Trading with Volume Spread Analysis (VSA)

[bunny]

On 1 min chart, there is support at 477x, but there is also supply, so likely that we will re-test that area soon.

 

[bunny]

on 1 min chart, signs fo no-demand, but also no selling. looks like accumulation. 477X has not been retested as yet.

 

[bunny]

Yesterday, volume on S & P CNX NIFTY were around 275 mn. Today, at the this moment, the volumes are around 135 mn. The half-formed daily bar looks like a down-bar, low volume, wide spread, last traded on the high. Let us see where it leads us though its mostly up.

Picked up a few lots of NIFTY CE.

 

[bunny]

I am afraid today is going to be an up-day. Usually, the last days of the bear moves are down-days.

 

[rajputz]

I am afraid today is going to be an up-day. Usually, the last days of the bear moves are down-days.

you want to say that bull move has not yet started

 

[nimish_rulz]

I am afraid today is going to be an up-day. Usually, the last days of the bear moves are down-days.

Which was Wednesday. Up move started from yesterday as I pointed out there were huge short coverings and also a lot of rollover of long positions. Future Roll over exceeded from 58% in Jan to 68% in Feb. Anyways hope its the beginning as I have bought a lot of stuff today.

 

[rajputz]

actually i wanted to say it as: --

you want to say that bull move has not yet started ???????

 

[bunny]

Which was Wednesday. Up move started from yesterday as I pointed out there were huge short coverings and also a lot of rollover of long positions. Future Roll over exceeded from 58% in Jan to 68% in Feb. Anyways hope its the beginning as I have bought a lot of stuff today.

Forgot it

 

[chaitanyagoa]

Hey guys,

You guys are so knowledgeable.... gosh!!! i wish i was as smart ....

Anyways .... i personally think all of the indices bounced back from the areas of strong support....

CNXBAN had a strong support at 8300 levels and it bounced back from that...

CNXIT is currently at a strong support zone.....

But i am not very happy with the Nifty closing.... 4920-4940 area is the Ultimate barrier for Nifty to overcome..... Only if Nifty overcomes it we can be bullish...

But the good thing is that the US GDp numbers are good and we might have a possible gap up on monday.... Hoping...

Then it will be curtains for bears......:clap:.. Until then Fingers crossed

 

[nimish_rulz]

Hey guys,

You guys are so knowledgeable.... gosh!!! i wish i was as smart ....

Anyways .... i personally think all of the indices bounced back from the areas of strong support....

CNXBAN had a strong support at 8300 levels and it bounced back from that...

CNXIT is currently at a strong support zone.....

But i am not very happy with the Nifty closing.... 4920-4940 area is the Ultimate barrier for Nifty to overcome..... Only if Nifty overcomes it we can be bullish...

But the good thing is that the US GDp numbers are good and we might have a possible gap up on monday.... Hoping...

Then it will be curtains for bears......:clap:.. Until then Fingers crossed

Only if US would close positive which is very unlikely with the current Mess in US people would like to have a weekend with stocks disposed. I feel there is a massive support around 10150-10170 levels and until US closes massively below it I ll be fine. But US will take time to go up.