January 22, 2013

Nifty Future 22-1-2013

Nifty Future Market Profile Chart


As it was discussed in previous post about Balance Profile,NF made move out of that balance area to upside.

About  morning Open Short Trade NF made lows near 6070, level mentioned to watch on downside was 6068 :), Half qty was booked @ 6076, rest scratched.
In afternoon session there was move on upside away from balance, closed out of VA.



Things to watch out tomorrow :This is foot print Chart. After Breakout on upside there were consistent algos @ 6096-98 level n that's exactly where NF closed.
So watch out Open , if that print holds out Market is in bulls hand, one can try longs with 6084 as Stop.
If 6096-94 Breaks ,  NF will be back into previous balance proving this to be fake Breakout.



If any queries about charts n explanation, Let me know in comments section.

Happy Trading. :) 

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