Nifty Analysis for 28th Jan 2011

IF NIFTY IS ABLE TO SUBSTAIN  ABOVE 5651 ,THERE WILL BE HOPE FOR BULLS.
IF NIFTY MANAGE TO CLOSE ABOVE 5715 WILL CONFIRM BULL RIDE.
NIFTY WEEKLY STILL IN SELL MODE ,IF NIFTY MANAGE TO CLOSE ABOVE 5823,THEN WEEKLY =>BUY MODE.
OTHERWISE ,SELL NIFTY WITH STOPLOSS @5651

Trade Level  for 28th Jan2011
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BUY @5719-5737-5768-5790-5818-5854-5900
SELL @5654-5636-5605-5583-5555-5519-5473


VOLUME PROFILE
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(5606-5615)-(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   5674
13ema  5741
21ema  5794
34ema  5847
55ema  5881
89ema  5863
144ema 5771
233ema 5593


Market profile 
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VAH - 5712, POC - 5680, VAL - 5648


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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28th 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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28th Jan NIFTY :HOLDING SHORT @6092    STOPLOSS 5750.
Position Closed. 5750 .Currently no open position
We will initiated long position if nifty manage to close above 5715.


VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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28th Jan NIFTY : MIN 5551  MAX 5657 RANGE 52


Daily and weekly level 
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NIFTY WEEKLY =>ABOVE  5823(BUY)
NIFTY DAILY  =>ABOVE    5715(BUY)