Levels and Plan for 03rd Aug
The first day of the series was different to the expiry day and again the series vwap point played a role in projecting the index upwards to 8579 F by close.It was a 100 Point rise with OTF presence and a range extension.
Nifty/ BN Weekly View (spot) for 03 Aug- 07 Aug’15
Last week’s expiry trade was near the series vwap and the 1st day of the August series saw a 100 point move above this vwap placed at 8446 spot. The dip below 8450 spot early Monday morning saw the buyers from 8320 supporting the index on dips. We are now back to a positive outlook […]