Evening Report dated 13th Dec 17

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The markets whipsawed today. They opened below yesterday lows and went up and tested the highs of the auction range of yesterday. But what looked like a Double distribution in the making flipped around in the afternoon session and sellers came back aggressively to close the market at the lows in a Neutral Extreme. 

Evening Report dated 11th Dec 17

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We got a third straight day of value higher in the Nifty and the BankNifty today. There was some responsive selling seen earlier in the morning which pushed a move below vwap and a range extension lower indicating seller interest again in the auction. But that was snuffed out later in the session to make […]

Weekly hypos for the week dated 11th Dec- 15th Dec ( spot prices)

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From last week’s post here- http://vtrender.com/weekly-hypos-week-dated-04th-dec-08th-dec-spot-prices/  “we know that for the leg of this uptrend from 7900, no major correction has been more than 490 points. So from the pivot highs of 10490 seen in Nov, an equivalent drop will still put support near this 10040 mark reconfirming the balance highs  we know there”   Last week […]

Evening Report dated 08th Dec 17

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The No demand seen in the Trend Day of Thursday profile and which had aggressive sellers into the rise was followed up by a P shaped Profile indicative of a short covering run as sellers selling into the strength of Thursday were forced to cover their positions straight off the open. So we have a […]

Evening Report dated 07th Dec 17

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The auction of today early at the open followed up on the buying seen yesterday but we saw a big divergence set up on the moves higher especially at 10125 and 10161 and at the close near 10210. The selling into the close near 10210 confirmed that sellers were still interested in the auction and the […]

Evening Report dated 06th Dec 17

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The auction at the open today was an anti-climax to the move seen late yesterday but noticeable immediately was the lack of demand in the Micro balance of 10100- 10125 F. Unlike yesterday where we saw a lot of buying in this balance resulting in the upmove later in the day, the open of today in the same MB […]

Evening Report dated 05th Dec 17

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The auction at the open today was Initiative and driving lower but was met with aggressive responsive buying who pushed the index back to day highs and managed an extension to yesterday VAH also where we saw another sharp round of responsive selling. The close was good and managed to hold 10120F and if it […]

Evening Report dated 04th Dec 17

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We spoke in our last post on the evidence given by the Nifty on lack of selling below Friday lows and the same was seen in today’s auction as the Nifty returned to the expected balance. Visible in the OrderFlow of the day was also a sharp responsive buying in the BankNifty which should it […]

A simple way to use the Profile Chart

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Here is a simple method to use a Market Profile chart for arriving a good support and resistance levels . The key is working with Market Generated Information or the info being sent out as the Profile develops and utilize that data for trading decisions.   Also a quick look at how an OrderFlow chart […]