Nifty Analysis 27th Jan2011

IF NIFTY IS ABLE TO HOLD 5680 LEVEL ,THERE IS HOPE FOR THE BULLS.AS VOLUME PROFILE SHOW THAT THIS LEVEL HAVE PROVIDED SUPPORT ON PREVIOUS OCCASION.FAILING WHICH 5630-5640 LEVELS ARE SECOND LINE OF SUPPORT .OTHERWISE 5550 IS ON THE CARD. BUT OPTION DATA SUGGEST 5600 WILL BE PROTECTED.


NIFTY EXPIRY APPEAR TO BETWEEN 5600-5800.


Trade Level  for 27th Jan2011
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BUY @5773-5789-5817-5838-5864-5897-5939
SELL @5712-5696-5668-5647-5621-5588-5546


VOLUME PROFILE
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5630-5640-5680-5725-5745-5763-5772-5785-5798-5810-5821 
MAXIMUM VOLUME PARTICIPATION IS SEEN AT THESE LEVEL FOR NIFTY.
THESE LEVEL CAN PLAY THE ROLE OF IMPORTANT SUPPORT AND RESISTANCE.


Important EMA 
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5ema   5,709.4
13ema  5,764.1 
21ema  5,813.7
34ema  5,862.3
55ema  5,891.5
89ema  5,869.1  
144ema 5,773.8  
233ema 5,593.4 


Market profile 
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VAH - 5800, POC - 5766, VAL - 5720


MOVING AVERAGE PRICE CHANNEL(http://pricechannelsystem.blogspot.com/)
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27th Jan NIFTY : HOLDING SHORT @5988  STOPLOSS 5750 .(Position Closed. 5750 .Currently no open position)




J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
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27th Jan NIFTY :HOLDING SHORT @6092    STOPLOSS 5750.(Position Closed. 5750 .Currently no open position)


VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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27th Jan NIFTY : MIN 5629  MAX 5744 RANGE 57




OPTION DATA ANALYSIS
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STRONG SUPPORT @5600
NIFTY EXPIRY => 5600- 5800
OPTION PAIN => 5700-5800