May 17, 2011

NIFTY & BANK NIFTY May18,2011

Nifty Conservative Trading
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Nifty Weekly Long above 5688(HEMA)  and 5509 (LEMA)
Nifty Daily  Long above 5559(HEMA)  and 5469 (LEMA) 


Only a close above 5688 =>  should be used to take long position
Since overall trend remain down below 5559.
Avoid long till 5559.Exploring shorting opportunity will be advisable.




Nifty Aggresive  Trading
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Range 56  min 5382 max 5495
STOPLOSS 10 points only.


Nifty  JNSAR
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Nifty Weekly JNSAR  5620
Nifty Daily  JNSAR  5539


Bank Nifty Conservative Trading
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Bank Nifty Weekly Long above 11369(HEMA)  and 10889 (LEMA)
Bank Nifty Daily  Long above 11050(HEMA)  and 10987 (LEMA) 


Only a close above 11369=>  should be used to take long position
Since overall trend remain down below 11050.
Avoid long till 11369.Exploring shorting opportunity will be advisable.


Bank Nifty Aggresive  Trading
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Range 186  min 10481 max 10855
STOPLOSS 20 points only.


Bank Nifty  JNSAR
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Bank Nifty Weekly JNSAR  11180
Bank Nifty Daily  JNSAR  10987