Another bracketing phase is going on. Yesterday's profile was in good balance. Value is accepted near the bracket low. Will the bracket hold or nifty break down from the bracket. Well, I don't know. Assuming the bracket holds, there exists good asymmetric buying opportunity around yesterday's VA. Also there is another asymmetric opportunity at VH for a short.
The region marked by blue lines is a good location for responsive buying and the yellow region is for responsive selling. The red lines around a green line represents a balance area where green line is the POC.
The region marked by blue lines is a good location for responsive buying and the yellow region is for responsive selling. The red lines around a green line represents a balance area where green line is the POC.
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