Nifty Weekly will be in buy mode above 5645.
Nifty Daily will be in buy mode above 5434.
Till then we are in downtrend.
Other activities show down move ahead
Huge Short Buildup=> Nifty Open Interest for February stands at 2,56,97,900 up by 3,88,950 with decrease in price
Bearish=> large % of call witing seen in 5100CE,5200CE,5300CE
Bearish=> small % of unwinding seen in 5300PE,5400PE,5500PE.
If NIFTY TRY TO TRADE OVER 5318 THEN THERE IS HOPE FOR BULLS
OTHERWISE ..........................MORE DOWNSIDE WILL COME.
Trade Level for 10thFeb2011
-----------------------------------------------------------------
BUY @5343-5360-5390-5412-5439-5474-5518
SELL @5280-5263-5233-5211-5184-5149-5105
VOLUME PROFILE
----------------------------------------------------------------
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
-------------------------------------------------------------------
5ema 5,351.7
13ema 5,475.5
21ema 5,566.5
34ema 5,665.8
55ema 5,749.7
89ema 5,780.7
144ema 5,729.5
233ema 5,580.8
Market profile
--------------------------------------------------------------------
VAH - 5328, POC - 5290, VAL - 5252
Volume Weighted Average Price (VWAP)
--------------------------------------
5294.82
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 5628.
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated long position if nifty manage to close above 5434.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
10thFeb2011 NIFTY : MIN 5189 MAX 5317 RANGE 63
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5645(BUY)
NIFTY DAILY =>ABOVE 5434(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5200
Strong Resistane @5400
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 9, 2011
Feb 6, 2011
Nifty Analysis for 7thFeb2011
Nifty Weekly will be in buy mode above 5732.
Nifty Daily will be in buy mode above 5535.
Till then we are in downtrend.
Other activities show down move ahead
Huge Short Build=> upNifty Open Interest for February stands at 2,47,78,300 up by 28,91,050 with decrease in price
Bearish=> large % of call witing seen in 5300CE,5400CE,5500CE
Bearish=> small % of unwinding seen in 5600PE,5700PE,5800PE.
5444-5466 is the Zone to watch,if Nifty can sustain these level =>bull may come to party
Otherwise 5320/5350 is on the card.We should look for short trade until nifty start trading above 5535.
Trade Level for 7thFeb2011
-----------------------------------------------------------------
BUY @5573-5597-5642-5674-5714-5765-5830
SELL @5478-5454-5409-5378-5337-5328-5221
VOLUME PROFILE
----------------------------------------------------------------
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
-------------------------------------------------------------------
5ema 5469
13ema 5570
21ema 5649
34ema 5733
55ema 5799
89ema 5812
144ema 5746
233ema 5587
Market profile
--------------------------------------------------------------------
VAH - 5524, POC - 5452, VAL - 5380
Volume Weighted Average Price (VWAP)
--------------------------------------
5458.71
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 5680.
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated long position if nifty manage to close above 5535.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
7thFeb2011 NIFTY : MIN 5326 MAX 5464 RANGE 69
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5732(BUY)
NIFTY DAILY =>ABOVE 5535(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400 /5300
Strong Resistane @5500
Nifty Daily will be in buy mode above 5535.
Till then we are in downtrend.
Other activities show down move ahead
Huge Short Build=> upNifty Open Interest for February stands at 2,47,78,300 up by 28,91,050 with decrease in price
Bearish=> large % of call witing seen in 5300CE,5400CE,5500CE
Bearish=> small % of unwinding seen in 5600PE,5700PE,5800PE.
5444-5466 is the Zone to watch,if Nifty can sustain these level =>bull may come to party
Otherwise 5320/5350 is on the card.We should look for short trade until nifty start trading above 5535.
Trade Level for 7thFeb2011
-----------------------------------------------------------------
BUY @5573-5597-5642-5674-5714-5765-5830
SELL @5478-5454-5409-5378-5337-5328-5221
VOLUME PROFILE
----------------------------------------------------------------
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
-------------------------------------------------------------------
5ema 5469
13ema 5570
21ema 5649
34ema 5733
55ema 5799
89ema 5812
144ema 5746
233ema 5587
Market profile
--------------------------------------------------------------------
VAH - 5524, POC - 5452, VAL - 5380
Volume Weighted Average Price (VWAP)
--------------------------------------
5458.71
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 5680.
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated long position if nifty manage to close above 5535.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
7thFeb2011 NIFTY : MIN 5326 MAX 5464 RANGE 69
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5732(BUY)
NIFTY DAILY =>ABOVE 5535(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400 /5300
Strong Resistane @5500
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