BankNifty 2 day

Our last post on the inside day in NF fetched 20 points on the downside and 30 on the upside yesterday as the Market broke out of the thurs – fri range .

 

That level of 6035 is still an important level for the NF as it meets overhead supply.

 

As RM pointed out in the room we have an inside day in BNF to contend with today.

 

2 Day Plot 0 Banknifty 2 Day

 

12856 and 12754 (in green) are the value areas with vwap at 12801 and dpoc at 12840.

 

within the value area 12754- 12856 it's a no trade zone as market action will be random.

 

12832 and 12731 are the breakout points above value area and should spike 40 points at least as soon as they break.

 

Stops on either side can be kept at vwap or dpoc.