Levels and Plan for 23rd Sept
A slowish open offering poor trade facilitation turned on it’s head when POC of the previous session broke and went through the profiles of 11-16 Sept to finish at the lows of that multi-session balance.With 2 days left for expiry, the market finds itself again at the developing vwap of Sept near 7825 spot
Levels and Plan for 22nd Sept
The Markets gapped lower today, but the Orderflow showed Buyers taking immediate control and they prevailed to close it at the higher end. However, Sept F showed heavy short buildup as we moved into higher prices.
Levels and Plan for 18th Sept
The markets were closed today, but even if they were not, it would have been a low volume grinding trading day with big money choosing to stay away ahead of the event and speculative positions built with hedges for the Friday Open in anticipation. In Wednesday’s session we saw strong dip buyers emerge at 7852 […]
Levels and Plan for 16th Sept
The aggressive selling we noted at the close yesterday was good enough to erase most of the gains in the session today. However late in the day we saw aggressive offers being taken and showed us buyers willing to step in to take the market higher.
Levels and Plan for 15th Sept
We had a low volume trend up day today which took the markets a little higher than the recent 3 day range it has been in. During the process, the bounds of the balance moved higher but we still saw sellers coming in at higher prices and selling bids aggressively.The lower volume and the OrderFlow […]
Levels and Plan for 14th Sept
The 3 day range the NF finds itself is not yet a complete bell curve . Whilst sellers mount up pressure at 7850 F the HVN at 7661 F is keeping the auction bound for now.
Levels and Plan for 10th Sept
The market gapped up today, and by the close the OAOR was a neutral center and a balance. EOD data did not show new longs created and the move was up on short covering. From the Profile we should be getting a trend day again tomorrow . Nifty Sept F : […]
Levels and Plan for 9th Sept
The NF opened in the spike , held spike lows and was unstoppable above spike highs of 7620 as the day trended higher to reach 7752. At the close the bounce was 195 points but we remain unconvinced . Even though the lows had buyers , there was long liquidation even shorts entering on the […]
Levels and Plan for 8th Sept
A normal day type developing till the last hour got a spike into the close and turned into a Normal variation. Earlier we saw the market visiting and testing the broken 7725 zone followed by a sharp 100 point sell off in minutes and then a responsive buying which took the index near day vwap […]
Levels and Plan for 7th Sept
The inside day broke out right away through an Open Drive down which took the Nifty down 167 points by close.