Nifty Analysis for 17thAugust2011

Nifty Conservative Trading 

--------------------------------

Nifty Monthly  Long above 5705(HEMA)  and 5242 (LEMA)  (TREND UP ABOVE  5410)

Nifty Weekly   Long above 5368(HEMA)  and 5152 (LEMA)  (TREND UP ABOVE  5224)

Nifty Daily    Long above 5189(HEMA)  and 5073 (LEMA)  (TREND UP ABOVE  5106)

Nifty Hourly   Long above 5085(HEMA)  and 5048 (LEMA)  (TREND UP ABOVE  5059)

Nifty  JNSAR

---------------------------------------

Nifty Weekly JNSAR  5442  -stay short

Nifty Daily  JNSAR  5170  -stay short

Nifty Hourly JNSAR  5091  -stay short 

Nifty Havala Level

-----------------------------------------------

30-July-11   5487

Nifty Aggressive  Trading

---------------------------------

Range 56  min 5080 max 4990

STOP LOSS 10 points only.

Support and Resistance

--------------------

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

Trade Conclusion

--------------------------------

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.

Break of 5000 level => can open flood gate  for 4800. Otherwise pullback to 5200.Lets see.

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

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