A trend day occurs when there is a high level of cofidence expressed throughout the day. Larger time frame market participants must be active in order for any trend day to occur. The above Nifty Profile Charts shows a clear trend day with long term/medium term sellers entering the market and dragging it down.
The Value area high (VAH) at 5760 and Value area low (VAL) at 5725 and the Point of Control (POC) at 5745
Related Readings and Observations
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