Here is the composite from last night. We mentioned about the spike and the Nifty has chosen to auction in the spike zone above the POC of yesterday.
The two zones on the chart have depleted volumes and need to be re-visisted.
Here’s the one as of the moment- an update to the above one.
Here’s the thought :
As long as the day low holds, this market will fill the zone between 4720 and 4760. Once that get’s done the market can try to fill the upper zone between day high and 4833.This is not for intra day but for the market into the coming week.
The theory is void below PS1 of today which is 4707.
Let’s see how it pans out.
