Nifty Analysis for 16thAugust2011

Nifty Conservative Trading 
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Nifty Monthly  Long above 5705(HEMA)  and 5242 (LEMA)  (TREND UP ABOVE  5423)
Nifty Weekly   Long above 5486(HEMA)  and 5220 (LEMA)  (TREND UP ABOVE  5318)
Nifty Daily    Long above 5217(HEMA)  and 5102 (LEMA)  (TREND UP ABOVE  5140)
Nifty Hourly Long above 5104(HEMA)  and 5078 (LEMA)  (TREND UP ABOVE  5088)


Nifty  JNSAR
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Nifty Weekly JNSAR  5420  -stay short
Nifty Daily  JNSAR  5227  -stay short
Nifty Hourly JNSAR  5106  -stay short 


Nifty Havala Level
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30-July-11   5487


Nifty Aggressive  Trading
---------------------------------
Range 56  min 5020 max 5110
STOP LOSS 10 points only.


Support and Resistance
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4800-4951-5057-5114-5182-5225-5296-5350-5393-(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 
-----------------------
Support    5000
Resistance 5200/5300


Trade Conclusion
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Nifty is consolidating between 5000 and 5200 .Either side movement is possible from these level.
Buy 5000 PE and 5200 CE  to be on safe side.


Hope that helps .Take care .Have a happy trading.


Bank Nifty Analysis on   http://tradeinbankonly.blogspot.com