Monday, January 3, 2011

Nifty Trade as Per Volume Profile

So atlast Nf reaches my target of 6200,but I am wrong in predicting a correction first & than further rally.
I am still holding my short & try to exit at nominal Loss.
Now as per volume profile suport lies @ 6110 level & 6060.

Rsi on 30 min. chart not showing much strength now & giving a -ve div.
Macd & CCI both in over bought region continiously.

Nf may tank to Friday closing if further buying strength not suports.

One may trade a Gap trade
Short here with a target of 6172 VAH.

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