My Observation: Abt Myself

chintan786

chintan786

Well-Known Member
#411
#411
chintan786 said:
we have weak buyer at day low which stopped the fall for time being. Let's see where it can take us.
If we back at today's low then this is going to be 3rd in a row when large Lot Trader not able to stop the fall.
Click to expand...
Given Buyer will be OTF Player, if we hit 10575 again. Why:

1. Allowed NF to break yesterday low to trap retail.
2. Done VWAP Test at 10568
3. Showed up again at same level 10524...

Will strongly recommend to cover shrts.. IVs are not supporting PEs much today.

Against Abv OTF Player:

1. Seller showed up at 10566 and gave good thrashing. but if 10580 gone, it will add to upside Momentum.
 
chintan786

chintan786

Well-Known Member
#412
#412
chintan786 said:
Given Buyer will be OTF Player, if we hit 10575 again. Why:

1. Allowed NF to break yesterday low to trap retail.
2. Done VWAP Test at 10568
3. Showed up again at same level 10524...

Will strongly recommend to cover shrts.. IVs are not supporting PEs much today.

Against Abv OTF Player:

1. Seller showed up at 10566 and gave good thrashing. but if 10580 gone, it will add to upside Momentum.
Click to expand...
NF 10562 now. Last time OTF Player showed up at 10650... NF rallied till 10800 without much fuss
writing for myself to hold the longs and remain biased
 
chintan786

chintan786

Well-Known Member
#415
#415
Levels to watch out: upside
Abv 10560 - 10580 we might see 10620. Easy
Below 10515.. anything is possible
 
chintan786

chintan786

Well-Known Member
#416
#416
End of Day Summary
Nf closed between Between buyer and Seller and both are still in the system.
1. OTF buyer Don't have commitment issues. Showed up twice when needed. and Manage to Close abv. daily VWAP.

2. Seller is price sensitive and Like to guard 10557-10566 area. This also showed up twice but not able close below daily VWAP.
it managed Lower High and Lower Low. So classical TA still call him winner.

OverALL till 10500 is holding go long in 10525-10500 area with Target 10600. 10530-10560 is range bound area and nf is spending time there for it's next move.
 
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