Nifty Weekly will be in buy mode above 5755.
Nifty Daily will be in buy mode above 5566.
Till then we are in downtrend.
Trend reversal process is @ very begining -> Look for short trades -> Ignore long call unless we start trading above 5600
Today 5498-5518 is zone to watch , if we start trading below -> more downside is to come.
Other activities indicate bullish view
Bullish View => Nifty Open Interest for February stands at 2,18,87,250 down by 1,72,150 with increase in price (Short Covering)
Bullish View => Unwinding seen in 5200CE,5300CE,5400CE,5500CE
Bullish View => Small % of addition in 5500PE,5600PE,5700PE
Trade Level for 4thFeb2011
-----------------------------------------------------------------
BUY @5460-5475-5502-5521-5545-5576-5615
SELL @5403-5388-5362-5342-5318-5287-5248
VOLUME PROFILE
----------------------------------------------------------------
5427-5436-(5454-5473)-(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
-------------------------------------------------------------------
5ema 5505
13ema 5599
21ema 5674
34ema 5753
55ema 5814
89ema 5822
144ema 5751
233ema 5588
Market profile
--------------------------------------------------------------------
VAH - 5544, POC - 5514, VAL - 5482
Volume Weighted Average Price (VWAP)
--------------------------------------
5501.82
PREVIOUS MONTH NIFTY EXPIRY
----------------------------------------------------------------------
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/)
---------------------------------------------------------------------
We will initiated long position if nifty manage to close above 5695.
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated long position if nifty manage to close above 5550.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
4thFeb2011 NIFTY : MIN 5465 MAX 5588 RANGE 51
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5755(BUY)
NIFTY DAILY =>ABOVE 5566(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400
Strong Resistane @5700
Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Feb 3, 2011
Feb 2, 2011
Nifty Analysis for 3Feb2011
Nifty Weekly will be in buy mode above 5738.
Nifty Daily will be in buy mode above 5574.
Till then we are in downtrend.
Other activities suggests mild bearishness like ............
Short Covering => Nifty Open Interest for February stands at 2,20,59,400 down by 2,37,150 with increase in price. (Bullish)
Bullish(mild) => very small % of unwinding seen in 5600PE,5800PE.
Bearish(mild) => Small % of call witing seen in 5300CE,5400CE,5500CE
I dont have clear picture which side market will take turn. Weekly as well as daily is in downtrend.Oi Study suggest down move and strong support @5400 and resistance @5500.There are two possibilities
1. Range bound market between 5400 to 5500
2. Breakout of 5400 (trend continuation ) / Breakout of 5500 (trend Reversal)
Open Interest data @ this point of time suggest Range bound market between 5400 to 5500 /Breakout of 5400 (trend continuation ).
Lets see 2morrow............nifty movement should confirm.
Trade Level for 3rdFeb2011
-----------------------------------------------------------------
BUY @5503-5521-5553-5576-5605-5643-5690
SELL @5434-5416-5384-5361-5332-5294-5247
VOLUME PROFILE
----------------------------------------------------------------
5427-5436-(5454-5473)-5487-(5506-5513)-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
-------------------------------------------------------------------
5ema 5495
13ema 5612
21ema 5689
34ema 5767
55ema 5824
89ema 5829
144ema 5755
233ema 5589
Market profile
--------------------------------------------------------------------
VAH - 5494, POC - 5472, VAL - 5450
Volume Weighted Average Price (VWAP)
--------------------------------------
5472.06
PREVIOUS MONTH NIFTY EXPIRY
----------------------------------------------------------------------
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/)
---------------------------------------------------------------------
We will initiated long position if nifty manage to close above 5712.
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated long position if nifty manage to close above 5574.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
3rdFeb2011 NIFTY : MIN 5383 MAX 5480 RANGE 48
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5738(BUY)
NIFTY DAILY =>ABOVE 5574(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400
Strong Resistane @5500
Nifty Daily will be in buy mode above 5574.
