Nifty Analysis And Bank Nifty Analysis For 26Sep2011

Indicator 
-----------------------------
Nifty Monthly  Oversold (Bearish below 5222)
Nifty Weekly   Bearish  (Bearish below 5000)
Nifty Daily    Bearish  (Bearish below 4900)
Nifty Hourly     Bearish  (Bearish below 4886)  


Trend Indicator
--------------------------------
Nifty Monthly Long above 5526(HEMA) and 5054(LEMA) (TREND UP ABOVE 5244)
Nifty Weekly  Long above 5166(HEMA) and 4888(LEMA) (TREND UP ABOVE 5000)
Nifty Daily   Long above 5046(HEMA) and 4943(LEMA) (TREND UP ABOVE 4981)
Nifty Hourly  Long above 4913(HEMA) and 4869(LEMA) (TREND UP ABOVE 4886)


JNSAR
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Nifty Weekly JNSAR 5043 -stay short
Nifty Daily  JNSAR 5046 -stay short
Nifty Hourly JNSAR 4906 -stay short


Nifty Havala Level
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4840 (August Closing)


Nifty Aggressive Trading
---------------------------------
Range 85  max 4953  min 4782
STOP LOSS 15-20 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 
-----------------------
Support    4700/4800
Resistance 5100/5200


Trade Conclusion
--------------------------------
Only above 5000, maintain long position .........
Nifty may face  resistance at 4935-4950-5010
Nifty may face  support    at 4718 -4821


Below 4800 => Extremely bearish 


Pullback can happen around these levels. Aggresive long can be taken with strict stoploss.explained in Fib Chart


Stop-loss is an essential risk control mechanism and it should always be there.
Part booking help you to manage risk.


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