Jan 15, 2011

Index Analysis for 17thJan2011

Nifty for 17 Jan 2011

BUY @5799-5824-5870-5903-5944-5997-6064
SELL @5702-5677-5631-5598-5557-5504-5437



NIFTY EMA
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10DMA & 10EMA   : 5910 & 5852
20DMA & 20EMA   : 5966 & 5914
30DMA & 30EMA   : 5950 & 5938
50DMA & 50EMA   : 5985 & 5949
100DMA & 100EMA : 5948 & 5875
200DMA & 200EMA : 5605 & 5648
300DMA & 300EMA : 5425 & 5436


VOLUME PROFILE
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Maximum volume participation have been seen at these level for Nifty
5647 ->5659->5705-5729->5745-5763->5785-5798->5810->5821
These level can play role of major support and resistance for nifty upwards movements.
For those  already short -> 5705-5729 provide resistance for nifty and can be used for placing stoploss.


MOVING AVERAGE PRICE CHANNEL(http://pricechannelsystem.blogspot.com/)
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17th Jan NIFTY : HOLDING SHORT @5988  STOPLOSS 5854


J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
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17th Jan NIFTY :HOLDING SHORT @6092   SHORT 5854


VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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17th Jan NIFTY : MIN 5,580.95  MAX 5,728.15   RANGE 73


Nifty Option Analyisis
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Option positions indicate the support at 5600 level




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