daily trade plan
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) […]