Nifty Analysis for 10thFeb2011

Nifty Weekly will be in buy mode above 5645.
Nifty Daily  will be in buy mode above 5434.
Till then we are in downtrend.


Other activities show down move ahead 
Huge Short Buildup=> Nifty Open Interest for February stands at 2,56,97,900 up by 3,88,950 with decrease in price 
Bearish=>  large % of call witing seen in 5100CE,5200CE,5300CE
Bearish=>  small % of unwinding seen in 5300PE,5400PE,5500PE.


If NIFTY TRY TO TRADE OVER 5318 THEN THERE IS HOPE FOR BULLS 
OTHERWISE ..........................MORE DOWNSIDE WILL COME.



Trade Level  for 10thFeb2011
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BUY  @5343-5360-5390-5412-5439-5474-5518
SELL @5280-5263-5233-5211-5184-5149-5105




VOLUME PROFILE
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5318-5399-5427-5436-(5444-5466)-(5498-5518)-5525-5600-(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   5,351.7 
13ema  5,475.5
21ema  5,566.5
34ema  5,665.8
55ema  5,749.7
89ema  5,780.7
144ema 5,729.5
233ema 5,580.8



Market profile 
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VAH - 5328, POC - 5290, VAL - 5252




Volume Weighted Average Price (VWAP)
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5294.82




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 5628.




J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
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We will initiated long position if nifty manage to close above 5434.




VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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10thFeb2011  NIFTY : MIN 5189  MAX 5317 RANGE 63




Daily and weekly level 
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NIFTY WEEKLY =>ABOVE  5645(BUY)
NIFTY DAILY  =>ABOVE  5434(BUY) 




Open Interest Study
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As of now ,
Strong Support   @5200
Strong Resistane @5400