Nifty View from Market profile perspective

#nf just formed a " b " shape profile yesterday . It just kissed previous VPOC and swiftly rejected from there where price auctioned till last 2 day upper balance and auctioning back below that 2 day balance zone and closed below it. Now the rejection from both side suggest both bulls & bears making some tough fight is this zone . For bulls its the previous Vpoc support @ 5943 & " b " shape profile & For bears its the two day balance high & below previous Vpoc 5943 . Either one goes one can expect a good move. We have two Vpoc's right now on upside around 6042 & 6067 if 5943 doesnt breaks one can expect price visiting those levels.


Happy trading !!

Regards

Jay

Nifty Mapped Move for RBI event

#Nifty Mapped moves for #rbi event . Looking for Move 'B' personally. #Justaview

Happy Trading !!

Regards

Jay

Day's Game Plan

what happened?

# 6065 gave support.
# Failed to test 6100 VPOC.
# Upswings without conviction.
# Range extended both sides.
# Closed near open.
# Balanced.

What likely?

# Area of interest 6095 /  6059 .
# Both side swings .
# Closing @ extreme.
# 6039 price likely to get support.
# Price likely to be resisted 6100/09.
# Both 6031 & 6100 VPOC likely to be tested

Pre Open Take:

Short #nf  near 6090 with strict sl of 6099 look for 6060 to cover.

Follow me @niftywizard

Happy Trading !!!

Regards

Jay