Trading Plan 27th March

Tomorrow is expiry day.

Going by the performance of the last few series the morning has been quiet upto 2pm and a big move has come between 2.30- 3.15 pm.

 

If you are trading tomorrow then remember that patience is a virtue which makes an average trader an excellent one.

 

It does not make sense to have a plan for tomorrow but let’s look at what happened today to watch for continuation or otherwise.

 

Bnf_Mar_Compo

 

The Banknifty had a normal distribution and another normal day though the technical definition would make it a neutral day.

We operated within IB and probes at both end were not successful for the second day running.

 

There is a bit of selling still noted above 12570 +

 

Day vwap comes at 12551 and longs will be comfortable above that number even if there is supply overhead

Mar__Nf_Compo

 

The NF had a normal variation day.

 

6620 is the vwap of the day and we go back to longs above 6620 tomorrow for 6640/ 6668/ 6697.

 

weakness comes below 6581 March f only.