Levels and Plan for 19th Feb
The Nifty auctioned above the 8840 spot today but the volumes in the day were lower and the move up met with additional sellers. We wait to see if we get better buyers on a retest of 8840 tomorrow.
Levels and Plan for 18th Feb
The Nifty auctioned either side of the 8840 number and dropped lower at the close. We await a cross of 8840 to confirm our Monthly Feb target of 9035 Nifty FEB F Background / Previous Auctions : Medium Term : On Friday May 16th 2014, we saw a range of 7560- 7125 (spot prices) […]
Levels and Plan for 16th feb
The Nifty came very close to the Nifty cash figure of 8840 mentioned in the weekly update of last week. We await a cross of 8840 to confirm our Monthly Feb target of 9035
Levels and Plan for 13th Feb
The market auctioned in the upper part of yesterday’s auction but could not make much progress above previous day highs
Levels and Plan for 12th Feb
The market auctioned in the upper part of yesterday’s auction but could not make much progress above previous day highs
Levels and Plan for 11th Feb
A volatile day trended up to anomaly levels came down to close previous shorts and closed down at vwap today . It was 2 way auction undecided on control at the close
Levels and Plan for 10th Feb
A gap down open did not meet buyers and the market closed another session at day lows as has been happening all of last week with a selloff coming in the last hour
Levels and Plan for 9th Feb
The Nifty went below the mentioned weekly support with an MO reading of -56. Whilst we don’t have a lot of confirmation from the charts on a long setup in the Nifty, the short trade is getting crowded here and new shorts initiated carry with them potentially higher risk
Levels and Plan for 6th Feb
Another day and another spike with another finish at the lows, just when both the Nifty and the BankNifty looked like they were putting the weakness of the sessions earlier in the week behind and going to test the highs again.
Levels and Plan for 16th Jan
The RBI created a gap up opening which floored a lot of existing shorts in the market and forced many others to pile up previously shed long positions. The result the market put in an additional 136 points after a 100 point gap in the range of the 2 sessions