Aug 2, 2011

Nifty 5460 is Critical Level -3rd August 2011


 Nifty Conservative Trading 
--------------------------------
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
---------------------------------------
Nifty Weekly JNSAR  5552  -stay short
Nifty Daily  JNSAR  5567  -stay short
Nifty Hourly JNSAR  5473  -stay long


Nifty Havala Level
-----------------------------------------------
30-Jun-11   5487


Nifty Aggressive  Trading
---------------------------------
Range 56  min 5400 max 5600
STOP LOSS 10 points only.


Support and Resistance
--------------------
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 
-----------------------
Support    5400
Resistance 5600


Trade Conclusion
--------------------------------
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





No comments:

Post a Comment