Technical Analysis For 21/08/2012

Nifty-cmp-5366

Nifty closed on a slightly bullish note at 5366. So today the immediate resistance for
nifty is at 5369 level. Next resistance levels are at 5397, 5428 and 5455. On downside The first
support is 5339 other support are 5311 and 5280 at level.
So on next session of trading expected to downside range bound between 5300 and 5400 below 5339 may move down side .even global market having no movementum and sideway

Sentiment- 17 August 2012: PCR_OI:1.31 PCR:1.17 (diff +0.07)
17 August 2012 Premium: 16.05 Futures OI:25609100.0

Weekly Oscillator Analysis-The oscillator is upside
Daily Short Term Oscillator Analysis- sideway and now expected to move downside in daily chart .Nifty loosing movementum ,showing little bit overbought ATR range-(5425-5307)

Daily Chart