Nifty Analysis for march07 2011

Nifty Weekly will be in buy mode above 5607.
Nifty Daily  will be in buy mode above 5542.
Till then we are in downtrend.

Other activities show down move ahead
short Build Up =>Nifty Open Interest for March stands at 2,27,05,000 up by 9,08,850 with decrease in price
Bullish=>  Call unwinding seen @5100 to 5500 CE
Bullish=>  put  writing seen @ 5500 to 5900 PE

OI STUDY Suggests Market inclined little downside and more upside.

Nifty will face resistance @5590 to 5612 .Then @ 5644.
In short ,If Nifty Trade above 5650  ,Go LONG .
ELSE SHORT IT  STOP LOSS IS 5612.

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   5481
13ema 5451
21ema  5469
34ema  5526
55ema  5610
89ema  5675
144ema 5671
233ema 5575
 
Market profile
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VAH - 5572, POC - 5548, VAL - 5524


Volume Weighted Average Price (VWAP)
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5560.12


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 above 5454.


J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
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We will initiated short position if nifty manage to close above 5454.


VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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21stFeb2011  NIFTY :MIN  5,444  MAX 5,632 RANGE 93


Daily and weekly level
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NIFTY WEEKLY =>ABOVE  5607(BUY)
NIFTY DAILY  =>ABOVE  5542(BUY)


Open Interest Study
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As of now ,
Strong Support   @5400
Strong Resistane @5600