A roller coaster ride for the index in the month of June with highs of 6011.00 and lows pegged at 5566.25 closing just above the average price at 5842.20
The Monthly Spot Values are: VAH-6009, POC-5920, VAL-5681
Monthly VWAP is at 5782
Nifty as per profile has closed above VWAP and VAL but just below POC, and staying above VWAP a move towards the first resistance zone around 5920 and then towards VAH at 6009 are possible. A close below VWAP will bring back weakness in Nifty and the index can seek lower level at VAL of 5681.
A pullback towards VWAP could be good place to enter longs.
The Monthly Spot Values are: VAH-6009, POC-5920, VAL-5681
Monthly VWAP is at 5782
Nifty as per profile has closed above VWAP and VAL but just below POC, and staying above VWAP a move towards the first resistance zone around 5920 and then towards VAH at 6009 are possible. A close below VWAP will bring back weakness in Nifty and the index can seek lower level at VAL of 5681.
A pullback towards VWAP could be good place to enter longs.
Sir,
ReplyDeleteFrom where do we get the daily figure of VWAP?
How to plot it on the Nifty chart on Amibroker?
Sam
Sir,
ReplyDeleteHow to input the VWAP values of all the scrips ,and how to show the VWAP on
the Amibroker chart?
Regards,
Sam
Sir,
ReplyDeleteAwaiting your Reply.
Regards,
Sam
@Sam
ReplyDeleteThere is an AFL developed for the same, you can also use WMA, which gives nearly same values...
Those who bought near VWAP of 5782, must be in very good profit, are requested to part book above 6000 and hold rest position with SL just below 5920...
ReplyDeleteHappy Trading...