Levels and Plan for 02nd Nov
Friday we had a neutral extreme day in the markets which closed below the Oct series vwap of 8111 spot. We have had 5 straight sessions of value lower and a balance is not yet seen. The seller remains in control of the trend he altered on Wednesday.
Nifty/ BN Weekly View (spot) for 02 Nov- 06 Nov’15
Last week despite a gap up Open on Monday the Nifty failed to get new buyers above 2015 POC of 8330, setting up a long liquidation process which got compounded with expiry trades and the Nifty closed near the lowest point of the week. The expected expiry around 8440 did not materialise and instead the […]