REVIEW OF THE WEEK ENDED 24-03-2017 WITH D-VOL AND  PRE-OPEN LEVELS

Short-forms used are PO for pre-open and DV for D-Vol.

NS (Nifty Spot)     

On 20/03/17, PO was under A2 of write-up and covered all 4 downside levels as per PO. It did not touch upside trigger level as per DV or as per PO .

On 21/03/17, scenario was as per A1 of write-up, but after touching upside trigger as per both levels, it did not try to go further and showed exhaustion upside and yielded to downside trigger in second hour and attained all downside levels as per PO and 2 levels as per DV.

On 22/03/17, it was scenario B of write-up with big gap-down of 40 points, so it covered 62% retracement of gap-down and attained 2 upside levels as per PO and touched downside lowest level as per DV, to give way to signal as per gap-down pre-open and attained 2 downside levels as per PO.

On 23/03/17, scenario C was applicable, as pre-open was above trigger as per DV but not gap-up open, so follow-up action showed way on upside 3 levels as per both theories.

On 24/03/17, gap-up open as per scenario B above and it just touched first downside level as per pre-open and reversed to touch 2 upside levels as per both theories.  

BNS (Bank Nifty Spot)

 On 20/03/17, PO was as per A, with PO=High for the day, showing way for rest of the day to attain 3 downside levels as per PO. Though it triggered on downside as per DV, it did cover half-way to first target on downside.

On 21/03/17, though it opened just near previous Close as per A of write-up, it faced resistance at trigger level as per PO and retreated to attain 3 levels each of DV and PO.

On 22/03/17, it was big gap-down open of 150 points as per B of write-up and covered almost 50+% of retracement and attained 2 upside levels as per PO, to trigger downside as per PO towards EOD.

On 23/03/17, PO was as per scenario C of write-up as PO was above upside- trigger as per DV. It achieved 2 levels upside as per after trigger as per both levels. It touched downside trigger as per both but did not go much on downside.

On 24/03/17, gap-up open as per scenario B above and in first hour, it touched downside trigger level and reversed immediately to attain all 4 levels upside as per both theories.