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 […]

Levels and Plan for 24th Sept

An open test drive below yesterday sellers saw no new selling and the market came back into the balance area we have been mentioning all of these past few days. It’s been a series where the otherwise savvy Option writers have not been as sure about the close on settlement. For us, we lean on […]