Nifty Analysis for 2ndAugust2011

Nifty Conservative Trading 
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Nifty Monthly  Long above 5705(HEMA)  and 5422 (LEMA)  (TREND UP ABOVE  5571)
Nifty Weekly   Long above 5628(HEMA)  and 5481 (LEMA)  (TREND UP ABOVE  5543)
Nifty Daily    Long above 5566(HEMA)  and 5498 (LEMA)  (TREND UP ABOVE  5525)
Nifty Hourly   Long above 5521(HEMA)  and  5504 (LEMA) (TREND UP ABOVE  5411)


Nifty  JNSAR
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Nifty Weekly JNSAR  5562  -stay short
Nifty Daily  JNSAR  5567  -stay short
Nifty Hourly JNSAR  5510  -stay long


Nifty Havala Level
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30-Jun-11   5487


Nifty Aggressive  Trading
---------------------------------
Range 56  min 5460 max 5572
STOP LOSS 10 points only.


Support and Resistance
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5225-5350-5450-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)


Open Interest 
-----------------------
Support    5400
Resistance 5600




Trade Conclusion
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Nifty will find immediate resistance at 5539-5550.
Support lies 5450-5490-5502 level.


If market fails to break 5460 level ,we are not deeply bearish.
Above 5565 bullish vies pervails.


Below 5516-5565  -> short the market  ,Target 5195
Above 5565 -> go long the market ,Target  5690