Levels and Plan for 7th Sept
The inside day broke out right away through an Open Drive down which took the Nifty down 167 points by close.
Levels and Plan for 3rd Sept
A normal variation day in which selling was seen again at the highs near the broken 7850 and the vwap of the previous session.The session closed just below the lows of the trend day.
Levels and Plan for 2nd Sept
A gap down below 7940 again created a 200 point drop in the index as it dropped to next support near 7725( low of 7746) and vix hit 30 plus on the move above 25.75. Refer to weekend notes.
Levels and Plan for 1st Sept
We saw aggressive buying at 7980 early in the day, a round of selling near 8055 and another round of buying near 7962 which helped close the indices near vwap. At the close we had a failed auction at 7961 F as a reference point for the next few sessions.
Levels and Plan for 28th Aug
It was a quieter settlement and the spot finished at the yearly support it broke on Monday in a trade which did not leave a lot of clues for the next session. The 2 profiles were a DD but sellers were seen coming at the highs as we closed away the series.
Levels and Plan for 26th Aug
In today’s trades the big support of the year at 7920- 7940 was tested twice and the market closed just under it. The elevated vix coupled with the expiry week pressures will keep things volatile and traders should remain sharp and alert as profits earned can slip away in minutes as would the multiplication of […]
Levels and Plan for 25th Aug
A sharp selloff accelerated by close after a gap down open which took apart weekly supports as well as year lows and dropped the Nifty to 7771 levels. With a volume which crossed 335 L just in Nifty today we saw a much higher time frame operating in the markets than otherwise seen.
Levels and Plan for 24th Aug
A nice developing balance was interrupted in the last 40 minutes of the session in a spike which had retraced fully by the close. Even though we saw nice buying at 8222 and 8250 levels earlier in the day, the OrderFlow showed sellers hitting the bids furiously in that spike.
Levels and Plan for 21st Aug
Finally the seller from 8510+ prevailed over the buyers from 8440 levels creating a 100 point drop in 3 hours of a range which was consolidating for 3 days in 100 points. It’s just the way the market works and we await a test of 8280 F in the coming 2 sessions to see where […]
Levels and Plan for 20th Aug
At the close the NF and the BNF stayed in balance . The attempt in the first 5 minutes of trade was negated strongly and the technical 80% rule took the NF to 8525 VAH and the rest of the day was spent between POC and VAH.