Nifty Analysis And Bank Nifty Analysis For 5thSep2011

Nifty Conservative Trading
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Nifty Monthly Long above 5492(HEMA) and 5109 (LEMA) (TREND UP ABOVE 5279)
Nifty Weekly  Long above 5178(HEMA) and 4908(LEMA) (TREND UP ABOVE 5029)
Nifty Daily   Long above 4995(HEMA) and 4898 (LEMA) (TREND UP ABOVE 4957)
Nifty Hourly  Long above 5045(HEMA) and 5010 (LEMA) (TREND UP ABOVE 5029)


Nifty JNSAR
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Nifty Weekly JNSAR 5181 -stay short
Nifty Daily  JNSAR 4960 -stay long
Nifty Hourly JNSAR 5012 -stay long


Nifty Havala Level
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4840 (August Closing)


Nifty Aggressive Trading
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Range 56 max 5100 min 5000
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 4900
Resistance 5100


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