Nifty Analysis for 5thApril2011

Nifty Weekly will be in buy mode above 5769.
Nifty Daily  will be in buy mode above 5836.
Till then we are in uptrend.




Other activities show up  move ahead
Long Build Up =>Nifty Open Interest for April stands at 2,70,04,600 up by 23,24,400 with increase in price 
Bullish =>  unwinding seen @  5200-5900 CE ,Addition in 6000 CE
Bullish=>  put  writing  seen at @ 5400PE to 6200 PE


As per volume profile ,5826 and 5790 are two important support for Nifty.


Nifty daily and weekly both r in buy mode.
Nifty monthly will be in buy mode above 5918.


STAY LONG => IF 5840 IS PROTECTED  


Alternate view is to short nifty near 5930 to 5965 level with  strict stop loss of 10/15 points (Against the trend)


VOLUME PROFILE
----------------------------------------------------------------
(5437-5437)-(5444-5466)-(5475-5494)-(5513-5532)-5570-5600-(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.


Nifty Expiry
--------------------------------------------------------------------------------------------------------------------------------
Expiry Date,NIFTY Index Value,Change in NIFTY value compared to previous close,% change in NIFTY value compared to previous  close
29-Apr-10,5254.15,38.7,0.74%
27-May-10,5003.1,85.7,1.74%
24-Jun-10,5320.6,-2.55,-0.05%
29-Jul-10,5408.9,11.35,0.21%
26-Aug-10,5477.9,15.55,0.28%
30-Sep-10,6029.95,38.65,0.65%
28-Oct-10,5987.7,-24.95,-0.41%
25-Nov-10,5799.75,-66,-1.13%
30-Dec-10,6101.85,41.5,0.68%
27-Jan-11,5604.3,-83.1,-1.46%
24-Feb-11,5262.7,-174.65,-3.21%
31-Mar-11,5833.75,46.1,0.80%



Nifty Trading Method 1 (STAY WITH MAIN TREND)
-------------------------------------------------------------------------------------------------------------
STAY LONG IF 5769 IS PROTECTED.




Nifty Trading Method 2 (Aggresive-Volatility Breakout)
-------------------------------------------------------------------------------------------------------------
VOLATILITY :37
MIN :5870
MAX :5946




GO LONG ABOVE  5946   STOPLOSS (10 point or 15% of VOLATILITY)
GO SHORT BELOW 5870   STOPLOSS (10 point or 15% of VOLATILITY)


Nifty Trading Method 3 (J10-SAR)
-------------------------------------------------------------------------------------------------------------
SAR  5722