Evening Report dated 16th Oct 17

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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. 

Evening Report dated 13th Oct 17

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A bullish open drive above the spike highs of Thursday and the composite balance of the past 4 sessions changed the tone of the auction early on Friday and confirmed the bullish bias above the neutral zone of 10050- 10070 we had seen earlier in the week. Bulls were driving the auction at the weekly […]

Evening Report dated 12th Oct 17

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The auction on Thursday turned the tables back on the bears and went past the session highs of yesterday in the Nifty. The Banknifty managed to auction back to the scene of the crime at 23390. In the process, the Nifty went past and closed above the Failed auction point of 10084 seen yesterday. To understand the […]

Evening Report dated 11th Oct 17

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The auction on Wednesday trended lower sharply after a gap up failed to get new buyers to push prices higher in the afternoon session. The session erased all the gains made from the spike zone of last Friday and returned price back to that POC. The scene of the crime is at 10060 and a zone marked […]

Evening Report dated 10th Oct 17

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The auction on Tuesday was an Open above the responsive buying seen at 10005 on Monday but it seems to lack momentum as it moved higher. We could be building a sideways range in this zone now in NF. The path of least resistance remains up.

Evening Report dated 09th Oct 17

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The auction on Monday tested the lows of the spike zone of Friday and moved above the spike highs for a period and proceeded to form value in the spike zone. The spike of Friday is now an accepted auction and with value still climbing higher, the bulls are still in control.  To understand the short-term nature […]