Nifty Analysis for 8thAugust2011

Nifty Conservative Trading 
--------------------------------
Nifty Monthly  Long above 5705(HEMA)  and 5299 (LEMA)  (TREND UP ABOVE  5469)
Nifty Weekly   Long above 5628(HEMA)  and 5357 (LEMA)  (TREND UP ABOVE  5441)
Nifty Daily    Long above 5396(HEMA)  and 5308 (LEMA)  (TREND UP ABOVE  5353)
Nifty Hourly   Long above 5223(HEMA)  and 5183 (LEMA)  (TREND UP ABOVE  5203)


Nifty  JNSAR
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Nifty Weekly JNSAR  5497  -stay short
Nifty Daily  JNSAR  5428  -stay short
Nifty Hourly JNSAR  5237  -stay short 


Nifty Havala Level
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30-Jun-11   5487


Nifty Aggressive  Trading
---------------------------------
Range 56  min 5390 max 5290
STOP LOSS 10 points only.


Support and Resistance
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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 5400


Trade Conclusion
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Below 5200 => I will short the market for target 5101.
5281-5330 is the resell area with strict stop loss.