5430-5460
Support lies 5225-5296 level.
If market fails to rise above  5350-5393 level ,we are deeply bearish.=> T1 5393 T2 5300 (T1 already achieved)
Above 5460 bullish vies prevails  . Initial target will 5490-5502