Nifty in Profile (update 1)

The repair got done as the market built in a balance and it accepted the lower price move from the day before.

 

Nifty Mp 40 Nifty In Profile (Update 1)

 

The day high was around the 6038 figure pointed out in the morning post and the same will be used to cover shorts if the market decides to re- probe higher again tomorrow.

 

Orderflow data from yesterday showed sellers entering around the 6075 May F zone, but today's data shows long interest developing at the 5985/ 5990 May futures level.

 

Let's see how it pans out tomorrow, but it will be a good trade able setup with risk easy to manage.