Nifty Analysis for 18thAugust2011

Nifty Conservative Trading 
--------------------------------
Nifty Monthly  Long above 5705(HEMA)  and 5242 (LEMA)  (TREND UP ABOVE  5417)
Nifty Weekly   Long above 5368(HEMA)  and 5152 (LEMA)  (TREND UP ABOVE  5231)
Nifty Daily    Long above 5163(HEMA)  and 5054 (LEMA)  (TREND UP ABOVE  5089)
Nifty Hourly   Long above 5074(HEMA)  and 5041 (LEMA)  (TREND UP ABOVE  5057)


Nifty  JNSAR
---------------------------------------
Nifty Weekly JNSAR  5442  -stay short
Nifty Daily  JNSAR  5149  -stay short
Nifty Hourly JNSAR  5063  -stay short 


Nifty Havala Level
-----------------------------------------------
30-July-11   5487


Nifty Aggressive  Trading
---------------------------------
Range 56  min 5120 max 4980
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    4800/5000
Resistance 5300/5400


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