Levels and Plan for 22nd July

he Markets spiked lower in afternoon trade and made it to our first weekly support of 8518 mentioned over the weekend ( day low of 8517) . However the BN weekly chart was technically damaged in the sell off today and reached 18700 by close. Since the auction was a spike we await new information […]

Levels and Plan for 21st July

So often we have seen and discussed in our trading room that the first 15 minutes of Opening volume on a Monday this series (and some of the last) has been reversed and the same played out today yet again. The Nifty was relatively unchanged at close.

Profile charts dt 20/07/15

We had failed range extension in the Nifty today and a Normal variation in the BNF. Here are the charts :

Levels and Plan for 20th July

The NF and BNF put in a Normal day again as market participants digested a 3% move seen in the main index during the week. Both Profiles are back to balance.

Nifty/ BN Weekly View (spot) for 20 July- 24 July’15

In the weeks of 06-10July and 13th- 17th July  we had placed a pivot at 8370. Our OrderFlow tools did not pick up huge selling interest below this number and on Monday of the week gone by  the bulls seized the initiative by climbing above weekly VAH on monday itself and hitting the 200 point […]