Technical Analysis For 4/09/2012

Nifty-cmp-5253

Nifty closed on a slightly bearish note at 5253. So today the immediate resistance for nifty is at 5264 level. Next resistance levels are at 5285 and 5317. On downside The first
support is 5233 other support are 5212 and 5180 at level.
So on next session of trading expected to range bound between 5200 and 5300 .global market having little sideway sentiment

sentiment-   03 September 2012: PCR_OI:1 PCR:0.851 
03 September 2012 Premium: 29.15 Futures OI:19744500.0 

Weekly Oscillator Analysis its time to retrace down side

Daily Short Term Oscillator Analysis- oversold zone if banknifty support nifty can retrace up side for short term

Intraday Reccomondation for 3/09/2012

Buy above @155.30 tgt-158.6,160.5 and 163.8 tl sl-153.50

Technical Analysis For 3/09/2012

Nifty-cmp-5258

Nifty closed on a slightly bearish note at 5258. So today the immediate resistance for nifty is at 5267 level. Next resistance levels are at 5295 and 5331. On downside The first
support is 5231 other support are 5203 and 5166 at level.
So on next session of trading expected to range bound between 5200 and 5300 .global market having little bulish sentiment

sentiment-  31 August 2012: PCR_OI:0.945 PCR:0.907
31 August 2012 Premium: 33.15 Futures OI:19596800.0 

Weekly Oscillator Analysis its time to retrace down side

Daily Short Term Oscillator Analysis- oversold zone if banknifty support nifty can retrace up side for short term