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susanth c
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Crack Nifty Spot with Volume Data

From : Susanth C at 04:15 PM - Feb 11, 2011 ( )
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Nifty

Chart is purely on volume of Nifty took from nseindia.com site on click of Nifty chart.

First level of pivot is found @ the time of opening 9:15am. Consider the close price @9:15am is 5239

Next consider the volume spikes as Next level of pivot points.

Analyse the movement using the pivot point

Consider the following scenario's

  Volume -  Nifty

1)3398195 - 5239
2)1546322 - 5218
3)966509   - 5186
4)1207275 -5241
5)1666625-5280
6)2946629 -5299

Today 1st point is @ 5239 and Nifty went below that point. And 2nd point is @ 5218 and again nifty is gng down - bearish sentiment and finally stoped @ 5178

Next point is @ 5186  and nifty moving upside with volume spikes and finally closed @ 5310. High volume and price moving up is bull phase, that is the reason i gave a buy call @ 5274 and it made high of 5315.

But sometimes it will be difficult to find the right direction. you may hit SL with few points. Last 4 trading sessions i showed 500 points of Nifty profit using this. If you carefully trade with this strategy you may get minimum of 200 points in a week.

 

No MACD,RSI,Bollinger signals are used here and this is only for intraday. And finally don't ask me questions :)

 




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