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#Text Book case of Timeframe Sliding

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#Nifty balancing below 50 DMA

OTF have completely disregarded the 50 DMA. Looks like there is no buying support at that level.

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#Nifty settles below the previous range in a lackluster trade

  • This could ultimately lead to the test of current session’s lows at 9925.

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#Nifty trades below VAL

  • Apparently Nifty is headed towards a Neutral/Normal day after registering an Open Auction Inside Range Outside value during the opening session
  • The above statement is valid as long as 9973 Cash Level is not breached.

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#Nifty50: Selling pressure seems to have subsided

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#Nifty50: Balancing about very short term EMAs of lows

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#Nifty50: #Balancing below the previous value area

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Not even making an attempt to test the value area from the second half of yesterday. Though a ledge like pattern appears to have formed around 9037. The balance of the second half would provide further clues.