White line is 10 EMA; Red is 20 EMA; Blue is VWAP.

Note how Calls have struggled to even cross 10 EMA. If they crossed on a rare occasion, we see sharp rejection. On the other hand, PEs have stayed above 20 EMA

BNF 07 May

BNF once again opened approximately 200 points above the previous day's close, swiftly climbing past the 49200 mark. However, encountering the anticipated strong resistance at this level, it experienced a sharp reversal. Despite attempting to breach the 49200 level during the D period, sellers were prepared, leading to a continued downward trend until the final hour, ultimately closing at the previous day's point of control (POC) and today's POC. Throughout this movement, the value area, VPOC, and TPOC remained relatively unchanged.

Analyzing the weekly profile, we observe that 49240 serves as the previous POC, forming a significant resistance zone. Conversely, the region between 48600 and 48500 represents the singles (trapped shorts) and the value area high (VAH) from the previous week, providing a strong support zone. Considering these two zones, it's plausible that BNF may rotate within the broad range of 49350 to 48600, filling out the bell-shaped profile marked in orange before initiating an imbalance move.

For tomorrow, the range and potential rotating zones remain consistent with those mentioned yesterday. While any movement below 48500 looks difficult at this moment, however, an open below 48600 and sustained movement below 48500 could prompt exploration of daily value areas from April 25th and 26th, with support levels around 48250 and 48000.

On the upside, any open and sustained movement above 48800 would likely encounter initial resistance at 49200, followed by 49500 levels. With SBI results scheduled for Thursday, interesting positioning in SBI during the second half of trading may occur, influencing overall market dynamics.

Nifty

Same with BNF

Execution

Execution

5%+ Active and up

JINDRILL
sl 20sma below one close
It will be fly soon

Today again CE not able to cross 10 EMA and PE finding support at 10 EMA. This cross over gives an indication for change in direction

10 EMA: White
20 EMA: Red
VWAP: Blue

BNF Very interesting positioning. 48350 has F, G, and H highs together—creating a ledge. This suggests that short term players are shorting here.
On the other hand we have poor low below a key support region!

Lets see which was it is gonna move!