Levels and Plan for 28th Sept
A quiet expiry session was rotational in nature and the index closed a few points above the series vwap. The Banknifty also formed a nice gaussian curve in a Normal day which is a powerful pattern and an indicator to a trend day to come.
Nifty/ BN Weekly View (spot) for 28 Sept- 01 Oct’15
Last week we waited for a dip using 7780 spot as a reference point. On the trend day of Tuesday, the market stopped at 7780 at the close. However, Wednesday’s gap down failed to show sellers below 7780 leading to a 100 point rise to 7883 the same session. However with a series settlement, the […]