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 24th 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
5,709.1 5,782.5 5,834.7 5,880.7 5,904.8 5,876.1 5,775.5 5,591.4
Market profile
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VAH - 5712, POC - 5702, VAL - 5692
MOVING AVERAGE PRICE CHANNEL(http://pricechannelsystem.blogspot.com/)
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24th Jan NIFTY : HOLDING SHORT @5988 STOPLOSS 5750
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
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24th Jan NIFTY :HOLDING SHORT @6092 STOPLOSS 5750
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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24th Jan NIFTY : MIN 5630 MAX 5762 RANGE 65
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