Nifty Analysis And Bank Nifty Analysis For 14thSep2011

Indicator 
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Nifty Monthly  Oversold -Bearish
Nifty Weekly   Bullish (Below 4900 will turn bearish)
Nifty Daily    Bearih Reversal


Trend Indicator
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Nifty Monthly Long above 5526(HEMA) and 5081(LEMA) (TREND UP ABOVE 5246)
Nifty Weekly  Long above 5127(HEMA) and 4917(LEMA) (TREND UP ABOVE 5006)
Nifty Daily   Long above 5062(HEMA) and 4963 (LEMA) (TREND UP ABOVE 5001)
Nifty Hourly  Long above 4976(HEMA) and 4942 (LEMA) (TREND UP ABOVE 4954)


JNSAR
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Nifty Weekly JNSAR 5075 -stay short
Nifty Daily  JNSAR 5043 -stay short
Nifty Hourly JNSAR 4978 -stay short


Nifty Havala Level
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4840 (August Closing)


Nifty Aggressive Trading
---------------------------------
Range 56 max 5077 min 4867
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 5000/5100


Trade Conclusion
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Any pullback towards 5040/5060 can be used to create short with strict stop loss.
Fresh Short only below 4890 .


Bullish Possibilities exists detailed in Fib Chart(pullback trade).
Hope that helps .Take care .Have a happy trading.

Bank Nifty Analysis on http://tradeinbankonly.blogspot.com