Nifty trading range for the day 5738-5615.
Market may trade in a very tight range till the RBI policy review on 25th January and Futures expiry on 27th January.
Trade Level for 21st Jan2011
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BUY @5714 -5727-5750-5766-5786-5812-5845
SELL @5667-5654-5632-5615-5595-5569-5536
VOLUME PROFILE
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5650-5695-5725-5745-5763-5785-5798-5810-5821
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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5-EMA 13-EMA 21-EMA 34-EMA 55-EMA 89-EMA 144-EMA 233-EMA
5,715.4 5,796.9 5,848.5 5,891.9 5,912.5 5,880.2 5,776.6 5,590.5
Market profile
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VAH - 5694, POC - 5668, VAL - 5642
MOVING AVERAGE PRICE CHANNEL(http://pricechannelsystem.blogspot.com/)
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21th Jan NIFTY : HOLDING SHORT @5988 STOPLOSS 5768
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
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21th Jan NIFTY :HOLDING SHORT @6092 STOPLOSS 5768
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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21th Jan NIFTY : MIN 5633 MAX 5789 RANGE 77
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