Levels and Plan for 18th Aug
The auction today continued doing the job it has been doing this week of pushing sellers highs. Buyers are protecting the lows and sellers are moving higher.
Levels and Plan for 14th Aug
We wanted a test , we got a test though not a very convincing one the Up auction is still strong in Nifty
Levels and Plan for 13th Aug
The NF put in a neutral extreme day and closed at day highs in imbalance. Nifty Aug F
Levels and Plan for 7th Aug
Unable to hold on to the gains of yesterday at the 7740- 46 level the Nifty collapsed to finish at day extremes again in a normal variation day
Levels and Plan for 6th Aug
The RBI meet turned into a non-event but the market was anything but non-eventful. Classic auction theory at work again in a neutral extreme setup.
Levels and Plan for 05th Aug
The Nifty opened above friday lows managed to cross the 7652 level of support mentioned friday and challnged friday’ sellers above 7695- 7720 to close at day highs.
Levels and Plan for 4th Aug
A gap down got closed but the seller took the initiative to sell near the highs and the market closed near it’s lowest point
Levels and Plan for 31st July
A short covering of Morning shorts and the shorts from Monday ensured that the Nifty closed near 7800 again
Levels and Plan for 30th July
The “toehold” mentioned in the last update managed to pull the index down on Monday and buyers were called to defend the “7716-7728” mentioned in the last report
Levels and Plan for 25th July
Another day and another round of seller annihilation as the buyer once again closes at session highs. It’s happened at 7696 at 7746 and today at 7796 F