Incomplete DD

The market put in another DD ( double distribution  today with the upper bell not complete and requiring more auction in tomorrow's session.

 

An explanation of a DD can be found here- http://www.vtrender.com/glossary/d

 

Bn Mp 22 Incomplete Dd

 

Nifty Mp 22 Incomplete Dd

 

Expecting the market to make highs nearer to the open tomorrow and maybe consolidate or pull back a bit again tomorrow to check for unfinished business at 5330- 40.

 

Today's buyers should come back to defend prices should we come near 5330 tomorrow. Failure to do so will put it back in the balance and run the risk of re visiting 5290 and even 5265 again.

 

The BN turned in a big performance today and yesterday's strength where it refused to break PDL materialized in big gains today..

 

Like the NF, the profile requires filling up near the top.