Nifty Weekly will be in buy mode above 5544.
Nifty Daily will be in buy mode above 5468.
Till then we are in uptrend.
Other activities show up move ahead
Huge Short Covering =>Nifty Open Interest for March stands at 2,07,43,300 down by 11,63,450 with increase in price
Bullish => unwinding seen @ 5300-5700 CE
Bullish=> put writing seen at @ 5400PE,5500PE,5600PE
We may see range bound market 5400 to 5600 with upward bias.
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 5437
13ema 5448
21ema 5457
34ema 5489
55ema 5553
89ema 5621
144ema 5637
233ema 5564
Market profile
--------------------------------------------------------------------
VAH - 5448, POC - 5436, VAL - 5420
Volume Weighted Average Price (VWAP)
--------------------------------------
5425.23
PREVIOUS MONTH NIFTY EXPIRY
----------------------------------------------------------------------
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/)
---------------------------------------------------------------------
We will initiated short position if nifty manage to close below 5459
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated short position if nifty manage to close below 5459
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
9th March NIFTY :MIN 5414 MAX 5544 RANGE 64
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5544(BUY)
NIFTY DAILY =>ABOVE 5468(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400-5300
Strong Resistane @5600-5700
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.
Mar 23, 2011
Mar 21, 2011
Nifty Analysis for 22march2011
Nifty Weekly will be in buy mode above 5520.
Nifty Daily will be in buy mode above 5476.
Till then we are in downtrend.
Other activities show up move ahead
Long Liquidation =>Nifty Open Interest for March stands at 2,21,96,900 down by 11,97,500 with decrease in price
Semi bearish=> Call writng seen 5400 CE,5600CE,5700CE , unwinding seen in 5500CE
semi bullish=> put writing seen at 5400PE,5500PE,5600PE
No clear signal of either side movement . We may witness a range bound market between 5300 -5500
So trade accordingly.Nifty @ current standing doesnt seems to breaking 5300 or 5500.
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 5416
13ema 5447
21ema 5459
34ema 5494
55ema 5561
89ema 5629
144ema 5642
233ema 5566
Market profile
--------------------------------------------------------------------
VAH - 5424, POC - 5404, VAL - 5382
Volume Weighted Average Price (VWAP)
--------------------------------------
5395.20
PREVIOUS MONTH NIFTY EXPIRY
----------------------------------------------------------------------
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/)
---------------------------------------------------------------------
We will initiated short position if nifty manage to close below 5442
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated short position if nifty manage to close below 5442.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
9th March NIFTY :MIN 5309 MAX 5419 RANGE 55
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5520(BUY)
NIFTY DAILY =>ABOVE 5476(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400-5300
Strong Resistane @5600-5700
Nifty Daily will be in buy mode above 5476.
Till then we are in downtrend.
Other activities show up move ahead
Long Liquidation =>Nifty Open Interest for March stands at 2,21,96,900 down by 11,97,500 with decrease in price
Semi bearish=> Call writng seen 5400 CE,5600CE,5700CE , unwinding seen in 5500CE
semi bullish=> put writing seen at 5400PE,5500PE,5600PE
No clear signal of either side movement . We may witness a range bound market between 5300 -5500
So trade accordingly.Nifty @ current standing doesnt seems to breaking 5300 or 5500.
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 5416
13ema 5447
21ema 5459
34ema 5494
55ema 5561
89ema 5629
144ema 5642
233ema 5566
Market profile
--------------------------------------------------------------------
VAH - 5424, POC - 5404, VAL - 5382
Volume Weighted Average Price (VWAP)
--------------------------------------
5395.20
PREVIOUS MONTH NIFTY EXPIRY
----------------------------------------------------------------------
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/)
---------------------------------------------------------------------
We will initiated short position if nifty manage to close below 5442
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated short position if nifty manage to close below 5442.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
9th March NIFTY :MIN 5309 MAX 5419 RANGE 55
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5520(BUY)
NIFTY DAILY =>ABOVE 5476(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400-5300
Strong Resistane @5600-5700
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