Nifty Weekly will be in buy mode above 5646.
Nifty Daily will be in buy mode above 5400.
Till then we are in downtrend.
Other activities show down move ahead
Long winding =>Nifty Open Interest for February stands at 24,923,950 down by 1,072,800 with decrease in price
Bearish=> large % of call witing seen in 5400CE,5500CE
Bearish=> small % of unwinding seen in 5300PE,5400PE,5500PE,5600PE.
5380 ,5465 are two major support area =>in nifty doesnot find support ,more downside will come.
Trade Level for 21stFeb2011
-----------------------------------------------------------------
BUY @5585-5606-5643-5670-5704-5747-5802
SELL @5506-5485-5448-5421-5387-5344-5289
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 5464
13ema 5456
21ema 5504
34ema 5587
55ema 5677
89ema 5729
144ema 5703
233ema 5586
Market profile
--------------------------------------------------------------------
VAH - 5562, POC - 5513, VAL - 5464
Volume Weighted Average Price (VWAP)
--------------------------------------
5520.73
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 5646.
J10 TRADING SYSTEM(http://perfecttradingsystem.blogspot.com)
------------------------------------------------------------
We will initiated long position if nifty manage to close above 5534.
VOLATILITY BREAKOUT METHOD(http://perfectbreakout.blogspot.com)
-----------------------------------------------------------------
21stFeb2011 NIFTY :MIN 5,382.10 MAX 5,535.80 RANGE 76
Daily and weekly level
--------------------------------------------------
NIFTY WEEKLY =>ABOVE 5646(BUY)
NIFTY DAILY =>ABOVE 5400(BUY)
Open Interest Study
-------------------------------------------------
As of now ,
Strong Support @5400
Strong Resistane @5600
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 20, 2011
Feb 9, 2011
Nifty Analysis for 10thFeb2011
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
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
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