Till then we are in downtrend.
Other activities suggests mild bearishness like ............
Short Covering => Nifty Open Interest for February stands at 2,20,59,400 down by 2,37,150 with increase in price. (Bullish)
Bullish(mild) => very small % of unwinding seen in 5600PE,5800PE.
Bearish(mild) => Small % of call witing seen in 5300CE,5400CE,5500CE
I dont have clear picture which side market will take turn. Weekly as well as daily is in downtrend.Oi Study suggest down move and strong support @5400 and resistance @5500.There are two possibilities
1. Range bound market between 5400 to 5500
2. Breakout of 5400 (trend continuation ) / Breakout of 5500 (trend Reversal)
Open Interest data @ this point of time suggest Range bound market between 5400 to 5500 /Breakout of 5400 (trend continuation ).
Lets see 2morrow............nifty movement should confirm.
Trade Level for 3rdFeb2011
-----------------------------------------------------------------
BUY @5503-5521-5553-5576-5605-5643-5690
SELL @5434-5416-5384-5361-5332-5294-5247
VOLUME PROFILE
----------------------------------------------------------------
5427-5436-(5454-5473)-5487-(5506-5513)-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
-------------------------------------------------------------------
5ema 5495
13ema 5612
21ema 5689
34ema 5767
55ema 5824
89ema 5829
144ema 5755
233ema 5589
Market profile
--------------------------------------------------------------------
VAH - 5494, POC - 5472, VAL - 5450
Volume Weighted Average Price (VWAP)
--------------------------------------
5472.06
PREVIOUS MONTH NIFTY EXPIRY
----------------------------------------------------------------------
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/)
---------------------------------------------------------------------
We will initiated long position if nifty manage to close above 5712.
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated long position if nifty manage to close above 5574.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
3rdFeb2011 NIFTY : MIN 5383 MAX 5480 RANGE 48
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5738(BUY)
NIFTY DAILY =>ABOVE 5574(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400
Strong Resistane @5500
Feb 1, 2011
Nifty Analysis 2ndFeb2011
Nifty Weekly will be in buy mode above 5735.
Nifty Daily will be in buy mode above 5606.
Till then we are in downtrend.
Other activities suggests bearishness like ............
Short Build UP => Nifty Open Interest for February stands at 2,22,96,550 up by 18,41,300 with decrease in price.
Bearish => small % of unwinding seen in 5600PE,5700PE,5800PE.
Bearish => large % of call witing seen in 5300CE,5400CE,5500CE
Positive Divergence is seen in nifty weekly chart(@ the bottom of blog).We may see some bounce today.
Then we will head downward if Open Interest study remain same.5300/5320 is coming soon.Lets see........nifty movement should confirm.
Trade Level for 2ndFeb2011
-----------------------------------------------------------------
BUY @5539-5557-5590-5613-5642-5680-5728
SELL @5470-5452-5419-5396-5367-5329-5281
VOLUME PROFILE
----------------------------------------------------------------
5415-(5454-5473)-5487-(5506-5513)-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
-------------------------------------------------------------------
5ema 5527
13ema 5642
21ema 5715
34ema 5787
55ema 5839
89ema 5838
144ema 5759
233ema 5590
Market profile
--------------------------------------------------------------------
VAH - 5488, POC - 5458, VAL - 5428
Volume Weighted Average Price (VWAP)
--------------------------------------
5456.40
PREVIOUS MONTH NIFTY EXPIRY
----------------------------------------------------------------------
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/)
---------------------------------------------------------------------
We will initiated long position if nifty manage to close above 5730.
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated long position if nifty manage to close above 5606.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
2ndFeb2011 NIFTY : MIN 5371 MAX 5462 RANGE 45
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5735BUY)
NIFTY DAILY =>ABOVE 5606(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400
Strong Resistane @5800
Nifty Daily will be in buy mode above 5606.
Till then we are in downtrend.
