Wednesday, January 26, 2011

Trading on 27-01-11

HAPPY REPUBLIC DAY !!!




1. Tomorrow is Jan series expiry ,It can be  a rangebound trading day between 5650-5750 with volatility.Max. action may be in approx. 5675 (5dlema) -5725 (5wlema) region.


2. Expiry may be below 5750 ,which is the highest volume area in 2d profile ,showing selling by very short term players.


3. 5624 ,the recent low should hold for further upmove in the next series.Option analysis also shows the probability of this level holding fort.


4. The weekly close level of last Friday 5697 was taken out  ,was it the expiry blues or was it to shakeout the s/l below 5700 levels ?


5. There was net buying from FII's for second continous session. Is this the light at the end of the tunnel or is it that of an incoming train in this tunnel to run us over?


Trade light with s/l for safe trading.


23 comments:

mynac said...

Dear AAR VEE,

Thanks a lot for your views with chart illustration.

Sujeet said...

Happy Republic day! thanks for your view!

AAR VEE said...

Hi mynac

Welcome .Whats are ur views of feb series options?

Hi Sujeet

Thanks and welcome

deemis said...

dear aar-vee
which charting software do u use??

AAR VEE said...

Hi deemis,

Primarily i use yahoo and MT4 for intraday and Chart Nexus and I-charts EOD.

piyush sharda said...

hi rv great selection of links on the other blog.
ur hard work never ceases to amaze!!

piyush sharda said...

rv,
wanted to look at old charts frm 1995 onwards for ew counting purpose.ami is demo which doesnt save changes which one u use? chartnexus has 3 yrs data only.

AAR VEE said...

Hi PS,

Thanks ,the links in "My Trading Diary" are the ones which I follow intraday and eod.I feel they have sufficient data to analyze both the intra and positional TF.

As per the data from 1995 ,u can go to I- charts ,register(free),then charts(premium),customize date from 1995-01-01,u will get the chart till date.

BTW i am following since ew count since 2003 .taking 2008 top as wave 3 end and march 2009 as A/Wave 4 ,6338 may be B/4 (if topped out there).

pl.share ur chart when done.
Thanks

piyush sharda said...

will do rv. however my ew is just following sir,jazz, u and few others till now :-)

bizagra said...

Hii RV. yes i m Anuj and i m from Agra.

AAR VEE said...

PS ,I use EW sparingly to help my positional trade ,just few points of invalidation that help me alert when trend changes (light house type to keep the boat steady).Jazz is a regular EW guy and knowledgeable guy .

AAR VEE said...

Hi bizagra,
I remember Agra fondly,The sadar bazaar,raja ki mandi,mankameshwar temple,sherjang baba,all those 'chaats'.i saw most of the new movies at anjana and bhagwan talkies in those days .:))

theprofiletrader said...
This comment has been removed by a blog administrator.
AAR VEE said...

Thanks Jazz.

will do the needful.

KRG said...

AAR VEE : On your LT count.. If 2008 was 3, March 2009 cannot be 4. Corrections should take longer than impulses. So assuming 2008 was a 3 of five years, the Wave 4 will go on till atleast 2013 if not more.... March 09 A of 4 might be better explanation...
Cheers

AAR VEE said...

Dear KRG,

Pl. read the comment again.I am saying the same as u -till March o9 is A/4.where is the confusion?

KRG said...

misread the statement. my apologies

AAR VEE said...

Accepted KRG.:)
U are doing a fine blog .Do keep visiting here and leave ur comments

bizagra said...

Dear RV, i think u know much about Agra, when u hav been to Agra last??

AAR VEE said...

@ Bizagra,
may be some 10 years ago .:)

bizagra said...

@RV
Ohh long time...agra has improved much in these 10 years.

KRG said...

will do... On my own blog, I write occasionally. thanks for noticing

KRG said...

check out my LT counts at
http://krgonline.blogspot.com/2011/01/has-nifty-started-killer-c.html
do let me know ur views

Share
Subscribe