04/04/2012
Earlier this morning on my twitter handle I had tweeted that the onus lay on the seller to move price lower failing which we would see price float higher. Ever since this rally began on expiry day, we have been watching for signs to show that the seller would be showing up. These can […]
Composite Update April future
So we have had a 200 point uncorrected rise in the NF since expiry day. It always happens when shorts cover and the market had reached a point when the risk reward had tilted towards the Buy side.I had posted as much in my last update on the 27th of March– "We are seeing […]
03/04/2012
Much of what I wanted to write today is already covered in the post of yesterday : http://www.vtrender.com/content/02042012 The NF stayed above VAL all day and had a positive range extension. We continue to hold the positive bias as long as both of them stay true. Overhead resistance at 5416 looms large […]
02/04/2012
The first day of a new series showed visible signs of short covering. In profile charts it's easy to see this in the shape of the Profile which is it is a letter p closing near the top end shows that inventory has covered . A b shaped profile on the other hand […]