Other activities suggests bearishness like ............
Short Build UP => Nifty Open Interest for February stands at 2,22,96,550 up by 18,41,300 with decrease in price.
Bearish => small % of unwinding seen in 5600PE,5700PE,5800PE.
Bearish => large % of call witing seen in 5300CE,5400CE,5500CE
Positive Divergence is seen in nifty weekly chart(@ the bottom of blog).We may see some bounce today.
Then we will head downward if Open Interest study remain same.5300/5320 is coming soon.Lets see........nifty movement should confirm.
Trade Level for 2ndFeb2011
-----------------------------------------------------------------
BUY @5539-5557-5590-5613-5642-5680-5728
SELL @5470-5452-5419-5396-5367-5329-5281
VOLUME PROFILE
----------------------------------------------------------------
5415-(5454-5473)-5487-(5506-5513)-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
-------------------------------------------------------------------
5ema 5527
13ema 5642
21ema 5715
34ema 5787
55ema 5839
89ema 5838
144ema 5759
233ema 5590
Market profile
--------------------------------------------------------------------
VAH - 5488, POC - 5458, VAL - 5428
Volume Weighted Average Price (VWAP)
--------------------------------------
5456.40
PREVIOUS MONTH NIFTY EXPIRY
----------------------------------------------------------------------
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/)
---------------------------------------------------------------------
We will initiated long position if nifty manage to close above 5730.
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated long position if nifty manage to close above 5606.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
2ndFeb2011 NIFTY : MIN 5371 MAX 5462 RANGE 45
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5735BUY)
NIFTY DAILY =>ABOVE 5606(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400
Strong Resistane @5800
Jan 31, 2011
Nifty Analysis for 1stFeb2011
Nifty Weekly will be in buy mode above 5752.
Nifty Daily will be in buy mode above 5648.
Till then we are in downtrend.
Other activities suggests bearishness like ............
Short Build UP => Nifty futures OI stands 20455250 up by 28000 ,with decrease in price.
Bearish => small % of unwinding seen in 5600PE,5700PE,5800PE.
Bearish => large % of call witing seen in 5300CE,5400CE,5500CE
If scenerio is not changed we are heading towards more downwards in nifty. Lets see 2morrow.
Trade Level for 1stFeb2011
-----------------------------------------------------------------
BUY @5490-5510-5546-5571-5604-5645-5698
SELL @5413-5393-5357-5332-5299-5258-5205
VOLUME PROFILE
----------------------------------------------------------------
(5454-5473)-5487-(5506-5513)-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
-------------------------------------------------------------------
5ema 5582
13ema 5679
21ema 5745
34ema 5809
55ema 5855
89ema 5847
144ema 5764
233ema 5592
Market profile
--------------------------------------------------------------------
VAH - 5526, POC - 5498, VAL - 5470
Volume Weighted Average Price (VWAP)
--------------------------------------
5486.53
PREVIOUS MONTH NIFTY EXPIRY
----------------------------------------------------------------------
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/)
---------------------------------------------------------------------
We will initiated long position if nifty manage to close above 5748.
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated long position if nifty manage to close above 5648.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
1stFeb2011 NIFTY : MIN 5454 MAX 5557 RANGE 51
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5752BUY)
NIFTY DAILY =>ABOVE 5648(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400
Strong Resistane @5800
Nifty Daily will be in buy mode above 5648.
Till then we are in downtrend.
Other activities suggests bearishness like ............
Short Build UP => Nifty futures OI stands 20455250 up by 28000 ,with decrease in price.
Bearish => small % of unwinding seen in 5600PE,5700PE,5800PE.
Bearish => large % of call witing seen in 5300CE,5400CE,5500CE
If scenerio is not changed we are heading towards more downwards in nifty. Lets see 2morrow.
