Nifty and Bank Nifty Analysis For 16th September

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 5291)
Nifty Weekly  Long above 5147(HEMA) and 4917(LEMA) (TREND UP ABOVE 5051)
Nifty Daily   Long above 5060(HEMA) and 4954(LEMA) (TREND UP ABOVE 5029)
Nifty Hourly  Long above 5053(HEMA) and 5017(LEMA) (TREND UP ABOVE 5042)


JNSAR
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Nifty Weekly JNSAR 5079 -stay short
Nifty Daily  JNSAR 5027 -stay long
Nifty Hourly JNSAR 5008 -stay long


Nifty Havala Level
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4840 (August Closing)


Nifty Aggressive Trading
---------------------------------
Range 56 max 5136 min 4918
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 .........
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