Nifty Analysis And Bank Nifty Analysis For 30Sep2011

Indicator 
-----------------------------
Nifty Monthly  Oversold (Bearish below 5271)
Nifty Weekly   bullish(Bearish below 5000)
Nifty Daily    bullish(Bearish below 4969)
Nifty Hourly   bullish(Bearish below 4988)  


Trend Indicator
--------------------------------
Nifty Monthly Long above 5526(HEMA) and 5031(LEMA) (TREND UP ABOVE 5271)
Nifty Weekly  Long above 5122(HEMA) and 4845(LEMA) (TREND UP ABOVE 5000)
Nifty Daily   Long above 5007(HEMA) and 4901(LEMA) (TREND UP ABOVE 4969)
Nifty Hourly  Long above 5000(HEMA) and 4968(LEMA) (TREND UP ABOVE 4988)


JNSAR
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Nifty Weekly JNSAR 4954 -stay long
Nifty Daily  JNSAR 4972 -stay long
Nifty Hourly JNSAR 4944 -stay long


Nifty Havala Level
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4840 (August Closing)


Nifty Aggressive Trading
---------------------------------
Range 98  max 4916  min 5113
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    4900
Resistance 5200


Trade Conclusion
--------------------------------
Only above 5060, maintain long position(Added filter of 60 points) 


Nifty may face  resistance at 4958-5010-5039-5060
Nifty may face  support    at 4914


Overall Trend remain down.
Below 4900 -> extremely bearish 
Above 5060 -> bullish 
No great signal today -> trade light  or stay out 


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