Levels and Plan for 26th Aug

It was 2 different auctions rolled into 1 session but the expected long liquidation near 16000 and sellers from 7965 F mentioned in the hypos played out fully.

Levels and Plan for 25th Aug

Step 2 of the Stedlmayer distribution is playing out in the short term with an expected Aug expiry between 7840 and 7965 F aug series.

Levels and Plan for 22nd Aug

In a neutral center environment, both buyers and sellers tested each other out as NF finished yest again at day vwap and day dpoc.

Levels and Plan for 20th Aug

The NF tried to move above the imbalance target of 7916 repeatedly but sellers persisted today and NF closed balanced on the day

Levels and Plan for 18th Aug

The auction today continued doing the job it has been doing this week of pushing sellers highs. Buyers are protecting the lows and sellers are moving higher.

Levels and Plan for 7th Aug

Unable to hold on to the gains of yesterday at the 7740- 46 level the Nifty collapsed to finish at day extremes again in a normal variation day

Levels and Plan for 6th Aug

The RBI meet turned into a non-event but the market was anything but non-eventful. Classic auction theory at work again in a neutral extreme setup.

Levels and Plan for 05th Aug

The Nifty opened above friday lows managed to cross the 7652 level of support mentioned friday and challnged friday’ sellers above 7695- 7720 to close at day highs.