S&P CNX NIFTY INDEX FUTURES
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Possible trace back to POC of day before yesterday

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On 15 min charts, Nifty seems to be showing sign of weakness and has spent some time below yesterday's POC and today's average traded value.

This indicates a sign of weakness for the next session, usually Monday openings are supposed to be positive, but I would expect a gap down here. IF sellers are not serious enough we might trace back to current levels within a same trading session but if they are, we might see breakdown below the acceptable traceback ranges and that might be alarming in a positional traders mind.
Trade fechado: objetivo atingido
Downward movement target hit, upward is pending now, lets see if we see this in upcoming session.

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