Evening Report dated 13th Jan ’18

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The markets on Friday saw a sharp mid-afternoon drop n NewsFlow but once again the responsive buying we saw at 10615 managed to push the index back to its highs and the index closed near the highest point. We continue to see the extension of this leg up in Nifty capped around 10720/ 10730 F […]

Evening Report dated 11th Jan ’18

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As the auction started this Monday for the current week, I was clear that the Nifty had to stay above 10600 F all through the week and if it did the Nifty would hit 10680 F. It’s actually been a slow rotational week with lows of 10596 and a high of 10682. But the pace […]

Evening Report dated 10th Jan ’18

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The auction of Wednesday attempted a move lower below 10616 the bracket lows but met with sharp responsive buying which pushed the index back to the VPOC at 10640 by the close. The day profile shows again a  seller at 10644 like yesterday but there was some big responsive buying which we saw at 10614 through the […]

Evening Report dated 09th Jan ’18

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The auction of Tuesday stayed well above the VAL of Monday’s session and managed to push the Initiative sellers seen at 10645 away by the close. The range confirmed a sideways zone beginning to form again above 10600 F and value went sideways during the session. Of note was the good responsive buying seen at 10626 F  […]

Evening Report dated 08th Jan ’18

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The auction of Monday gapped up above the supply zone we have identified in previous posts between 10570 and 10600 F. It was an Open auction out of range which stayed that way through the close in a market which traded only 35 points all day and kept to a 20 point range. Sellers were not seen […]