Monday, December 27, 2010

Nifty Trade as per Volume profile

Buy Nf near or below 6040 sl-6020

As per Volume Profile Nifty has strong suport near 6010 & 5985,5980 level.
In this market shorts should be avoided.
Only intra shorts can be done with strict sl.
If today VAH & POC holds than we can see a massive rally towards 6070,6100 level.

Nifty may visit POC-6022,as it already break VAl.

I took agressive short on break of it.
My 1st T-6022 2nd VAL-5996

Book out 1 lot @ 6020 nf.
Now waiting for VAl-5996
TSl 6040

As per Volume Profile
NS have highest Volume @ 6018 & 6036
One may reenter shorts near 6018 with Sl-6040 spot.

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