The VA overlapped in the last session. It may be the stopping phase and beginning of bracketing. Responsive selling above previous VA and initiative range extension to the lower side indicates presence of other time frame sellers.
In the next picture, last two profiles are merged. See the balance forming. If nifty trades back into Balance area today, expect a bracketing phase. However acceptance below VA may lead to another vertical down move.
Some trade Plans
Some trade Plans
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