Session 14 of the series saw the Nifty and the BankNifty closing near the lows and near the supports of the trend up we highlighted in our weekly post.
Session 13 of the series saw the Nifty and the BankNifty attempting the move away from the Normal day we discussed at Thurs Close. However the move brought opposite results and the BNF finishes much weaker on the day.
Last week in our commentary – http://vtrender.com/nifty-weekly-view-spot-prices/ we made a case for Nifty to be a buy n dips and that it would move higher. The index hit a high of 8489 in Friday trade which is vwap of April series.
General Chat Transcript Room Name: Vtrender Date and Time: May 22, 2015 09:14:41 [08:53] r m : Good Morning folks! [08:54] r m : http://vtrender.com/levels-and-plan-for-22nd-may/ [08:54] Porus : GM Rm and all [08:54] r m : Hi Porus [08:54] r m : http://vtrender.com/premium/orderflow-charts-and-notes-21st-may/ [08:54] r m […]
Session 12 of the series saw value going sideways in a market which had initiative sellers and responsive buyers at the lows in a profile which in Market Profile is called a “Normal” day.
General Chat Transcript Room Name: Vtrender Date and Time: May 21, 2015 09:16:10 [08:54] r m : Good Morning folks! [08:54] r m : http://vtrender.com/levels-and-plan-for-21st-may/ [08:54] r m : http://vtrender.com/premium/orderflow-charts-and-notes-2005/ [08:54] Porus : GM RM [08:54] r m : Hi Porus [08:54] r m : Nifty […]
Session 11 of the series saw again value built higher as VAH was again defended on the drop. This is the 4th straight climb in value and dip buyers seems to be outnumbering responsive sellers.
General Chat Transcript Room Name: Vtrender Date and Time: May 20, 2015 09:19:48 [08:50] r m : Good Morning folks! [08:50] r m : http://vtrender.com/levels-and-plan-for-20th-may/ [08:50] r m : http://vtrender.com/premium/orderflow-charts-and-notes-1905/ [08:50] r m : Nifty MAY Future levels| Key Reference Area 8386| Hypo1 above 8386➜8418➜8436 SL 8341| Hypo2 […]
Session 10 of the series saw a strong responsive seller coming into the market after 3 sessions from a known reference point and dropped the index down to day lows quickly. The auction came back to the spike zone and will have to break it decisively again for a fresh move.