Nifty Structure is poor in the last three trading sessions indicates the presence of short-term players. Often short-term players are fickle minded and they have a tendency to reverse their positions at the edge of the balance. On Mondays, Trading session price moved towards the 10820 and 10835 levels followed by price rejection at the top resulting in a poor structure and poor high at the days top. This provides interesting trade setups to fade towards the previous poor structures.
The context had nothing much changed from the last write up except the market moved from a 100 point range to 200 point range.Volatility is much improved for this week. Nifty Futures attempted a fresh all time high and closed higher with euphoric global market optimism.