Nifty Analysis And Bank Nifty Analysis For 27Sep2011

Indicator 
-----------------------------
Nifty Monthly  Oversold (Bearish below 5211)
Nifty Weekly   Bearish  (Bearish below 4940)
Nifty Daily    Bearish  (Bearish below 4932)
Nifty Hourly   Bearish  (Bearish below 4834)  


Trend Indicator
--------------------------------
Nifty Monthly Long above 5526(HEMA) and 5031(LEMA) (TREND UP ABOVE 5211)
Nifty Weekly  Long above 5070(HEMA) and 4845(LEMA) (TREND UP ABOVE 4940)
Nifty Daily   Long above 4991(HEMA) and 4881(LEMA) (TREND UP ABOVE 4932)
Nifty Hourly  Long above 4852(HEMA) and 4812(LEMA) (TREND UP ABOVE 4834)


JNSAR
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Nifty Weekly JNSAR 5043 -stay short
Nifty Daily  JNSAR 5046 -stay short
Nifty Hourly JNSAR 4836 -stay short


Nifty Havala Level
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4840 (August Closing)


Nifty Aggressive Trading
---------------------------------
Range 85  max 4920  min 4750
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    4800
Resistance 5000


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.Fresh selling zone around 4939 -4950  
Overall Trend remain down.However,Pullback can happen around these levels for 4930-4950. Aggressive long can be taken with strict stoploss.Expiry may happen in 4800-4950 range.(As per Elliot Wave and Fibonacci).


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