The one-time frame up seen since the start of the new series of July showed signs of a pause today and value moved sidewards as responsive sellers appeared at the highs. However, bulls managed to hold the critical 10920 level well and that along with the 10897 will keep the buyer interested as we move into phase 2 of the distribution. We are anticipating a move down to 10850 to check for demand before another move in the auction. I like to work with a plan and a top-down approach to the market. A yearly and monthly outlook is updated…

At the close of RBI day 2 things stood out from the Profile – 1) we remained within the 9 day composite balance of 10750- 10550 and having defended 10550 and the auction not finding willing new business there it seems to have made up it’s mind to test the supply around 10730- 10750 F again. and 2) the Range expansion happened and we got a 126 point range within the old balance. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-week-dated-04th-june-to-8th-june-spot-prices/. It is the same MarketProfile view working for a 1- 5 day period on the Nifty and the…