Levels and Plan for 24th Sept
The markets trended lower again today meeting up with the high volume up points from last week
Levels and Plan for 23rd Sept
The markets gapped lower yesterday, found buyers and closed near the highs of the session. However OrderFlow pointed a skew towards the downside at the close
Levels and Plan for 22nd Sept
The markets consolidated their gains in the upper half of thursday’s prices which was a trend day structure. OrderFlow showed a small long liquidation at the close but that was more to do with the weekend effect than anything else
Levels and Plan for 19th Sept
The pause seen yesterday gave way to a big move today in both the Nifty and the BankNifty as the markets trended higher and closed higher with volumes in the Nifty Sept F of 15.91 Million.
Levels and Plan for 18th Sept
The Market found balance today after the trend day of yesterday and signalled a pause > Directional bias is back to neutral now but ready to proceed on the next leg.
Levels and Plan for 17th Sept
Yesterday’s long liquidation resulted in a trend lower today as the marked dived all day but orderflow showed that it was an over-reaction. We will know for sure tomorrow .
Levels and Plan for 16th Sept
The market gapped down today met buyers at the lows who tried defending the lower prices but long liquidation followed in the afternoon as previous supports turned into resistances
Levels and Plan for 15th Sept
Friday the market spent the early part of the day in a 25 point range within a 125 point range as it wondered all the release of data after the close. It eventually closed at session highs.
Levels and Plan for 12th Sept
The market was again volatile in this range as it has been, but the buyers at 8080 responded again to lower prices . That is now 3 times since last wednesday and we know with every visit it will get weaker
Levels and Plan for 11th sept
The market gapped lower at the open, was in an OAOR, found sellers then buyers at the destination trade before finishing near day POC leaving 8142 as a big reference area for the remainder of this week