Levels and Plan for 05th Aug
The RBI day was action packed but little changed at the close. We saw further evidence of dip buyers in this market, but for now the seller at the highs seems to be holding up well. From yesterday’s post – “The failed auction at 8451 Aug F was revisited on 30/07 and will now function as a […]
Levels and Plan for 04th Aug
The day after the trend day was a quite 40 point range in the Nifty and a 235 point upmove in the BNF all of which was done in the first hour.
Levels and Plan for 03rd Aug
The first day of the series was different to the expiry day and again the series vwap point played a role in projecting the index upwards to 8579 F by close.It was a 100 Point rise with OTF presence and a range extension.
Levels and Plan for 31st July
The Nifty saw a cutoff in intra day momentum at 8455 near the series vwap of July. The Buyers from 8321 spot are facing off with the sellers from earlier in the week at this vwap and the auction could be subdued for the session tomorrow which happens to be the week and month close. […]
Levels and Plan for 30th July
We had an inside day and another balanced profile in the markets. It points to an explosive move on expiry day in the indices and one which should do over a 100 points in NF. At this point the probability of the NF visiting 8436 F above or 8280 F below are almost equal.
Levels and Plan for 29th July
We had a balanced profile and a gaussian distribution today after the trend day yesterday. Buyers were seen climbing back into the auction after staying away all day yesterday.
Levels and Plan for 28th July
A triple distribution down day took the NF very early in the IB below weekly supports and forced it down to session lows as sellers took full control of the auction today. At the close the NF was down 140 points and the BNF 385 on day .The auction remained unfinished at close with the […]
Levels and Plan for 27th July
The NF auctioned below VAL all day and went southwards by the close to revisit the weekly lows and close down for the week at the lows. Once again the auction was a spike and we wait out the market open on Monday to confirm or deny.However EOD data at the close did not point […]
Levels and Plan for 24th July
The Buyers seen yesterday lost an opportunity to close the door on bears today and even BNF was seen losing that edge of positivity it showed yesterday. Responsive sellers were seen quickly coming back to reclaim the 8640 + handle. Nifty July F : Background / Previous Auctions : Weekly levels […]
Levels and Plan for 23rd July
The NF and BNF opened up softly just below spike lows but once they entered spike lows the spike rules took over and further propelled the Nifty index in particular beyond the highs seen this week.