Levels and Plan for 04th Nov
In yesterday’s post, we mentioned about the importance of 8050 support and the 8128 resistance. The Buyers of yesterday pushed it to resistance at 8128 F early at the open but were unable to move it beyond the same. We continue to watch for fresh buying above 8125 which can push it back to 8180 […]
Levels and Plan for 03rd Nov
We got another Neutral day in the markets today as spot 8000 got defended on the first touch after 8330 and the market rose to close at session highs. 8050F is the rising support of the market and a test of Friday’s broken 8124- 8128F the objective of the volumes we saw in closing […]
Levels and Plan for 02nd Nov
Friday we had a neutral extreme day in the markets which closed below the Oct series vwap of 8111 spot. We have had 5 straight sessions of value lower and a balance is not yet seen. The seller remains in control of the trend he altered on Wednesday.
Nifty/ BN Weekly View (spot) for 02 Nov- 06 Nov’15
Last week despite a gap up Open on Monday the Nifty failed to get new buyers above 2015 POC of 8330, setting up a long liquidation process which got compounded with expiry trades and the Nifty closed near the lowest point of the week. The expected expiry around 8440 did not materialise and instead the […]
Levels and Plan for 30th Oct
The settlement close was at the 8111 spot level we have been tracking for the past 2 sessions and vwap of Oct expiry sits at 8111 also after the close of the session. Most people treat vwap as a number ignorant of the function it has. For us at Vtrender, the vwap curve- declining or […]
Levels and Plan for 29th Oct
Tom is expiry day and the auction will be dictated by the response of the 8200 put writers early in the session. Profile wise we saw a DD today after the neutral center yesterday. Though the auction has been slowish, the seller has the upper hand and we wait out the establishment of a balance […]
Levels and Plan for 28th Oct
The Nifty stayed below the composite POC of last week of 8260 levels and moved to 8217, the low of last week. After the b shaped long liquidation profile of yesterday, we got a neutral center today and should support of 8220 be violated tomorrow, the risk of 8155 spot and 8111 is high. Upside […]
Levels and Plan for 27th Oct
Long liquidation set in today at the 8330 POC of 2015 we have been following for trend confirmation/ pullback. But as the index dipped off that pivot point, our charts did not pick up aggressive selling at the lows or near midpoint of the session. On the basis of the profile of the day, we […]
Levels and Plan for 26th Oct
The Nifty closed at the supply band of last week. The day type was a normal variation day. The profile again showed buyers buying the dip from 1 pm onwards.
Nifty/ BN Weekly View (spot) for 26 Oct- 30 Oct’15
We saw aggressive dip buyers buying on good volume all the dips in the week. In comparison at higher prices, the sellers weren’t aggressive enough on the day TF and it resulted in Nifty closing at the weekly supply during the week. From last week’s report, we reiterate and maintain “ As long as the index […]