Levels and Plan for 26th Oct
The Nifty closed at the supply band of last week. The day type was a normal variation day. The profile again showed buyers buying the dip from 1 pm onwards.
Levels and Plan for 23rd Oct
The Nifty again hit the supply band in Wednesday’s trade and sold off. In an exact replay of tuesday’s trade, it met with buyers as it went lower and once again closed at vwap in a neutral center. The current week is another bell curve with fair value at 8255- 8260 and would be important into […]
Levels and Plan for 21st Oct
The Nifty today hit the supply band mentioned in our weekly report of 8287-8295 spot and sold off but it also met with a strong responsive buyer near 8230 who was successful in pushing the index back to vwap. Day type was a neutral center with a close near vwap and midpoint.
Levels and Plan for 20th Oct
A normal variation day at the top of Friday’s high volume spike was inconclusive but showed intent to push through to 8320 F even as sellers failed to capitalise on an opportunity early in the session today
Levels and Plan for 19th Oct
A quite OAIR turned around at 2-2.15 on the volume expansion which took the index to 8266F. Day type was a neutral extreme again and showed buying at the lows yet again.
Levels and Plan for 16th Oct
The expected trend up from yesterday’s range came early in the session and on good volumes, but towards the close of the IB the volume started stopping and the trend day shut down on itself. However, bias is up on the smaller Timeframe even though we remain bound within the balance developing in the past […]
Levels and Plan for 15th Oct
At the close the NF and the BNF were coiled and inside the previous session’s range. Auction market Theory points to a trend day next and we will monitor our volume charts to give us pointers to OTF influence showing us the move to come.
Levels and Plan for 14th Oct
The step 2 which we spoke about last Wednesday is now showing it’s effect to everyone as two time frames dominate the market environment. Earlier today we got the first test of the 8084 mentioned in the weekly spot report and the Nifty promptly put in a 50 point bounce from there.
Levels and Plan for 13th Oct
The NF was a slowish auction in the morning in the VA of Friday but sold off after 1 pm to close near session lows. The profile could not take out the FA seen on friday
Levels and Plan for 12th Oct
The NF profile of Friday was 2-time frame neutral center with an FA at 8248 and buyers returning near thursday POC to take the index back to the Open Price by close