Nifty Analysis And Bank Nifty Analysis For 15thSep2011

Indicator 
-----------------------------
Nifty Monthly  Oversold -Bearish
Nifty Weekly   Bullish
Nifty Daily    Bearih Reversal (Below 5060 will turn bullish)


Trend Indicator
--------------------------------
Nifty Monthly Long above 5526(HEMA) and 5081(LEMA) (TREND UP ABOVE 5270)
Nifty Weekly  Long above 5127(HEMA) and 4917(LEMA) (TREND UP ABOVE 5030)
Nifty Daily   Long above 5050(HEMA) and 4948(LEMA) (TREND UP ABOVE 5005)
Nifty Hourly  Long above 5005(HEMA) and 4968(LEMA) (TREND UP ABOVE 4987)


JNSAR
---------------------------------------
Nifty Weekly JNSAR 5076 -stay short
Nifty Daily  JNSAR 5037 -stay short
Nifty Hourly JNSAR 4962 -stay long


Nifty Havala Level
-----------------------------------------------
4840 (August Closing)


Nifty Aggressive Trading
---------------------------------
Range 56 max 5067 min 4874
STOP LOSS 10 points only.


Support and Resistance
--------------------
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 
-----------------------
Support    4700/4800
Resistance 5100/5200


Trade Conclusion
--------------------------------
Any pullback towards 5040/5060 can be used to create short with strict stop loss.
Above 5060 ,go long for target of  5165.
Bullish Possibilities exists detailed in Fib Chart(pullback trade).



Stop-loss is an essential risk control mechanism and it should always be there.


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