Levels and Plan for 20th Aug

At the close the NF and the BNF stayed in balance . The attempt in the first 5 minutes of trade was negated strongly and the technical 80% rule took the NF to 8525 VAH and the rest of the day was spent between POC and VAH.  

Levels and Plan for 19th Aug

Another day when the Nifty lost a great opportunity to rectify the orderflow imbalance above 8510F. That region is now firmly in control of the sellers putting pressure on the responsive buyers at 8440 who may not be able to hold up for long . Auction however finished balanced at the close.