Nifty Analysis for 12Sep2011

Nifty Conservative Trading
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Nifty Monthly Long above 5526(HEMA) and 5092(LEMA) (TREND UP ABOVE 52861)
Nifty Weekly  Long above 5175(HEMA) and 4920(LEMA) (TREND UP ABOVE 5039)
Nifty Daily   Long above 5124(HEMA) and 5028 (LEMA) (TREND UP ABOVE 5074)
Nifty Hourly  Long above 5108(HEMA) and 5076 (LEMA) (TREND UP ABOVE 5088)


Nifty JNSAR
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Nifty Weekly JNSAR 5140 -stay short
Nifty Daily  JNSAR 5026 -stay long
Nifty Hourly JNSAR 5125 -stay short


Nifty Havala Level
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4840 (August Closing)


Nifty Aggressive Trading
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Range 56 max 5012 min 5185
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  5000
Resistance 5100


Trade Conclusion
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Daily and Weekly chart have shown bullish reversal. Stay long only if 5020 is protected.
This upmove may face resistance at 5075-5108.


Short below 5020 ,target  will be 4930.


Hope that helps .Take care .Have a happy trading.
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