Levels and Plan for 4th Jan
We got a double distribution on Friday on very poor volume of 58L. 7958 is roughly the extension point and we look to Monday open to see if we stay above or below this point at the open to qualify the move seen late Friday
Nifty/ BN Weekly View (spot) for 04 Jan- 08 Jan’16
The dec series finished with a vwap of 7804 and the short covering seen in the last 10 days of the series would keep the immediate bias up above 7800 in the early part of the new series. In the weekly there is immediate support near 7925 above which the bulls should feel comfortable early […]
Nifty and BankNifty in 2015 and Lookahead 2016
The Month of December was again 2 timeframes like most of 2015 was. And we got a balanced yearly profile to round things off. Earlier at the start of the month, we ran a poll on the expected yearly close as the Nifty stood between the dpoc of 8300 versus the 2014 POC of 7550 […]