Great example of 'Look below and fail'.
Price dipped below PD high and then zoomed up!

Investing Setup for atleast 20% ,,,, JCHAC Strong Above 1319

Short term investment LUXIND Strong Above 1620

ShortTerm Investment SUNTV Strong Avove 681.20

SOLARAIND Strong Above 9098.95

#Banknifty jab tk 48300 spot SZ ke upr closing nhi

Tb tk momentum nhi proper

We have a Gap and Imbalance both in Bnf

PRIME SECURITY

high momentum can be seen in some days ...

BB BLAST already

Sl 5sma below one close

Intraday Setup Metropolis Strong Above 1871

Might get a down spike to clear the ledge at 48100 (S)

This is cleared. But the spike was not sharp; but, slow and grinding down, indicating the trapped shorts in this region who cover as soon as the price dips, thus providing support. Observing for this tantalizing battle!

This as the spike was waiting for! Since it breached open (but bounced) waiting to see if day's low is taken out.

Seems fraud , thanks all for your urgent help

BNF prognosis 22nd May

BNF displayed notable bullish aggression despite opening below the previous day's close. The index surged initially, clearing the previous day's poor high and the significant 48200 level. However, sellers in this zone quickly countered, pushing the price down during the C period, which pierced the 48000 level. Responsive buying emerged, leading to OTF up movement that cleared the day's high. Nonetheless, sellers struck back again, leading to a downward movement, with the price closing near the day's low.

This rotation resulted in the development of a Prominent Point of Control (POC) near the previous day's PPOC (48100 - 48150 levels). The value area overlapped with the previous day's value area, with TPOC and VPOC inching up, leaving poor highs and lows. This indicates the presence and dominance of local short-term players trading at visual references.

Given that throughout the day value developed higher but the price closed below the value area low, it is essential to observe price acceptance at these levels. The back-to-back PPOCs at 48100 - 48150 suggest this zone will likely act as a strong support/resistance area depending on where the price opens tomorrow.

An open and sustained move below 48100 could lead to clearing the poor low at 47950. Further continuation below this level might then clear the AB poor low at 47760, and then challenge the 47500 levels.
Conversely, an open above 48150 could clear the poor high at 48250-260 levels, with subsequent targets at 48350 and 48500.

With the weekly expiry tomorrow, be prepared for potential volatility.

Crude: 21 May

Crude: the value over the last three days (16th, 17th and 20th) developed higher, with VPOC and TPOC migrating higher. With singles from 15th May ranging from 77.56 - 77.2, it will be interesting to see how the trapped shorts are gonna react. Will they square off, thus buying and providing support, or step aside, let the sellers compete and price come down! At the same time, in the Overnight session, we have a super poor high and inventory is ~90%. Often we see counter auction in such a case.

Interesting day ahead for Crude

ES 21 May

ES ON has value area overlapping to the PD VA. ON Inventory is half and half means, half of it is above PD close and half below, with a near D distribution. RIght before open we had long liquidation and then responsive buying tail indicating buying support at 5322 levels. 5318 remains critical for any downmove.

On the ON high we have a poor high. Any move above 5232 can see towards 5236 and then to 5344 - 5350 levels

4.46% up 9499,,, its still open trade , we will buy tommorow again above 9507.25