Nifty Analysis And Bank Nifty Analysis For 2ndSep2011

Nifty Conservative Trading
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Nifty Monthly Long above 5705(HEMA) and 5167 (LEMA) (TREND UP ABOVE 5399)
Nifty Weekly Long above 5162(HEMA) and 4908(LEMA) (TREND UP ABOVE 5016)
Nifty Daily Long above 4960(HEMA) and 4851 (LEMA) (TREND UP ABOVE 4915)
Nifty Hourly Long above 4909(HEMA) and 4877 (LEMA) (TREND UP ABOVE 4900)


Nifty JNSAR
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Nifty Weekly JNSAR 5174 -stay short
Nifty Daily JNSAR 4942 -stay long
Nifty Hourly JNSAR 4877 -stay long


Nifty Havala Level
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30-July-11 4840


Nifty Aggressive Trading
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Range 56 max 5075 min 4980
STOP LOSS 10 points only.


Support and Resistance
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4680-4784-4810-4865-4951-(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 
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Support 4700/4800
Resistance 5000


Trade Conclusion
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Daily and Weekly chart have shown bullish reversal. Go Long ..............
This upmove may face resistance at 5060.


We may move upto 5165.if this upmove is halted before 5160 , we may turn down to make new low below 5726.
Selling can be done 5165-5200 level for target below 5726.




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