Good Morning All.
Markets have opened the new moth of August near value high from friday.
5407-5398-5388 are the value areas and if we see an auction above 5407, then 5420 and 5435 become immediate targets.
10185-10159-10134 are the value areas for the bank nifty. It is incidentally well above 10210 which was a ref level.The inside day on friday also pointed to a large move in the BN today. Use value high at 10185 to manage risk on the index.
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We apply the concepts of the MarketProfile and the Orderflow to the Nifty and Banknifty Futures and Options.
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