Nifty Future is moving in tight range of 6000-6100 for nearly two weeks.
As per Volume Profile charts, for 3 days Value was developing lower.
On Friday Value area was overlapping higher, with buying prints developed @ 6024 on 23rd Jan and 6028 on 24th Jan.
So bias is now mildly bullish.
Open drive above 6080, can take NF to 6100-6110.
And if it opens back in upper balance zone, below 6075-71, can go down again to 6040.
Lets see how it opens in relation to Friday close.
Important Ref levels for Monday is 6061, its crucial level to keep bias positive.
Major Trigger for market now is RBI policy on Tue 29/1/2013. So may be break out of this zone will happen after news.
As per Volume Profile charts, for 3 days Value was developing lower.
On Friday Value area was overlapping higher, with buying prints developed @ 6024 on 23rd Jan and 6028 on 24th Jan.
So bias is now mildly bullish.
Open drive above 6080, can take NF to 6100-6110.
And if it opens back in upper balance zone, below 6075-71, can go down again to 6040.
Lets see how it opens in relation to Friday close.
Important Ref levels for Monday is 6061, its crucial level to keep bias positive.
Major Trigger for market now is RBI policy on Tue 29/1/2013. So may be break out of this zone will happen after news.
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