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

Day's Game Plan

What happened?

# Bounced from 6015 to 6080.
# Upswing with low conviction.
# Range extended upside.
# Value overlapped.
# Double distribution Higher side.

What likely?

# 6100/6108 zone likely to resist price.
# Upside capped.
# 6031 level to be revisited.
# Big swing.
# 6065 pivot for the day.
# 6039 bigger time frame support.

Pre Open Take:

Short nf near 6095 with stop loss 6110 look for 6065 & 6031 . If price doesn't visit 6095 levels one can short below 6060 with 6070 stop for 6031 target.

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Happy trading !!!

Jay

Day's Game Plan

What happened?

# Balanced market
# Just played the range 6010 - 6070
# Range extended Downside not much like before.
# Value migration lower.
# Edge of Bigger range.
# Long liquidation with conviction.


What likely?

# Fear going to rise at highs.
# Bounce likely if yesterday's low holds & will be used to liquidate Long's
# Positional swing of 400 points possible from current level (6400 or 5600).
# Low volatile Friday.
# 6039 likely to play important role today.

Pre Open Take :

Try Long around 6040 with strict sl 6025 look for 6070/77 to close the same .

Happy trading !!

Regards

Jay

Day's Game Plan

The Day's Game Plan

What happened?

# Struggled to cross 6078 took price to previous balanced zone 6035/29.
# Wild Swing bringing price back to 6078 from 6035/29 Bzone.
# Closed @ 6077 near strong ref level 6078.
# Range Extension Downside.
# Selling without conviction.
# Value Migration Lower


What Likely?

# Most of the Day's move could over in first few hours.
# Price might stay in Initial Range Most of the day.
# 6078 Confluence zone likely to resist price, above that shorts scream to cover.
# 6100 level many proposals waiting could visit there anytime.

Key Reference Levels :

6078/6066 #VP

6078/6065 #CVN

Pre Open Take :

Enter Shorts near 6074 sl  6080  look for 6058/48 to cover the same.

Note: Open trades are trades which need to be taken if price opens near the level mentioned above. If price Opens way above/below give some time for price to show some clue then trade the same if it proves.

For Live takes on Index Follow me @ www.twitter.com/niftywizard .

Happy trading !!

Regards

Jay

Day's Game Plan

Game Plan follows ...

What happened ?

# Bears made a comeback, is that solid enough ? nope . Final minute selling without conviction.
# No value Migration Downside.
# 6055 gave a splendid support with quick price rejection.
# Good range extension towards downside.
# Value still maintaining upside.

What likely ?

# Bulls could eye for 6103 on futures
# 6040 level wont be breached so ease
# Initial resistance @ 6078
# Nifty likely to distribute in 6078 - 6103 zone for the day.
# Fail to cross 6078 will make trade in tight zone 6050 - 6080
# Higher chance for price to probe higher.
# Wild swings.

Pre Open Take :

Aggressive longs near 6070 Stop @ 6040 look for 6100/6108 #Opentrade

Key Reference Level :

6078/ 6092 #VP

6079/6071 #CVN

Happy trading !!

Regards

Jay

Hi people . How are you ? ' M ' back

hello everyone ,

Its been nearly 2 years myself blogged here. Just thinking to start blogging again after few request. Just  will  post Nifty game plan for the day same like before. Don't trade without stoploss. will try to keep the plan as simple as that.

The Day's Gameplan:

What happend ?

# Last 2 days nifty moving without conviction higher side.
# Higher Initial Range
# Balanced

What Likely ?

# Distribute in the zone 6089 - 6109 for the morning session.
# Later it could move above 6109 or below 6089 afternoon session
# Below 6089 have higher chance.
# 6055 is a level where many proposals waiting , could visit anytime there.
# 6074 Longs will go crazy covering.
# 6082 Day's support

Pre Open Take :

Try Long close near 6094 with sl below 6088 and look for yesterday's high for quick gains @ open. #opentrade

Key Reference Level :

6094 / 6082 / 6074 #VP
6069 / 6080 #CVN

*All levels on future

Happy Trading !!

Regards

Jay