Volume Point of Control ( POC)
Many of you following this blog would be familiar with the terms VAH, VAL & POC. These are the value area high, value area low and point of control. Whilst the VAH & the VAL are important for a particular days action and the next, and lose their relevance after some time, the POC becomes […]
Nifty Profile
Last night when I was looking at the profiles, I had a strong feeling that the market would rotate back upto 6110/ 6124 before moving lower. Infact the exact comment was “Holding 6039, there is reason to believe the market will auction upto 6139 again”. The conviction came from the high volumes at 6040 on […]
Trade Alerts : 7th Jan
*** INTRA-DAY TRADES *** * Sell Nifty 6019-6023, sl 6052, tgt 6000/ 5975Booked profits at 6000. TSL taken on bal.+ 23 * Buy Bank Nifty 11190, sl 11144, tgt 11260SL taken-45 * Buy Bank Nifty 11255, sl 11225, tgt 11310Booked profits at tgt 1. TSL at cost taken on rest+ 55 * Sell Mini Nifty […]
Amazing BN- part 2
Here is the second part of what happened in The BN after my post at 12.40. The sell signal got triggered below value area low at 11250 and clocked another 200 points in the Bank Nifty at the close. The signal changing from blue to red marked the return of the seller ! .
Amazing BN !
The highlight of the past two hours of trading has been a fast move down in the Nifty and an even faster upmove in the Bank Nifty. Check this chart : Check the signal from order flow at 10.45 this morning with the price at 11100. It went on to just hit 11320 ! 220 […]
Not an easy trend day . watch 6003 and 5976