Bearishbias

Market Phases with Rolling VWAP 📘Overview Rolling VWAP helps define market structure by identifying different phases of price behavior. Instead of using VWAP as just a single line, combining it with expanding and contracting bands allows us to understand whether the market is trending or consolidating. ⸻⸻⸻⸻⸻⸻⸻⸻⸻ 📉 Key Price Action • Price below VWAP with expanding bands indicates bearish pressure • Narrow bands with flat VWAP signal consolidation • Price above VWAP with expanding bands confirms bullish momentum • Band c

by MarketAlgoBot

NIFTY-27-07-2022-Profit Booking to Continue ?As discussed in our study yesterday, the market witnessed further profit booking which forced the index to close below 16500. The next support levels for the index are near 16300/16200 levels. The market can move higher only if the index sustains above 16500 . However given the FnO data and price action we maintain a mild negative bias and expect further profit booking. Given that tomorrow is monthly expiry we may see some sharp moves in the 16500-16200 range. Important levels for the day are gi