Levels and Plan for 9th July
We opened gap down today but unlike the past 2 gap downs this time the IB was not tested at the lows off the open and the market did not make a great attempt to stay above the Opening price. The result was that it went lower after IB before some buying at lows helped […]
Levels and Plan for 8th July
The imbalance of yesterday was followed by a balance but the auction shifted gears late in the closing hours and reached KRA from where an initial buying response was seen to close it back at vwap. We also saw signs of an excess at 8561 today in NF and liquidation near BRN of 19000 which […]
Profile charts dt 07/07/15
We saw the first signs of an excess in the profiles at the highs today. Taken with an MO reading of over 60 it points to a short term shift in the ongoing auction.
Levels and Plan for 7th July
The dip buyers seen previously at 8380, the pullback low at 8404 and the weekly LVN all converged to provide a good platform for the Nifty to absorb the dip and shoot to new highs during the session today. At the close however we got a feel that the long inventory made during the day […]
Profile charts dt 06/07/15
Just like last Monday the charts show responsive buying picking up at the lows near previous marked weekly supports. The day finished at the highs.
Levels and Plan for 6th July
The day and the week closed at the highest point as the bull who took control early on the dip on Monday kept up the pressure taking value higher during the week
Nifty/ BN Weekly View (spot) for 06 July-10 July’15
The exogenous event at last Monday’s open forced the index below our first support given at 8260 in the weekly post and came within 15 points of the major monthly support of 8180, but once the index pulled up above 8260 again that same day there was no pulling back and the Nifty finished the […]
Levels and Plan for 29th June
The first day of the new series saw initiative sellers and responsive buyers in the indices. At the close however the markets remained in the old 4 day balance and the auction continued in balance.
Profile charts dt 26/06/15
The first day of the series had initiative sellers and responsive buyers in a market which closed at vwap. Here are the charts
Levels and Plan for 26th June
Expiry day saw the spike lows of the previous session holding and a push higher to take out the poor highs seen the previous day.The series expired close to where it had begun.