Trade Plan 9 - 6 - 2011

Neutral Day with no directional conviction. The bracket extremes are the important reference points. Opportunities exist when NIFTY breakout of last session's Range. Look for acceptance or rejection at High/Low. If market trades out of balance, then the market extremes becomes important reference points. Open today is important, if opens out of balance, then good opportunities may emerge

1. Open within VA and tests High. Watch for acceptance/Rejection.
2. Open within VA and test of Low. Watch for acceptance/Rejection.

Trade Plan 08-06-2011

Good trade facilitation on the upside, volume was somewhat ok. Profile structure shows an initiative buying tail. The anomaly at 5534 may be revisited. On the upside there is VPOC at 5590. On 6/3, NIFTY formed an excess at 5608.5 which is an important reference point on the upside.

 NIFTY traded back through the single prints separating 6/3 double distribution. This opens the possibility of testing the excess created on that day.

1. Opens within VA and revisits the anomaly at 5534 and bounces from there.
2. Opens within VA and comes down to the tail and get rejected.
3. Opens Above VA and fails to auction above yesterdays high
4. Rejection from VPOC
5. Failure to auction above the excess

These are some of the scenario that may develop today.