Tuesday, January 11, 2011

Nifty Trade as per volume Profile

After a tremendous fall of more than 400 points Nf now wants to take some breath.

A bounce can be seen here for 50-80 points as Intra charts are highly over sold.

As per 5 day volume Profile resistence lies on 5838 level  & than 5875.

If Nf holds today opening high volume bar of 5767,than we can expect a run to these 2 resistence.

Val-5780 has been hold in the opening.

Tries to catch Poc-5836 but only make a high of 5830.

Second attempt if able to pass 5836 than nxt target will be VAh-5896.

Nf breaks its days Low & made a new low of 5754.

It also break a big suport of morning 5766.

But retraces back to 5785++.

If holds for more than 15 min.craete intra long swith strict sl.

Atlast nf achives Poc & made a new high of 5840now nxt target to watch Vah-5877.

Keeping sl of Val-5780,partbooking done @ Poc

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