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Nagpur, Maharashtra, India
Posts: 29 since Oct 2015
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Nifty too has a deep VAP profile developing at current levels, but it does not look as symmetric as BNF profile.
But we still have a thick center developing on Nifty.
We had a value developing lower than yesterdays, with value being pulled to price.
This means we are not yet done with the down move, ad are still in search of strong buyers.
We have a big distribution maturing on BNF, as is evident from the VAP overlay on the right.
Once this is done, we might get a new auction starting, the direction of which is not clear yet.
Yesterdays upper distribution was rejected totally, and value was pulled to price. This is a bearish development.
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