Levels and Plan for 22nd Sept
The markets consolidated their gains in the upper half of thursday’s prices which was a trend day structure. OrderFlow showed a small long liquidation at the close but that was more to do with the weekend effect than anything else
Levels and Plan for 19th Sept
The pause seen yesterday gave way to a big move today in both the Nifty and the BankNifty as the markets trended higher and closed higher with volumes in the Nifty Sept F of 15.91 Million.
Levels and Plan for 18th Sept
The Market found balance today after the trend day of yesterday and signalled a pause > Directional bias is back to neutral now but ready to proceed on the next leg.
Levels and Plan for 17th Sept
Yesterday’s long liquidation resulted in a trend lower today as the marked dived all day but orderflow showed that it was an over-reaction. We will know for sure tomorrow .
Levels and Plan for 16th Sept
The market gapped down today met buyers at the lows who tried defending the lower prices but long liquidation followed in the afternoon as previous supports turned into resistances
Levels and Plan for 15th Sept
Friday the market spent the early part of the day in a 25 point range within a 125 point range as it wondered all the release of data after the close. It eventually closed at session highs.
Levels and Plan for 11th sept
The market gapped lower at the open, was in an OAOR, found sellers then buyers at the destination trade before finishing near day POC leaving 8142 as a big reference area for the remainder of this week
Levels and Plan for 10th Sept
The market found sellers early at the open near yesterday’s highs but buyers from the lower end of yesterday managed to push the Nifty to close near midpoint and vwap.
Levels and Plan for 9th Sept
The market tested supply at 8173 F today and managed to break above it after finding sellers not being aggressive at that price point for over an hour.Even the BNF closed at month highs
Levels and Plan for 8th Sept
Friday’s session was wild but functioned within the parameters known already- that of supply being present above 8140 and good buyers buying near 8075/ 8088.