We have finished two more days since our last update on the Nifty
Whilst analysts have been busy alternating between buying and selling the market for the past 100 points, we have preferred to track the net difference between buyers and sellers for this week, which was neutral along with price two days back.
Here is an updated chart to the one that was posted two days back :
Yesterday’s move down in the Nifty was not majorly supported on huge sell volumes, but effectively the sellers are more in control as the week has shown.
The reading at the close for the past four days is slightly lesser than the preceding four days of delta.
Overall the market is still confined within the green line and the red line as shown.
A break of either level this week will point to the presence of new selling/ buying activity this week.
We will continue to track the movement of delta real time in our trading room.
