It was trend day up yesterday and today trend day down post gap down..Usually its kind of tough to digest such opposite open from yesterday close but it was not a surprise to see 17360 today morning except the fact that it happened via gap.
As we were prepared for 17360 today, only focus today was to check if gap down sustaining or moving back into yday profile..Once that got confirmed then day was easy to track..Posting today's live commentary below along with nuances shared to understand what was auction trying to do today.. If possible, check the commentary along with smaller time frame chart to understand clear picture what was discussed.
This was closing commentary yesterday.
and we had gap down right around 17360 zone and this was premarket summary about what to expect next.
Below are all day live commentary .
Hope above commentary will help to pick up some context as what to look in a on going auction.
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