Levels and Plan for 16th Nov
We got a neutral center in the NF in Friday’s session. We also note an FA at 7742 which saw a huge buying order enough to push the index up 54 points during the session. However, the close was at vwap and just like last Friday resembled a pause.
Nifty/ BN Weekly View (spot) for 16 Nov- 20 Nov’15
Our last week’s view: “The Larger time frame has gone weak and we maintain 7830 as the immediate target below 7950 and a possibility of 7645 and 7545 before the Month of November runs out”. The index is still one time framing lower which in Market Profile means complete domination by one party viz. sellers […]