Trading Room Charts – 10/02/14

Bn_Feb

Bnf_Feb_Compo

Feb_Nf_Compo

Nf_Feb

Brief Comments :

The Nifty chart shows a buyer near VAL on 3 occassions who lifted the market. The strong red bar at 3.00 pm at vwap could be this buyer/ buyers liquidating that position causing a fall of 20 points in a quiet market. 6077 is now resistance for the next session as it shows a failed upper move.

The BankNifty has a higher number of tall red bars belonging to the seller with some blue coming in the last ten minutes at close which could be intra profit booking. This chart of today shows strong selling at 10250- 10280.

The Nifty Composite MP chart has single prints at 6102 which are sellers. These indicate that the upmove seen late on friday is cancelled.

The BNF composite chart also has single prints at the top and a close at the lows. Profile is an inside day with vwap of 10260.