Nifty Conservative Trading
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Nifty Monthly Long above 5705(HEMA) and 5167 (LEMA) (TREND UP ABOVE 5315)
Nifty Weekly Long above 5234(HEMA) and 4959 (LEMA) (TREND UP ABOVE 5023)
Nifty Daily Long above 4931(HEMA) and 4816 (LEMA) (TREND UP ABOVE 4849)
Nifty Hourly Long above 4808(HEMA) and 4760 (LEMA) (TREND UP ABOVE 4775)
Nifty JNSAR
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Nifty Weekly JNSAR 5212 -stay short
Nifty Daily JNSAR 4931 -stay short
Nifty Hourly JNSAR 4807 -stay short
Nifty Havala Level
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30-July-11 4840
Nifty Aggressive Trading
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Range 56 max 4808 min 4648
STOP LOSS 10 points only.
Support and Resistance
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4680-4784-4810-4865-4951-(5006-5011)-5057-5114-5182-5225-5296-5350-5393-(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 4700/4800
Resistance 5000
Trade Conclusion
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We may remain in consolidation range .50 -75 points downside is still left.
GO Long Near 4700 stoploss 4675.
Hope that helps .Take care .Have a happy trading.
Bank Nifty Analysis on http://tradeinbankonly.blogspot.com
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