Market in Balance
Here is a 2 day profile of the NF: The market is clearly in balance. 2 choices await our trading today : 1) The value area rule which will mean a trip back into the value area from current levels.The 2 day value area is the green lines and it’s the current lows of NF […]
21/12/11
Nifty : The above charts is a consolidated profile chart of the NF post the fall from last Friday. The actions shows the NF movement of the past 2 days within a range of 4633 and 4637 which it hit today.In the process the market violated the FA point of 4662 which is a bearish […]
Mini Composite
Here is a mini composite profile from yesterday’s morning session. a) Shows the market balancing off the big move from Friday b) shows a small short covering which took the market to gap fill and day highs late in the afternoon. c) Shows the morning session and early rejection of the drive from noon yesterday.The […]