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
Profile charts of today
The left of the chart gives the heavy volume at 6039 which is the next important level below 6124. Holding 6039, there is reason to believe the market will auction upto 6139 again. 6139 was where the morning buy auction shut off. The sell auction from 6105 was met with buying at 6046, six points […]
Trade Alerts : 6th Jan
*** INTRA-DAY TRADES *** * Sell Nifty 6102-6104, sl 6125, tgt 6080/6050Booked profits at 6061+ 41 *** OPEN TRADES *** * Buy 6000 PE at 57-59, sl 39, tgt 83/ 111.Booked profits at 73.5+ 16 * Buy Mini 6065-6067, sl 6039, tgt 6106/ 6124OPEN Total points for the Day : Mini Nifty : Nifty : […]
Nifty weekly profile
This weekly profile chart of the Nifty future shows a buildup of Tpo’s at 6185-6200 , and relatively light at the bottom.this meant that the market was top-heavy at the start of the week and should have auctioned to the lower end at 6124 which it eventually did. The purple zones are the value areas […]
Bank Nifty pnF chart
This chart captures the sell-off in the BN effectively. Follow the red arrows and the horizontal lines for reversal in prices ( if it happens)
Directional move unfolds !
So after the dull and boring session on Monday we have had two exciting days of activity and the directional move we spoke about in the post here has shaved off 600 points in the Bank Nifty and about a 120 points in the Nifty from high to lows. The seller has been dominant through […]
Profile charts of today
what was not good in the Nifty today was the range extension of almost two times the IB, and the ability to move above vwap. 6122 still a key tomorrow. Two back to back ‘b’ shaped profiles, with a strong seller at the open. Tomorrow we wait for the open to be within value/ within […]
Trade Alerts : 5th Jan
*** INTRA-DAY TRADES *** * Buy Mini Nifty 6128-6132, sl 6105, tgt 6168/6186SL taken-23 *** OPEN TRADES *** *Sell BN 11600, sl 11700, tgt 11511/ 11465Booked profits at 11486+114 * Buy 6000 PE at 57-59, sl 39, tgt 83/ 111. Total points for the Day : Mini Nifty : -23Nifty :Bank Nifty : +114Option : […]