Sunday, February 13, 2011

Weekend Analysis

Let us gaze through the crystal ball for what lies ahead in the next Week's trade.

1 . Effective Trend :

The trend in Daily Time frame is Neutral and in Weekly Time frame along with Monthly is Down.

2. Moving Averages:

The chart shows different short term and long term moving averages.These averages are Bearishly aligned in short term.Till that is changed they will be effective Resistances in any upmove.Weekly low ema at 5429 and Weekly ema at  5508 (also apprx. 20dema) are immediate resistance .

3. Volume Profile:

The 10 day Volume Profile chart is marked with some support and resistances.
5400-5420 and 5465 are immediate resistance with support at 5235 level. One may trade the range keeping the last close and a high volume node at 5310 (also 5dema &Weekly Pivot ) as the SAR.

4. Weekly Chart :

The trend reversal for Weekly time frame will come above trading last week's high at 5440 ,one may go long above it (target 5510+ level ) with strict s/l as Monthly TF is down.

5. Option Analysis:

The Open Interest build up at 5100 Puts and 5400 Calls ,the highest in thier categories, show a likely range of 5100-5400 levels.

This Week will be a rangebound one ,where Bulls and Bears with fight out the Tug of War to find the further direction in the short term .

One may trade the range of 5235-5250 to 5365-5420 level on both sides keeping 5310 as a SAR level . Above 5420 may target 5510 and below 5250 may target 5180 levels .


Anonymous said...

very good analysis-Again DIL SE likha hai

AAR VEE said...


Sukhriya - Dil Se :)