T1 done☘

Both targets done🙏

Can go long but with little qty

Inox wind
Intra

Above orange🤞

Delta Corp
🛝🛝🛝Swing🛝🛝🛝

One can go long once breakout
Targets as marked

Update

Activated and T1 done bhi😇
Wahh⚡️3% up

ES: 27 Aug

In the PD ON session, we saw a 'P' shape profile, with the VPOC positioned near the highs, indicating strong buying and a robust distribution. This pattern set the tone for the RTH, where the A period successfully breached both the ON High and the PD high. However, during the B period, sellers aggressively entered the market, pushing prices down sharply and leaving behind single prints that remained unfilled through the close and persisted into the current ON session.

During the PD session, a triple distribution was noted, though one set of singles was filled during the formation of a 'b' shape profile, which featured a spike base at 5649—marking the lower end of the singles zone.

The VPOC and TPOC in a 'b' shape profile typically align closely, as they did yesterday, with both being within 4 ticks of 5635. This level has become a crucial marker to watch. Holding above 5635 is key, and clearing the singles zone (5649 - 5655) is the next objective. Between 5662 and 5668, the highs of the previous three days are clustered, implying a substantial number of stops in this range. A sharp spike here could trigger a significant short-covering rally, propelling the market toward the large gap between 5673 and 5690. Successfully clearing this could push the price further to 5702.5.

On the flip side, if the price remains below 5635, the support zone around the weekly VPOC and Value Area Low (VAL) between 5625-5615, which held up yesterday, may not provide enough support this time. In such a scenario, sellers may intensify their efforts to capture buyers, potentially driving the price below 5615, then to 5601, and further down to 5584. A breach below 5584 would present a completely different narrative, suggesting a shift in market sentiment.

With NVIDIA's earnings results coming out tomorrow, we'll see if this bearish story unfolds or if the bulls manage to regain control. Stay tuned for the next chapter!

Axis bank

Indusind bank

ICICI Bank

State Bank of India

If in ES we open below the PD low, then that will be gap down; and with supply above, the selling pressure could be relentless. We have tested 5614 and found bids at 5612.5. Will be interesting to see if price comes down below 5610 and then how the lows at 5602 - 5584 are defended.

25030++

Short range only 51200 sl 51230

Upside move only above trend line.
So can short with little qty