Levels and Plan for 17th July
Banks led the second straight day of gains as the main index closed 200 points over Monday’s lows in 2 days.
Levels and Plan for 16th July
Turnaround tuesday lived up to it’s top billing as we broke out of balance in a 2 way auction which showed sellers near the top and buyers at the bottom
Levels and Plan for 15th July
After the Imbalance seen from budget day the markets moved back to balance today creating a gaussian profile in the process. Stage is now set for the next leg of the move
Levels and Plan for 14th July
The Nifty trended down on the last day of the week and finished at weekly and session lows eliminating all gains from the previous week
Levels and Plan for 11th July
In the end the closing price did not reflect at all the nature of the two way auction which took place today and the market finished as a neutral day from a MP perspective
Levels and Plan for 10th July
Horizontal development came through today as the market found initial sellers then buyers and finally closed the session with sellers having a small edge in the day
Levels and Plan for 9th July
Ahead of the big event on thursday the sell off in the closing hour caught market participants by surprise and planted doubts in the minds of rampaging bulls
Trading Room : levels and plan for 8th July
The Neutral extreme of Friday was followed by a normal distribution today called the gaussian curve in market profile. The distribution tolds us that the markets accepts 7790 as new value at least for today.
Trading Room : levels and plan for 7th July
We saw a neutral extreme profile on Friday as the market explored both sides of the value area created on Wed and Thurs but the close was dominated by buyers.
Trading Room : levels and plan for 3rd July
Back in imbalance after the 2 way auction yesterday the markets hit all time highs again. It looks like 2014 would be the “buy the rumor, sell the event” kind of year as we head into budget day