NIFTY Views - for 09th July 2012:

In Monthly Time Frame:

 - Bullish Engulfing

 - Resistance @ 5339

In Weekly Time Frame: 

 - Rising Wedge

 - Rising Volume with Small Range - So -Ready for a Move !!

 - Support @ 5285

 

GAP Remaining @  5150 ~ 5189

 

In Daily Time Frame:

RSI              -  Uptrend

Bollinger       -  Consolidation

In 30 min Time frame:

RSI              -  Up Trend

Bollinger       -  Consolidation

 

So Now,
BUY: near 5150 , If Nifty goes to Fill the gap TGT 5400 ~ 5425 , SL 5125 in this week.

SELL: 1) Short for Short term below 5300, TGT 5250

2) Short near 5425 TGT 5185 , SL 5448 with Bearish Candle pattern in 30 min !!