Nifty Analysis for 1stFeb2011

Nifty Weekly will be in buy mode above 5752.
Nifty Daily  will be in buy mode above 5648.
Till then we are in downtrend.


Other activities suggests bearishness like ............
Short Build UP =>  Nifty futures OI stands 20455250 up by 28000 ,with decrease in price. 
Bearish =>         small % of unwinding seen in 5600PE,5700PE,5800PE.
Bearish =>         large % of call witing seen in 5300CE,5400CE,5500CE 
If scenerio is not changed we are heading towards more downwards in nifty. Lets see 2morrow.


Trade Level  for 1stFeb2011
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BUY  @5490-5510-5546-5571-5604-5645-5698
SELL @5413-5393-5357-5332-5299-5258-5205




VOLUME PROFILE
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(5454-5473)-5487-(5506-5513)-5600-(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   5582
13ema  5679
21ema  5745
34ema  5809
55ema  5855
89ema  5847
144ema 5764
233ema 5592


Market profile 
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VAH - 5526, POC - 5498, VAL - 5470


Volume Weighted Average Price (VWAP)
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5486.53


PREVIOUS MONTH NIFTY EXPIRY
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30-Dec-10--6101.85--41.50--0.68%
27-Jan-11--5604.30--83.10--(-1.46%)


MOVING AVERAGE PRICE CHANNEL(http://pricechannelsystem.blogspot.com/)
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We will initiated long position if nifty manage to close above 5748.


J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
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We will initiated long position if nifty manage to close above 5648.


VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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1stFeb2011  NIFTY : MIN 5454  MAX 5557 RANGE 51


Daily and weekly level 
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NIFTY WEEKLY =>ABOVE  5752BUY)
NIFTY DAILY  =>ABOVE  5648(BUY) 




Open Interest Study
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As of now ,
Strong Support   @5400 
Strong Resistane @5800