Nifty Analysis for 9thMarch2011

Nifty Weekly will be in buy mode above 5581.
Nifty Daily  will be in buy mode above 5527.
Till then we are in uptrend


Other activities show up  move ahead
Long Build up =>Nifty Open Interest for March stands at 2,10,13,400 up by 2,03,350 with increase in price
Bullish=>  Call writng seen 5700 CE, unwinding seen in 5400CE,5500CE,5600CE
Bullish=>  put  writing  seen at 5400PE,5500PE


Oi study at this point of time suggest ,Market is getting ready for upward movement.


Go LONG @MaketPrice STOPLOSS 5480  Resistance placed at this level 5539 , 5565-5590,5612


Go SHORT IF MARKET TRADE BELOW 5480  STOPLOSS 5480(+/- 10 points)  [chances are less]

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   5475
13ema  5453
21ema  5468
34ema  5523
55ema  5605
89ema  5671
144ema 5668
233ema 5574

Market profile
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VAH - 5540, POC - 5524, VAL - 5508

Volume Weighted Average Price (VWAP)
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5521.42

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%)
24-Feb-11,5262.7,-174.65,(-3.21%)


MOVING AVERAGE PRICE CHANNEL(http://pricechannelsystem.blogspot.com/)
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We will initiated short position if nifty manage to close below 5468.


J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
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We will initiated short position if nifty manage to close below 5468.


VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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9th March  NIFTY :MIN  5425 MAX 5616 RANGE 95

Daily and weekly level
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NIFTY WEEKLY =>ABOVE  5581(BUY)
NIFTY DAILY  =>ABOVE  5527(BUY)

Open Interest Study
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As of now ,
Strong Support   @5400-5500
Strong Resistane @5700