Nifty Analysis And Bank Nifty Analysis For 19th Sep2011

Indicator 
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Nifty Monthly  Oversold -Bearish
Nifty Weekly   Bullish
Nifty Daily    Bullish (Below 5060 Bearish)


Trend Indicator
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Nifty Monthly Long above 5526(HEMA) and 5081(LEMA) (TREND UP ABOVE 5294)
Nifty Weekly  Long above 5164(HEMA) and 4917(LEMA) (TREND UP ABOVE 5054)
Nifty Daily   Long above 5090(HEMA) and 4992(LEMA) (TREND UP ABOVE 5047)
Nifty Hourly  Long above 5114(HEMA) and 5079(LEMA) (TREND UP ABOVE 5094)


JNSAR
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Nifty Weekly JNSAR 5081 -stay short
Nifty Daily  JNSAR 5020 -stay long
Nifty Hourly JNSAR 5090 -stay short


Nifty Havala Level
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4840 (August Closing)


Nifty Aggressive Trading
---------------------------------
Range 64  max 5148  min 5019
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    4900/5000
Resistance 5100/5200


Trade Conclusion
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Above 5060, maintain long position .........
Elliot Wave and Fibonacci Suggesting , we may travel to 5200/5350. (Stoploss 5040/5060)
Nifty may face  resistance at 5175-5210 /5325-5350


Below 4910 /4890 => Extremely bearish 


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