Hi All. I am a new member to this Forum and this is my first posting.
Interested in trading NF with VSA. My observations are as follows:
- Nifty Future is in uptrend
- On 13th May, the down movement (with huge spread and good volume) was actually shrugging off weak holders since that effort to mark prices down failed. No lower prices on 14th May
- On 15th May, again another effort to mark prices up with huge spread and volume.
- On 16th May, the effort made on 15th was still in place since NF closed above 15th close
- Finally, on 17th May - a very successful Test of Supply. After an effort to mark the prices up, if we see a successful Test of Supply, then it is very bullish.
Seniors interactions are welcome on this VSA observation.
Interested in trading NF with VSA. My observations are as follows:
- Nifty Future is in uptrend
- On 13th May, the down movement (with huge spread and good volume) was actually shrugging off weak holders since that effort to mark prices down failed. No lower prices on 14th May
- On 15th May, again another effort to mark prices up with huge spread and volume.
- On 16th May, the effort made on 15th was still in place since NF closed above 15th close
- Finally, on 17th May - a very successful Test of Supply. After an effort to mark the prices up, if we see a successful Test of Supply, then it is very bullish.
Seniors interactions are welcome on this VSA observation.