Trade Level for 1stFeb2011
-----------------------------------------------------------------
BUY @5490-5510-5546-5571-5604-5645-5698
SELL @5413-5393-5357-5332-5299-5258-5205
VOLUME PROFILE
----------------------------------------------------------------
(5454-5473)-5487-(5506-5513)-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
-------------------------------------------------------------------
5ema 5582
13ema 5679
21ema 5745
34ema 5809
55ema 5855
89ema 5847
144ema 5764
233ema 5592
Market profile
--------------------------------------------------------------------
VAH - 5526, POC - 5498, VAL - 5470
Volume Weighted Average Price (VWAP)
--------------------------------------
5486.53
PREVIOUS MONTH NIFTY EXPIRY
----------------------------------------------------------------------
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/)
---------------------------------------------------------------------
We will initiated long position if nifty manage to close above 5748.
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated long position if nifty manage to close above 5648.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
1stFeb2011 NIFTY : MIN 5454 MAX 5557 RANGE 51
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5752BUY)
NIFTY DAILY =>ABOVE 5648(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400
Strong Resistane @5800
Jan 30, 2011
Nifty Analysis for 31stJan2011
ONLY A CLOSE ABOVE 5803 WILL BRING WEEKLY IN BUY MODE
ONLY A CLOSE ABOVE 5679 WILL BRING DAILY IN BUY MODE
OTHERWISE HIGH RISK TO REWARD TRADE LIES IN SHORTING NIFTY.
OPTION DATA SUGGESTS THAT MARKET IS INCLINED IN FAVOR OF BEAR.
THIS OPINION WILL CHANGE IF NIFTY MANAGE TO CLOSE ABOVE 5587.
Trade Level for 31st Jan2011
-----------------------------------------------------------------
BUY @5643-5663-5700-5727-5760-5803-5857
SELL @5564-5544-5507-5480-5447-5404-5350
VOLUME PROFILE
----------------------------------------------------------------
(5493-5514)-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
-------------------------------------------------------------------
5ema 5620
13ema 5708
21ema 5769
34ema 5828
55ema 5868
89ema 5855
144ema 5767
233ema 5592
Market profile
--------------------------------------------------------------------
VAH - 5594, POC - 5548, VAL - 5506
PREVIOUS MONTH NIFTY EXPIRY
----------------------------------------------------------------------
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/)
---------------------------------------------------------------------
We will initiated long position if nifty manage to close above 5775.
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated long position if nifty manage to close above 5679.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
31st Jan NIFTY : MIN 5460 MAX 5563 RANGE 52
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5806BUY)
NIFTY DAILY =>ABOVE 5679(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400
Strong Resistane @5800
ONLY A CLOSE ABOVE 5679 WILL BRING DAILY IN BUY MODE
OTHERWISE HIGH RISK TO REWARD TRADE LIES IN SHORTING NIFTY.
OPTION DATA SUGGESTS THAT MARKET IS INCLINED IN FAVOR OF BEAR.
THIS OPINION WILL CHANGE IF NIFTY MANAGE TO CLOSE ABOVE 5587.
Trade Level for 31st Jan2011
-----------------------------------------------------------------
BUY @5643-5663-5700-5727-5760-5803-5857
SELL @5564-5544-5507-5480-5447-5404-5350
VOLUME PROFILE
----------------------------------------------------------------
(5493-5514)-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
-------------------------------------------------------------------
5ema 5620
13ema 5708
21ema 5769
34ema 5828
55ema 5868
89ema 5855
144ema 5767
233ema 5592
Market profile
--------------------------------------------------------------------
VAH - 5594, POC - 5548, VAL - 5506
PREVIOUS MONTH NIFTY EXPIRY
----------------------------------------------------------------------
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/)
---------------------------------------------------------------------
We will initiated long position if nifty manage to close above 5775.
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated long position if nifty manage to close above 5679.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
31st Jan NIFTY : MIN 5460 MAX 5563 RANGE 52
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5806BUY)
NIFTY DAILY =>ABOVE 5679(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400
Strong Resistane @5800
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