Nifty Analysis for 24Jan2011

Nifty trading range for the day 5738-5615. 

Market may trade in a very tight range till the RBI policy review on 25th January and Futures expiry on 27th January.

Trade Level  for 24th Jan2011

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BUY @5714 -5727-5750-5766-5786-5812-5845

SELL @5667-5654-5632-5615-5595-5569-5536

VOLUME PROFILE

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5650-5695-5725-5745-5763-5785-5798-5810-5821 

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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5-EMA 13-EMA   21-EMA 34-EMA 55-EMA 89-EMA 144-EMA 233-EMA 

5,709.1  5,782.5 5,834.7 5,880.7         5,904.8 5,876.1 5,775.5   5,591.4 

Market profile 

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VAH - 5712, POC - 5702, VAL - 5692

MOVING AVERAGE PRICE CHANNEL(http://pricechannelsystem.blogspot.com/)

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24th Jan NIFTY : HOLDING SHORT @5988  STOPLOSS 5750

J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)

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24th Jan NIFTY :HOLDING SHORT @6092    STOPLOSS 5750

VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)

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24th Jan NIFTY : MIN 5630  MAX 5762 RANGE 65

Nifty Analysis for 21st Jan 2011

Nifty trading range for the day 5738-5615. 
Market may trade in a very tight range till the RBI policy review on 25th January and Futures expiry on 27th January.


Trade Level  for 21st Jan2011
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BUY @5714 -5727-5750-5766-5786-5812-5845
SELL @5667-5654-5632-5615-5595-5569-5536


VOLUME PROFILE
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5650-5695-5725-5745-5763-5785-5798-5810-5821 
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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5-EMA 13-EMA         21-EMA          34-EMA 55-EMA 89-EMA 144-EMA 233-EMA 
5,715.4          5,796.9          5,848.5            5,891.9   5,912.5           5,880.2   5,776.6        5,590.5


Market profile 
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VAH - 5694, POC - 5668, VAL - 5642




MOVING AVERAGE PRICE CHANNEL(http://pricechannelsystem.blogspot.com/)
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21th Jan NIFTY : HOLDING SHORT @5988  STOPLOSS 5768




J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
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21th Jan NIFTY :HOLDING SHORT @6092    STOPLOSS 5768


VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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21th Jan NIFTY : MIN 5633  MAX 5789 RANGE 77

Nifty Analysis for 20Jan2010

Nifty Level for 20th Jan2011

BUY @5745-5756-5776-5791-5809-5833-5862
SELL @5702-5691-5671-5656-5638-5615-5585



EMA 
5ema  5717.25 
10ema 5780.84
21ema 5862.64
34ema 5902.78
55ema 5920




VOLUME PROFILE
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Date                 Volume participation level
14012011        5647 ->5659->5705-5729->5745-5763->5785-5798->5810->5821  
17012011        5630-5670
18012011        5685-5698 ,5723  
19012011        5732-5742,5692,5700     

       




Market profile 
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VAH - 5710, POC - 5696, VAL - 5682


MOVING AVERAGE PRICE CHANNEL(http://pricechannelsystem.blogspot.com/)
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20th Jan NIFTY : HOLDING SHORT @5988  STOPLOSS 5780


J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
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20th Jan NIFTY :HOLDING SHORT @6092    STOPLOSS 5780


VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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20th Jan NIFTY : MIN 5607  MAX 5774 RANGE 83

Index Analysis for 19thJan2011

Nifty Level for 19th Jan2011

BUY @5700-5709-5726-5739-5754-5774-5799
SELL @5663-5654-56375624-5609-5589-5564



Above 5690 ,stay in long. If market is unable to hold 5680 and start trading below it ,then short.
Volume Profile clearly states that nifty will face many resistance to reach 5800.
5800 is J10  level to go long  on 19/1/2011
Primary Trend :down 
Secondary Trend : Up

EMA 

5ema  5730.362769
10ema 5800.797101
22ema 5883.338809
50ema 5929.12549
83ema 5898.99454
100ema 5869.985762



VOLUME PROFILE
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Maximum volume participation have been seen at these level for Nifty
5647 ->5659->5705-5729->5745-5763->5785-5798->5810->5821  (14Jan2011)
Maximum volume participation is seen in nifty @ 5630-5670 (17Jan2011)
Maximum volume participation @5685-5698 ,5723             (18Jan2011)

  
Market profile 
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VAH - 5710, POC - 5696, VAL - 5682


MOVING AVERAGE PRICE CHANNEL(http://pricechannelsystem.blogspot.com/)
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19th Jan NIFTY : HOLDING SHORT @5988  STOPLOSS 5800




J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
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19th Jan NIFTY :HOLDING SHORT @6092    STOPLOSS 5800


VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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19th Jan NIFTY : MIN 5639  MAX 5808 RANGE 84

Market Profile

Market  Profile exposes you to  VAL(Value Low),POC(Power of control), VAH(Value High).

VAL: Value Low - trading below it downward pressure similar to "Low ema".
POC: Power of control - Having moved above VAL, it needs to move above this point to have some control over uptrend similar to "Close ema".
VAH: Value High - Having captured POC, it needs to stay above this to assert itself of the uptrend and move higher to create new values similar to "High ema".



When Nifty is below VAL: Stay short & if far away from it and at a support zone, cover.
When Nifty is between VAL & VAH, Trade as in a sideways market.
When Nifty is above VAH, stay long and book out at earlier resistances or target areas.
There are VAH, POC, VAL for various time cycles. Have them in your trading plan to play it better.
From Now onwards I will be publishing market profile for daily as well as weekly.


Market Profile for 18Jan2010
Daily VAH - 5680, POC - 5664, VAL - 5648
Weekly VAH - 5878, POC -5812, VAL - 5746

Index Analysis for 18thJan2011

Nifty closed at the same level @5654.so calculation remain the same for 18Jan2011 .
Primary trend still remain down.


Maximum volume participation is seen in nifty @ 5630-5670 as shown in picture below.
All long position taken should have stoploss @5630.
All short position taken should have stoploss @5705-5729

Nifty for 18 Jan 2011
BUY @5799-5824-5870-5903-5944-5997-6064
SELL @5702-5677-5631-5598-5557-5504-5437

NIFTY EMA
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10DMA & 10EMA   : 5910 & 5852
20DMA & 20EMA   : 5966 & 5914
30DMA & 30EMA   : 5950 & 5938
50DMA & 50EMA   : 5985 & 5949
100DMA & 100EMA : 5948 & 5875
200DMA & 200EMA : 5605 & 5648
300DMA & 300EMA : 5425 & 5436


VOLUME PROFILE
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Maximum volume participation have been seen at these level for Nifty
5647 ->5659->5705-5729->5745-5763->5785-5798->5810->5821  (14Jan2011)
Maximum volume participation is seen in nifty @ 5630-5670 (17Jan2011)
These level can play role of major support and resistance for nifty upwards movements.
For those  already short -> 5705-5729 provide resistance for nifty and can be used for placing stoploss.
All long position taken should have stoploss @5630.


MOVING AVERAGE PRICE CHANNEL(http://pricechannelsystem.blogspot.com/)
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18th Jan NIFTY : HOLDING SHORT @5988  STOPLOSS 5854


J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
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18th Jan NIFTY :HOLDING SHORT @6092   SHORT 5854


VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
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18th Jan NIFTY : MIN 5,580.95  MAX 5,728.15   RANGE 73


Nifty Option Analyisis
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There is almost 30% addition in 5700 CE OI. This will put brake to nifty upward momemtum.
Option positions indicate the support at 5600 level.

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