Nifty/ BN Weekly View (spot) for 28 Sept- 01 Oct’15
Last week we waited for a dip using 7780 spot as a reference point. On the trend day of Tuesday, the market stopped at 7780 at the close. However, Wednesday’s gap down failed to show sellers below 7780 leading to a 100 point rise to 7883 the same session. However with a series settlement, the […]
Nifty/ BN Weekly View (spot) for 21 Sept- 24 Sept’15
In the expiry week to come, September series vwap of 7818 spot and the failed auction point of 7850 F serve as a huge buying support and a good chance for OrderFlow sellers stuck from 7850- 7900 levels pre-FED to cover. Last week’s auction was positive with buyers controlling the auction and keeping it above […]
Nifty/ BN Weekly View (spot) for 07 Sept- 11 Sept’15
Higher OTF of the multi Month kind we spoke about last week dropped the Nifty to 7655 the lowest of 2015 . July 2014 vwap of 7640 shows 13 months of gains wiped out even as the indices ( Nifty and BankNifty ) are trading close to 2014 POC (charts below) . Multi week charts […]
Nifty/ BN Weekly View (spot) for 31Aug- 04 Sept’15
Last week higher OTF of the multi month kind came at Monday’s open forcing the index lower below the 7950 spot support we had mentioned as support which in itself was a catalyst to shave off 300 points off the index in hours as we hit 7667 in tuesday’s trade. However the index managed to […]
Nifty/ BN Weekly View (spot) for 24 Aug- 28 Aug’15
On Thursday the NF broke away from a multi session balance as well as the weekly support of 8420 and July series Vwap of 8446 creating a huge imbalance which as we pointed out in our Friday 21st Aug update “had the potential to visit 8150 levels”.
Nifty/ BN Weekly View (spot) for 17 Aug- 21 Aug’15
The Nifty tested 8621 on Monday’s open and found sellers who took it almost 300 points lower to 8337 when the MO hit oversold readings of -57 and -71 suggesting risk was increasing for sellers. That produced a 150 point rally on friday to reduce weekly losses. The weekly once again closed over the series […]
Nifty/ BN Weekly View (spot) for 10 Aug- 14 Aug’15
We have been speaking about knowing the series vwap for quite some time on our blog and once more the importance of our methods was highlighted in a volatile RBI day trade when the Nifty came and touched the series vwap of July at 8448 and bounced higher to close the week near 8564. We […]
Nifty/ BN Weekly View (spot) for 03 Aug- 07 Aug’15
Last week’s expiry trade was near the series vwap and the 1st day of the August series saw a 100 point move above this vwap placed at 8446 spot. The dip below 8450 spot early Monday morning saw the buyers from 8320 supporting the index on dips. We are now back to a positive outlook […]
Nifty/ BN Weekly View (spot) for 27 July- 31 July’15
Auction Market Theory is all about the migration of value relative to price of yesterday, last week, last month or even last year or the decade if you please. The charts which will post of the weekly and the monthly Nifty below will show value moving up and hence our bias of last week remains […]
Nifty/ BN Weekly View (spot) for 20 July- 24 July’15
In the weeks of 06-10July and 13th- 17th July we had placed a pivot at 8370. Our OrderFlow tools did not pick up huge selling interest below this number and on Monday of the week gone by the bulls seized the initiative by climbing above weekly VAH on monday itself and hitting the 200 point […]