Nifty Conservative Trading
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Nifty Monthly Long above 5705(HEMA) and 5404 (LEMA) (TREND UP ABOVE 5550)
Nifty Weekly Long above 5628(HEMA) and 5463 (LEMA) (TREND UP ABOVE 5523)
Nifty Daily Long above 5543(HEMA) and 5476 (LEMA) (TREND UP ABOVE 5502)
Nifty Hourly Long above 5467(HEMA) and 5448 (LEMA) (TREND UP ABOVE 5457)
Nifty JNSAR
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Nifty Weekly JNSAR 5552 -stay short
Nifty Daily JNSAR 5567 -stay short
Nifty Hourly JNSAR 5473 -stay long
Nifty Havala Level
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30-Jun-11 5487
Nifty Aggressive Trading
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Range 56 min 5400 max 5600
STOP LOSS 10 points only.
Support and Resistance
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5225-5350-5393-5450-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)
Open Interest
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Support 5400
Resistance 5600
Trade Conclusion
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Nifty will find immediate resistance at 5491-5502-5550
Support lies 5393-5350 level.
If market fails to rise above 5460 level ,we are deeply bearish.=> T1 5393 T2 5350
Above 5565 bullish vies pervails.
Below 5460-5516-5565 -> short the market ,Target 5195
Above 5460 -> go long the market ,Target 5690
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