Nifty Swing & Intra Trades

Had a look on the chart during coffee break and

Sharing one observation:

ever since I had VWAP on my chart I am finding this pattern recurring. If on lower timeframe (3 mins), ST crosses over VWAP (regardless of primary trend, but if in the same direction, higher probability) and you see a big contrast on Buyer and Sellers, the closing session will be a violent one.

As of now ST is in green and above VWAP on NF Dec Future + (against primary bias which is bad) + But too many sellers compared to Buyer (almost 2:1) as per the current stat' around 12:05 pm.

If this status remains as is (that ST does not go below VWAP till 2:30 pm), most of the sellers will run for the cover, taking the price much higher.

As usual - enjoying my time off from the market, but will watch the post 2-30 session to check if this holds good.

And one more thing to watch - the support (highlighted on green at spot level ) on the weekly Pivot, check earlier posts on this thread. As long as that holds good, chances of short-term pullback is good (in fact even I am waiting for that). Market appears to be bouncing perfectly from those level.

Had a look on the chart during coffee break and

Sharing one observation:

ever since I had VWAP on my chart I am finding this pattern recurring. If on lower timeframe (3 mins), ST crosses over VWAP (regardless of primary trend, but if in the same direction, higher probability) and you see a big contrast on Buyer and Sellers, the closing session will be a violent one.

As of now ST is in green and above VWAP on NF Dec Future + (against primary bias which is bad) + But too many sellers compared to Buyer (almost 2:1) as per the current stat' around 12:05 pm.

If this status remains as is (that ST does not go below VWAP till 2:30 pm), most of the sellers will run for the cover, taking the price much higher.

As usual - enjoying my time off from the market, but will watch the post 2-30 session to check if this holds good.

And one more thing to watch - the support (highlighted on green at spot level ) on the weekly Pivot, check earlier posts on this thread. As long as that holds good, chances of short-term pullback is good (in fact even I am waiting for that). Market appears to be bouncing perfectly from those level.

Same thing happened today at 11:48 @ NF 8069 approx. STI above VWAP and Sellers:Buyers almost 2.5 : 1. If this setup plays well, we gonna another Long only session from 2:30 pm session. Let see.

Already up 20 odd points since the crossover.

Immediate Support near WEMA 8035, resistance will be 8100 (BRN) and then 8140. Let see how it plays.

I am on the sideline.

Merciless Bears !! Till Expiry?

Why? Are we seeing a long rejection wick on Nifty Spot Chart from 20 DEMA on Daily Chart ==> Fool's system

Radio Silence.

Had a look on the chart during coffee break and

Sharing one observation:

.....
As long as that holds good, chances of short-term pullback is good (in fact even I am waiting for that).......

Maja aya? Got this as a no-brainer trade +52 points (Shorted at 8080, on failure of BRN 8100 + Fool's system trigger on daily chart ). Thought about no more trading this year, but this was a stupid giveaway.

Considering this as a little gift from Santa Clause, have been watching the jumping bulls since last 2 days.




Booked 50% position. For rest, Radio Silence continues.

This was posted around 12:05 pm when Spot was around 7945, and now rallied about 50 odd points.

This is more than 15th time I am noticing this pattern unfolding, mostly against day bias (catching the majority of traders on the wrong foot).

This might be taken to my test lab for further investigation on 2017 to check if I can build a system out this for Contra trading. Shall keep you posted.

The Key is:

ST crossing over VWAP + Majority of traders (as per order spread) against the ST + if this is happening around a major support zone (Weekly Pivot/ Cross Month D Fractal etc).

Already Sellers > 2 X Buyers. Entry for a extremely bullish might come one STI crosses VWAP at 3 mins TF, with a SL at NF (Jan) 8130.



Let see if this is plays well today.