Levels and Plan for 31st Oct
For the second month in a row the expiry session was anything but dull and produced a 114 point move this time in the upward direction as the market finished the series at the higher end of the range
Levels and Plan for 30th Oct
Another Neutral day in the markets and an exact repeat of Tuesday’s auction as the dip did not get new sellers and the market closed at day highs.
Levels and Plan for 29th Oct
Yesterday’s shorts gave up today in the Nifty creating a short covering move in the second part of the session even as traders adjusted exposure to the twin issues of the FED outcome and the October expiry scheduled on thursday
Levels and Plan for 28th Oct
The first day of the week saw a rise in IV’s across the board as traders prepared for the outcome of the FED meet later this week and the October settlement. It’s all about managing the inventory and risk as traders looked like they are pruning long positions today
Levels and Plan for 27th Oct
Last week we had a V shaped recovery and a 61.8% retracement of the fall which gave us a close in an area which would make both the existing shorts and the new longs tentative about the coming week which has a FED meet and an expiry session and a monthly close. Our strategy […]
Levels and Plan for 22/10/14
Finally shorts relented today in the Nifty F, some of them booked and the index closed above 7920 . For the second straight day the dip was aggressively bought as sellers got pushed into a corner.
Levels and Plan for 21st Oct
A gap up took the indices higher today but we saw more of the same OrderFlow as Friday with the Nifty F still persisting with the short buildups and the BankNifty showing huge long futures added.
Levels and Plan for 20th Oct
A combination of local and international factors will ensure a high volume open at the Opening bell tomorrow. On friday the Nifty and the BankNifty finished mixed, with the Bank Nifty showing a trend day and positive order flow and the Nifty a neutral center and negative orderflow from the highs.
Levels and Plan for 17th Oct
USDINR at 62 and a vix near 16.70 with global markets in turmoil and swinging wildly would tell us that the current phase of the market is not “normal” by any standards and caution advised on long as well as short side. We urge you to stay nimble and don’t be rigid with your view. […]
Levels and Plan for 16th Oct
The markets open tomorrow after a day’s gap and will immediately react to 2 conflicting pieces of news – one that of the riling party at the center getting stronger nationally and 2 of the sell off in the US markets. It would be a time not to be rigid of your view but to […]