Double Inside Day

Range is getting narrower, leaving us with double inside day or as some people call it Dynamite Pattern.Move on either side will be rewarding, till then its rotating markets, where one should be looking at Responsive Trades.
Tomorrow is Expiry day and on 28 its Budget, so because of this event there is nervousness in markets.
Creating strategies for Budget.. whether Budget will be non event for markets or will be major event ??
Have a look @ March Options Table

No major clues from that too , indicating same range NF trading in now.
However Open interest in Puts is more than calls , 5400 PE has maximum OI in all strikes, which is nearly 21lks higher than maximum OI from Calls i.e. 5500 CE. So is it pointing on Rally after Budget ??

Failed Auction ?

Did NF saw Failed Auction on downside on Friday ??
Whats Failed Auction= Its Single Prints at one end of Profile after Initial Balance but then Range Extension at the opposite end.
As its visible on chart, NF had Failed Auction in "F" Period and Range Extension on opposite side in "I" Period.
If market holds failed Auction Price, NF can head for some good UP move or at least  some rotation.
(I understood this Failed Auction Term from Barros Blog.. )
Here i would like to share what he mentioned about Failed Auction :-
"Market Profile Theory suggests we ought to see a Failed Auction’s price within 5-trading days. The fact that we did not, will suggest that the market has more Upside." ( which is honestly very New to me )

Now im curious to see Action Near Previous Failed Auction on Upside on 7th Feb "K" Period i.e.5445 ( 14th Feb will be 5th day ) :)

All Comments are welcome .

Divis Lab

Stock looks positive, can enter with stop of 643..Trgt 665-680.

Freefall in Markets !!

Nifty Fut Chart with Open interest and VIX..all notes on chart.
and here is Nifty Options table...Hugh addition  of Oi and with increase in volume @ 5300 calls and on Puts  5200 seeing lot of action.

Head n Shoulder Pattern

Head n shoulder  Pattern visible on Daily charts of Nifty Future, on 28th Jan Neckline got broken on downside.Neckline  stands @ 5575 ,so  below that its down side only ..targeting 5090. To negate this pattern NF needs move above 5575..