This morning off the open we noted the huge volumes at 5139 NF and as the market started to rotate we realized that should that buyer be taken out the market would be ready to move down swiftly.
The market moved up and down around the vwap and once the level of 5139 broke, there was no looking back.
Our OrderFlow had a whipsaw resulting in a loss of 24 points as buyers and sellers jostled for supremacy around the day’s dpoc and the Volume weighted average price.
But once the issue was resolved with a new sell signal, signifying sellers taking control at 5137, we managed to pocket a cool 70 points reversing the previous losses.
The Bank Nifty has been completely under the control of sellers since 9340 yesterday.
Here is the updated spreadsheet detailing the OrderFlow gains from the 7th of November this month.
In 6 sessions of trading ( 5 on the NSE) we have
[googleapps domain=”spreadsheets” dir=”pub” query=”output=html&widget=true&single=true&element=true&gid=0&key=0Aguuu7T3NhX2dHRQTVdTanJaaTZVZXNUc3hDQ195LXc&range=K2%3AK35″ /]
these gains to show for the OrderFlow Performance.
