The NF and the BNF opened in value and range and the volume of the session was muted with locals trading the prices. The NF finishes as a Gaussian curve and the BNF as a Neutral day.
OrderFlow Charts and Notes 17th Oct 17
Trading Room charts dated 17th Oct 2017
The NF and the BNF Profiles from Tuesday’s session( Oct Futures)
The NF and the BNF opened higher today but were met with strong responsive sellers which pushed the NF to the POC of Friday and the BNF to the extension highs of Friday where equally strong responsive buying emerged to carry the index back to the highs.
OrderFlow Charts and Notes 16th Oct 17
Trading Room charts dated 16th Oct 2017
The NF and the BNF Profiles from Monday’s session( Oct Futures)
Last week the USDINR traded in the range of the Trend day profile of 4th Oct for 4 of the 5 sessions but gapped lower on Friday and stayed low. The Friday auction below the recent range would signal a stronger bearish bias for a restest of 64.67/ 64.70 F which was the auction reference […]
From Last week’s post – The Bank Index, however, played a sideways narrow range on only 235 points in the week and should be the one to trade in the coming week for a directional trigger. The Nifty is looking to trade a 9800- 10150 range for Oct series with the Pivot for […]