The Daily and Weekly Moving Averages as well as Indicators are bullish with Last Closing above both Daily and Weekly close 5dema and 20 dema .
There are indications of an upmove above approx.5330 levels (above Weekly high ema,5324 and PSAR,5337 ) that can extend to 5390 level (Bollinger Band upper limit).
Below the important level of approx.5275 (Daily & Weekly close 5dema), the supports come at approx.5220 levels (2D swing low and highest volume area in 5D Vol.Profile charts),breaking which can get support at 5180 levels (Weekly low ema and 50 dema).
The Open Interest position has largest build up at 5200 strike in Puts and 5400 strike in Calls with increase in 5200 Puts O.I. and decrease in 5400 Call O.I. this week ,suggesting a strong support near 5200 levels.So,the probabale Trading Range for the coming week,that will witness max.action can be 5220-5330.
There are indications of an upmove above approx.5330 levels (above Weekly high ema,5324 and PSAR,5337 ) that can extend to 5390 level (Bollinger Band upper limit).
Below the important level of approx.5275 (Daily & Weekly close 5dema), the supports come at approx.5220 levels (2D swing low and highest volume area in 5D Vol.Profile charts),breaking which can get support at 5180 levels (Weekly low ema and 50 dema).
The Open Interest position has largest build up at 5200 strike in Puts and 5400 strike in Calls with increase in 5200 Puts O.I. and decrease in 5400 Call O.I. this week ,suggesting a strong support near 5200 levels.So,the probabale Trading Range for the coming week,that will witness max.action can be 5220-5330.
8 comments:
Dear Ilango Sir & Blogmates,
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Nifty Spot MP Values for Monday
VAH= 5304
POC= 5298
VAL= 5283
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Thanks & Regards
Sanjay Kr Jaiswal
Hai ilango sir and others
I am posting the charts of IFCI LTD. ifci is trading near
an important trend line.
http://niftychartsandpatterns.blogspot.com/2010/04/ifci-ltd-trade-from-trend-line.html
thank you
Thank you Ilango.
@Rajagopal...what is the concept behind expected swing value?
Sidharth
@Rajagopal
Oot Rajgopal?....Is this a typo?.."O" instead of writing"H"?
Cheers
Rajagopal Sir,
Saw your excel file... its really amazing thanks a lot for your hard work on this...
I remember you told that you prepared these files using your own software.. could you please tell us more on that so that we don't have to bother you every time for this amazing work....
Dear sir, Thanks a lot for your hard work and time..can u assist me how to use those EXCEL SHEETS..Well am doing my BR THEORY for derivative positional trade and it is excellent profitable..still am starving for technical Analysis ;-)
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