03/01/12

Nifty Mp 03/01/12

Nifty : We had a balanced profile for the session today with  close in the upper half of the distribution.

In line with our post of yesterday, we were expecting a “fillup” in the lower distribution and that’s what happened today. If the market trades up above 4676, then it will enter the upper distribution of friday and move to 4710.It’s important to wait out an exit of value and range tomorrow for the best risk-reward opportunity.4672 is the big volumes from expiry day.

BankNifty :

Bn Mp 03/01/12

The BN also put in a balanced profile in the lower area of Friday’s profile.8010 represents the big volumes from expiry day and continued to resist the market’s up movement today.The market also saw heavy volumes at 7900.