Levels and Plan for 26th March

Expiry day tomorrow and as always it’s a day the  market gets dominated by Option players adjusting inventory than  by technicals etc. We still have a plan though based on the current auction and will let OrderFlow guide us into it.

Levels and Plan for 25th March

  The Buyer presence noted yesterday at 8555 saw a quick rise in the morning session to the 8624 resistance zone and again in the afternoon to 8653 but on both occasions the seller sold at the higher levels to reduce the gains made in the day

Levels and Plan for 24th March

Another day and another move below VAL but as the MO reached -70 levels we gt the first signs of responsive buying at 8556 late in the day, amongst the biggest in the past 250 point fall. 70 points away from our swing objective of 8473, it is a sign of sellers closing/ buyers coming […]

Levels and Plan for 23/03

The Markets returned to balance on friday after the fierce selling seen on Thursday. On thursday the major selling was done by Pro shops whose outlook is very short term in nature. These Pros covered shorts on friday and went long at close.

Levels and Plan for 16th March

A long unwind trade in the Nifty and a short Buildup in the Bank Nifty took both indices to weekly  lows at the close  in a typical trend day environment which began on an Open Drive.

Levels and Plan for 5th March

The Short term polarity of the auction changed today with sellers coming at the top at 9191 in Index F. At the close however there were signs of the gains being booked and the auction would have to drive up again to meet sellers

Levels and Plan for 3rd march

The Day after the big budget session saw the Buyers at 8830- 8845 of the previous session defending day lows and using the dip to buy into. The BNF saw shorts being covered in the dip between 11.30 and 12.00 creating a failed auction at the lows

Levels and Plan for 02nd Mar

The Budget session created high volumes and a big range which was supported at the lows by the Feb Vwap.  The High Buying volumes noticed off those lows suggest a defense of that level over the coming sessions till the auction changes polarity again

Short Term Profiles

        Here are some Composites of the NF and the BNF Feb Futures. Charts annotated

Levels and Plan for 20th Feb

The expected dip below 8840 came and the Nifty found the buyers it needed to confirm that close above 8840. The projected 9035 is one step closer.