Friday, December 24, 2010

Nifty trade as per Volume Profile

I share my Trade as per volume profile.

Sorry Friends for late posting due to net problem.

Today Nf open lower below Value areas of yesterday.
I do a Gap trade as per Profile.
Long @ 5970 Nf exit at VAL of yesterday i.e. 5988,also it is day high.

After that Nf not able to sustain above it.

As per Volume profile biggest volume at days low 5940 NS.
It should be the biggest suport for the further rally.
Nxt suport lies @ 5895.

A strong suport lies here @ 5963-65 level.
Can long here for 10-15 points Sl-5959 NS.
Target POC 5996

Exit from longs.
now long only above 5988 for 6010

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