Levels and Plan for 10th Nov
The ORR played true to the textbook also helped by the MO which had printed -66 in Friday’s session. Given the high volumes seen at today’s open, shorts covered and the buyers could close the gap seen at the Open in traded volumes between the sessions.
Levels and Plan for 09th Nov
The support of 7950 was repeatedly tested and even though we found aggressive buyers at the lows in the first attempt, as the day panned out the buyers could not claim a successful defence of the level, leaving possibilities open for Monday Nifty Nov F: Background / Previous Auctions : Weekly levels: […]
Levels and Plan for 06th Nov
Bears gave a lesson today to the Bulls on how to take advantage of a gap. As opposed to yesterday’s open above the 2-day range of 8128- 8050, the bear dominated the gap today in his favor and on the retest of the 8128- 8050 balance we have been pointing out, came back stronger to […]
Levels and Plan for 05th Nov
On a gap up Open, the markets lost a great opportunity to pull out of the 8050- 8128 range and reach for the expiry seller near 8180. We did sense opportunity for a long trade as long as 8085 was holding, but in the closing hour a sell-off followed which took the market down to […]
Levels and Plan for 04th Nov
In yesterday’s post, we mentioned about the importance of 8050 support and the 8128 resistance. The Buyers of yesterday pushed it to resistance at 8128 F early at the open but were unable to move it beyond the same. We continue to watch for fresh buying above 8125 which can push it back to 8180 […]
Levels and Plan for 03rd Nov
We got another Neutral day in the markets today as spot 8000 got defended on the first touch after 8330 and the market rose to close at session highs. 8050F is the rising support of the market and a test of Friday’s broken 8124- 8128F the objective of the volumes we saw in closing […]
Levels and Plan for 02nd Nov
Friday we had a neutral extreme day in the markets which closed below the Oct series vwap of 8111 spot. We have had 5 straight sessions of value lower and a balance is not yet seen. The seller remains in control of the trend he altered on Wednesday.
Levels and Plan for 30th Oct
The settlement close was at the 8111 spot level we have been tracking for the past 2 sessions and vwap of Oct expiry sits at 8111 also after the close of the session. Most people treat vwap as a number ignorant of the function it has. For us at Vtrender, the vwap curve- declining or […]
Levels and Plan for 29th Oct
Tom is expiry day and the auction will be dictated by the response of the 8200 put writers early in the session. Profile wise we saw a DD today after the neutral center yesterday. Though the auction has been slowish, the seller has the upper hand and we wait out the establishment of a balance […]
Levels and Plan for 28th Oct
The Nifty stayed below the composite POC of last week of 8260 levels and moved to 8217, the low of last week. After the b shaped long liquidation profile of yesterday, we got a neutral center today and should support of 8220 be violated tomorrow, the risk of 8155 spot and 8111 is high. Upside […]