Nifty/ BN Weekly View (spot) for 15 Feb- 19 Feb’16
Last week the market broke down from the 4- week consolidation and closed at the lowest point of the weekly in imbalance. It was a typical trend down week and a move from a composite balance to imbalance.
Evening report trade dated 10th Feb
Finally a day when we didn’t have a textbook neutral , but two timeframes were clearly visible in the markets as strong responsive buyers came midafternoon to arrest the slide lower . We tracked the activity though vwap but the response was not good enough to take it above IBH or near the previous session’s VAL.
Evening report trade dated 09th Feb
Another neutral profile today bu we closed near day center and vwap. The gap down from the previous session range saw covering near 7296 but sellers continued to sell the highs near 7350.
Evening report trade dated 08th Feb
Another neutral profile and an extreme close. We are getting that day type by the dozens this series, and goes in line with our view of a sideways 200 point trading range for which we already have sold a 7400 straddle last week.
Nifty/ BN Weekly View (spot) for 08 Feb- 12 Feb’16
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Evening report trade dated 04th Feb
Another day and another neutral profile. This one was more balanced today and closed at vwap. It’s a 2-way zone now and profile continues to suggest a lower bias but the short term is balancing again.
Evening report trade dated 03rd Feb
We got another neutral extreme in the markets today. This leg of the Auction down is eerily similar to the one we saw in January between 7435 and 7620 . In that bracket also we had witnessed a drop from 7510 levels which were not covered for a long time. The next day Jan18 the […]
Evening report trade dated 02nd Feb
RBI day saw 2 timeframes active in the market and a clash for control. The first dip down to 7516 was bought by old business on the Buy side. However, they were not able to push the auction above VAH on the midafternoon pullback. The renewed selling which followed that auction pushed the buyers at […]
Evening report trade dated 01st Feb
Friday’s trend up was followed by a balanced distribution today and the market went two-time-frame again. We got a neutral day and an FA at 7606.
Nifty/ BN Weekly View (spot) for 01 Feb- 05 Feb’16
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