NF Composite

The Nifty future continues to operate at the upper end of it's recent range


The composite profile again shows the balance developing which should set up another good vertical trade.


Mp 47 Nf Composite


As always exit of value area and range is the best strategy to trade the balance zone.


Current value area is 5374- 5328 with the POC centered at 5356 which should be the SL for the move.


The profile suggests a 190 point move out of the balance zone which is likely to target 5570 on the upside or 5140 on the downside.


We will continue to track the imbalance as and when it develops.