Overall Positions FIIs have reduced their long exposure in index futures by 50%. Retail were involved in buying call options which have been supplied mostly by the Pro’s. Nifty Futures – 14734 is the important level to watch out. Bank Nifty Futures– 35343 is the important level to watch out.
Overall Position changes. The critical points here is FII’s are holding 64k longs at the start of the series which is on higher side but nothing concrete can be concluded from this so our focus should be on the data from the tool where this OI is added. From the data of futures addition not […]
IB Action : NIFTY opened above VA of the previous 3 days indicating an intent by the bulls to drive it up and we did see a drive towards the supply zone mentioned yesterday which is the single prints from 28/10. By the end of IB we were near the supply zone left with a […]
IB Action: BANKNIFTY has opened outside yesterday’s range indicating an intent from new business and during the IB it tried to tag POC of 29/10 through a drive down but it failed to do so which indicated underlying strength from buyers and by the end of IB the buyers managed to negate the drive down […]
IB Action : NIFTY opened within YVA around the POC of 29/10 i.e. 11675-11680 yet again and had a drive down which stalled exactly at VAL of 30/10, The IB has ended within the previous day’s Value area indicating no interest or new business at the opening hour. Also the activity in options was suggesting […]
In this post we detail the trading setup/plan for June 24th 2020 based on the market structure and activity on 23rd June 2020. Market Profile Activity: Value Shift : Higher POC shift : Higher 10404 Value Area : 10434-10404-10349 Open : within previous VA Open auction : OAIR Day type : Normal variation (Trend continuation) […]