Perspective : A inside day in NF July with a distribution which ended in a bell shaped curve with a prominent POC.
A inside day is generally crated when longer time frame players are not very active in the market and the trading is dominated by short term day time frame players.On such days value gets defined very clearly and generally the next one or two sessions can create big movements as longer time frame players enter the market depending on how they see the value developed.
Back Ground : We spoke about the single prints at 5687-5702 resisting up moves. The day high was seen at 5690.
Chart Speak :
1) An inside day with distribution in the upper incomplete distribution from friday
2) Monday's profile shows a prominent POC at 5666
3) The 4 day profile is balancing now in the region between 5615 and 5714 which was a low volume zone in the previous down move.
4) Today's trade can be between 5682 and 5639 with an easy 20 points if one of the level breaks.
The above post is for purpose of education only. Similar charts are posted for the BN, LT, RIL, ICICI, TTM, SBIN everyday on our premium website http://www.vtrender-2.com/
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