Levels and Plan for 9th Oct
Today, the progression of higher value broke in a b shaped profile and the markets moved into a sideways zone ending the IPM. It’s part of the 4 step process of the market, elaborately explained by Pete Syeidlmayer. You will find some details on the steps at: http://vtrender.com/steidlmayer-distribution-4/
Levels and Plan for 8th Oct
Today was day 6 of value being created higher. The weekly objective near 8263 is close by and it remains to be seen whether we get a dash up to 8352F on Friday/ Monday before MO starts playing out it’s tune. Weekly support is now looking strong at 8140.
Levels and Plan for 7th Oct
Once again the Open was instrumental in setting up the initial bias for the day. However, there was a strong responsive buying program from the lows and the Nifty finished just above day vwap.
Levels and Plan for 5th Oct
At Vtrender, we give more importance to the Opens than to the Closes. Perhaps, we are one of the very few studies out there which will qualify a day based on the Open and adjust the bias accordingly. We have very strong reasons to give weight-age to the Open Price of the next session over […]
Levels and Plan for 1st Oct
The week is moving to the plan made on the weekend and the first supply point in Nifty is close by. The BN has already reacted from the weekly supply zone yesterday. Today’s auction was bullish and 7997F and 17610F remain our reference lines for more upsides.
Levels and Plan for 30th Sept
RBI day was volatile and in NF we saw the 100 point 2-way moves again in 60 minutes, after a pause of a few sessions. OrderFlow above 7830 did not show huge buying and we look forward to a quieter session tomorrow to repair the OrderFlow imbalance.
Levels and Plan for 29th Sept
The first day of the new series of October was quiet in the first session, almost random in movement but showed us an inability to auction above KRA 7930 and gave us a failed auction and a spike as reference points for the auction tomorrow where we expect wholesale inventory changes based on the RBI. […]
Levels and Plan for 28th Sept
A quiet expiry session was rotational in nature and the index closed a few points above the series vwap. The Banknifty also formed a nice gaussian curve in a Normal day which is a powerful pattern and an indicator to a trend day to come.
Levels and Plan for 24th Sept
An open test drive below yesterday sellers saw no new selling and the market came back into the balance area we have been mentioning all of these past few days. It’s been a series where the otherwise savvy Option writers have not been as sure about the close on settlement. For us, we lean on […]
Levels and Plan for 23rd Sept
A slowish open offering poor trade facilitation turned on it’s head when POC of the previous session broke and went through the profiles of 11-16 Sept to finish at the lows of that multi-session balance.With 2 days left for expiry, the market finds itself again at the developing vwap of Sept near 7825 spot