11/01/12
The break from the value area high of the composite profiles in NF and Bn was clean and we had a trending move out which measured about 100 points in the Nifty and 260 points in the BN. Value was created higher which showed a mix of buying as well as short covering taking place. […]
Entering the seller’s lair
The chart shows the previous highs on the left and the reactions as sellers took control of prices in this zone. .