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. .
NF Composite
NF composite is trying to break out of the bal zone. 4782 is VAH for the composite and current lows. Use it to manage risk on the breakout. .
10/01/12
The day to day activity is not giving us any edge when it comes to organising market behavior and waiting for the direction to clear. So I have attached composite profiles to filter the noise out and see what the market has done from the 3rd of Jan this year. The answer- actually nothing. But- […]
09/01/12
A big neutral day in both indices where we saw a range extension on one side and a triple range extension on the other. With a pull back late in the day erasing the gains from what would have been a 3I day otherwise, the market is back at the closing level it has chosen […]
trend 06/01/12
BankNifty : Nifty : .
06/01/12
I tweeted a while earlier on my twitter handle- This was posted in the trading room earlier today- [09:14] Shai : 2 ref points today- 4737 a pull back low- mkt is negative below it & 4794 a previous HVN- mkt is positive above it.Rolled over over for tom’s session 🙂 Both my levels were […]
Double Inside
I tweeted a while earlier on my twitter handle- This was posted in the trading room earlier today- [09:14] Shai : 2 ref points today- 4737 a pull back low- mkt is negative below it & 4794 a previous HVN- mkt is positive above it.Rolled over over for tom’s session 🙂 Both my levels […]
05/01/2012
Nifty : The Nifty did enough on a neutral center day to keep both buyers and sellers interested for the coming session and with even chances. For the day a pull back towards POC and the bounce towards 4800 was in keeping with the trend from yesterday and the fact that buyers were in control. […]
04/01/2012
We had a trend day today after a balanced profile yesterday.Even though it didn’t start off from the value area and range of yesterday, the O below D seen in the charts above and the single prints at the bottom of the profile were enough indications that longer term interest was moving the markets today […]