Nifty Analysis And Bank Nifty Analysis For 6thSep2011

Nifty Conservative Trading
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Nifty Monthly Long above 5492(HEMA) and 5099(LEMA) (TREND UP ABOVE 5271)
Nifty Weekly  Long above 5129(HEMA) and 4927(LEMA) (TREND UP ABOVE 5025)
Nifty Daily   Long above 5007(HEMA) and 4920 (LEMA) (TREND UP ABOVE 4977)
Nifty Hourly  Long above 5019(HEMA) and 4990 (LEMA) (TREND UP ABOVE 5007)


Nifty JNSAR
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Nifty Weekly JNSAR 5136 -stay short
Nifty Daily  JNSAR 4920 -stay long
Nifty Hourly JNSAR 4990 -stay long


Nifty Havala Level
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4840 (August Closing)


Nifty Aggressive Trading
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Range 56 max 5065 min 4960
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 4800
Resistance 5100


Trade Conclusion
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Daily and Weekly chart have shown bullish reversal. Go Long .............. only if 4960 is protected 
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