We had a non trend day which gives an 80-90 % chance of a directional move to come either tomorrow or on Monday.
5995/ 6005 is the POC from where the move can merge and should be good for 50-80 points one way.The area between 5945 and 5985 is still un filled from a TPO point of view and should be the place where the Nifty should auction. Use Order flow and VWAP to determine direction.
Key is the POC for tomorrow.
Same view as that of Nifty , But larger TF profile suggests that there are enough TPO’s down to create a move up closer to 12000.We seem to be in step 2 of the Steidlmayer 3 step process and a large directional move can unfold anytime.
