The open of today is outside of value but in range.
The levels I am watching are 5325 and 5354 and beyond this are 5298 and 5378.
Value for today in the Nifty is 5377-5365-5354 and in the Bank Nifty it is 9777-9756-9694.
Uploading a chart of the Nifty future for the past 4 days of action.
We had called for a move lower as per profile today and we have it with value building in the lower part of yesterday’s profile.
The only thing is whether we continue like this as happened on Friday or make new ground.