Thursday, April 8, 2010

Trend day




larger value areas for tomorrow will give good trade facilitation.

Seller has been in control all day today and kept price below VAL.

The open tomorrow will be crucial.

5 comments:

arvindkering said...

Dear Viren,
Excellent information on your blog. I wish you could mention the VAL, POC and VAH values of Bank Nifty and Nifty on your blog. I hope I am not asking for too much. This is just a suggestion for small traders like me.
Regards.
Arvind

Viren said...

Arvindkering,

The purple horizontal lines in the chart are the VAH and the VAL.The yellow line is the POC.

Shai said...

Advantage Buyer?

You are one day early nowadays my friend.:)

Please come back to your old good self and become 'timely' for all of us.. :) :)

You called it last night.God Bless

Viren said...

Shai,

I had a lot of egg on my face after the post yesterday, which even you seemed to disprove of.

Just happy to be back and getting to understand the message of the market :)

Thanks.

Viren said...

Still looking at 5399.

Will evaluate there if further upmove is possible.