Short Term Profiles

        Here are some Composites of the NF and the BNF Feb Futures. Charts annotated

Levels and Plan for 4/12

An inside day in the Nifty showed sellers in the morning and again the same response from the lows of 8545 from the buyers as yesterday. In short it was a repeat of the same auction but left an impression that the selling was not aggressive in pushing price lower.

Levels and Plan for 1st Dec

The triple inside day broke away as expected but unfortunately most of the movement away was lost in a gap up even as the profile shaped up as a P ( short covering)

Levels and Plan for 19/11

The market broke above the 2 week consolidation today again and closed higher. Follow up above would be confirmation that the move has legs.

Levels and Plan for 18th Nov

The market broke above the 2 week consolidation today again and closed higher. Follow up above would be confirmation that the move has legs.

Levels and Plan for 17/11

Another day spent within the range on poor volumes of 69 lakhs in Nifty . Cosoliation and step 2 of the Steidlmayer distribution continues

Levels and Plan for 14th Nov

Yesterday’s sellers observed at the highs took further control in the Nifty today dragging it back in the multi day bracket and the buyers of last week had to come to support lower prices again

Levels and Plan for 13th Nov

The Nifty attempted a breakout before running into renewed selling at higher prices but managed to close above bracket highs

Levels and Plan for 12/11

The Nifty and the BankNifty continued showing their range bound behavior for the 5th straight session today. As a result volumes were again on the lower side

Levels ad Plan for 11th Nov

A long liquidation early in the morning was followed up by some strong responsive buying near friday lows which took the market up again and a close in the upper half of the profile yet again