NIFTY Views - for 19th July 2012:

Nifty goes till initial Pivot, Got Resisted & then went back to Support S1 (Pivot point). 60 min chart gave Bullish Divergences + Bollinger band turns Up (Big Money is buying, confirmation will come within 2 days).

I Bought at 5174 for a Target of R1 - 5225 intraday, but cam out at last at the End of Day.

Profit = 34 Points in Nifty Future 

In Monthly Time Frame:  Down Trend

In Weekly Time Frame:   Up Trend    with   Gap Partially Filled of 5150 ~ 5189

In Daily Time Frame:

RSI              -  Took support at 40- First Sign of Bullishness

Bollinger       -  Consolidation

In 60 min Time frame:

RSI              -  Bullish Divergence

Bollinger       -  Up trend

Nifty Didn't show much strength today, but as per Technical Analysis:-

BUY:  Above 5236 , TGT 5255,  SL 5200.

SELL: Short if doesn't sustain above 5236 !! Can touch again 5190.