Nifty Analysis for 22August2011

Nifty Conservative Trading 
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Nifty Monthly  Long above 5705(HEMA)  and 5192 (LEMA)  (TREND UP ABOVE  5347)
Nifty Weekly   Long above 5368(HEMA)  and 5079 (LEMA)  (TREND UP ABOVE  5161)
Nifty Daily    Long above 5055(HEMA)  and 4941 (LEMA)  (TREND UP ABOVE  4976)
Nifty Hourly  Long above 4866(HEMA)   and 4833 (LEMA)  (TREND UP ABOVE  4849)


Nifty  JNSAR
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Nifty Weekly JNSAR  5433  -stay short
Nifty Daily  JNSAR  5086  -stay short
Nifty Hourly JNSAR  4885  -stay short 


Nifty Havala Level
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30-July-11   5487


Nifty Aggressive  Trading
---------------------------------
Range 56  min 4877 max 4774
STOP LOSS 10 points only.


Support and Resistance
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4680-4784-4828-4880-4951-(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 
-----------------------
Support    4600
Resistance 5000


Trade Conclusion
--------------------------------
We may see some consolidation from Monday onwards. 
No Fresh shorts advised.


Hope that helps .Take care .Have a happy trading.
Bank Nifty Analysis on   http://tradeinbankonly.blogspot.com