Index Analysis for 19thJan2011

Nifty Level for 19th Jan2011

BUY @5700-5709-5726-5739-5754-5774-5799
SELL @5663-5654-56375624-5609-5589-5564



Above 5690 ,stay in long. If market is unable to hold 5680 and start trading below it ,then short.
Volume Profile clearly states that nifty will face many resistance to reach 5800.
5800 is J10  level to go long  on 19/1/2011
Primary Trend :down 
Secondary Trend : Up

EMA 

5ema  5730.362769
10ema 5800.797101
22ema 5883.338809
50ema 5929.12549
83ema 5898.99454
100ema 5869.985762



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  (14Jan2011)
Maximum volume participation is seen in nifty @ 5630-5670 (17Jan2011)
Maximum volume participation @5685-5698 ,5723             (18Jan2011)

  
Market profile 
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VAH - 5710, POC - 5696, VAL - 5682


MOVING AVERAGE PRICE CHANNEL(http://pricechannelsystem.blogspot.com/)
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19th Jan NIFTY : HOLDING SHORT @5988  STOPLOSS 5800




J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
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19th Jan NIFTY :HOLDING SHORT @6092    STOPLOSS 5800


VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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19th Jan NIFTY : MIN 5639  MAX 5808 RANGE 84