Monday, January 3, 2011

NIFTY FUTURE


Here is Market profile chart of Nifty fut.some points to note are small Initial Balance, NF rotated  with in small range. Range extension happened on down side and last two periods market saw some weakness.
Opening type = open auction
Day type= Normal variation day ..generally RE=IB X 2 which got hit.

Notes for tomorrow,
1)Single prints @ high,
2) Higher VA developed today  but closed within previous days range.
This information at hand  suggesting that may be NF entered stage 2..so rotational market is expected.Will update after tomorrows Open.

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