trend 21/12/11

Here is the updated chart to the one which ws posted this morning

Nifty Mp5 Trend 21/12/11

One of the basic rules of market profile state that if a markets stays above Value area high, it implies that buyers are in control of the day’s action.

4617 which was the value we were tracking was never really broken though it was tested several times.

In the ends, the shorts were forced to cover, as nervousness on global greens prevailed

The OrderFlow was a buy since 9.15 am and the trend is in the chart below.

Em Nf 112 Trend 21/12/11

.