Trading Room Plan for 23rd April
The NF and the BNF stayed in the upper end 0f yesterday’s price move and mainly above yesterday’s vwap. The resulting consolidation was a normal distribution and a bell shaped curve one day ahead of the expiry event. It was also technically an inside day kind of move though not theoretically one on […]
Update – 22nd April
It’s expiry week and another holiday shortened one. When we looked at the April series in our last post dated 6th April we spoke about a range bound series of April : http://vtrender.com/premium/weekly-update-7th-april-to-11th-april/ Not much has changed since then and the 2 weekly friday closes have been less than 5 points out. Nifty […]
Trading Room Plan 17th April
The NF finished a DD day and the BNF trended lower after a good start to finish at the lows. The profiles continue to show value being created lower even as the UP auction is stalled as it is not functioning above VAH of the previous session. The DD in NF took […]
Trading Room Plan for Wed 16th April
The markets trended lower since the open in an OPen Drive which meant that sellers were beginning to take an upper hand in the market and the prevailing auction. In yesterday’s post we spoke about 6800 and 12900 being key levels for the trend to continue upwards. Today’s excess near the OPEN shows […]
Trading Room Plan 15th April’14
The markets traded below the balance area of thursday and the value lows but did not show a lot of momentum or new sellers below the Open price of Friday. The result left the markets as another 3-1-3 with minor excess at the extremes of the session as OTF stayed away after the gap […]
Trading room plan 11th April
The markets finished the big imbalance seen yesterday and traded back in balance. Within this balance seen today there was a spike into the closing minutes of the session as the market went from the highs of the day to the lows. the NF profile chart shows the break from the old […]
Trading Room Plan for 10th April 2014
The markets trended strongly in the second half of the session after a very quiet IB and Morning half. The profile chart above is a b shape which tells us that the move of the day was based on short covering and sellers did not come in the closing minutes as the session finished […]
Trading Room Plan for 9th April’14
The NF broke down from previous balance created on friday on bigger volumes than the past 4 sessions but had the customary rise in the close in the last hour The BNF finished inside again yesterday within the range created on friday. The chart below shows sellers taking control early in the day. […]
Weekly Update- 7th April to 11th April
In Last week’s post (http://vtrender.com/premium/nifty-weekly-update-31st-march-to-4th-april/) we spoke about the strong UP auction and the fact that it was trading above the last series vwap then identified at 6474 and 11860. We were also looking for signs of reversal or a pause to the upauction. First let’s look at how the series is developing […]
Trading Room Plan for 4th April
Today’s day in NF and BNF marked a significant departure from the prevalent up auction on 14% higher volumes in Nifty. Even though there was the usual sharp move noticed in the last hour of the day, the broader trend is shifting to down. The Profile chart of the NF shows a rejection […]