30 minute Profile

The just concluded derivative series was a flat one month-on-month which was not at all surprising considering that we had vix readings of less than 20 for most of the month. Those who followed the Vix tables would have noted that the expiry would be around 5252-5272 levels and we came to within 10 points […]

Corelation (2)

This is a follow up to a post I had done on the 19th of March on inter-market associations for the swing trader, especially the kind who takes his cues from overnight moves in the SPX or the morning moves in the Hangseng or the Taiwan index. You can find my last post on the […]

Volume

Here is a time, price and volume breakdown ( in excel) of the Nifty for the past 2 days. The volume component has been filtered to show only block trades of a lot size greater that 35000 units. The volume at around 1.30 pm was over 11 times higher than my filter.Within the hour the […]

Friday

We never got that move above yesterday’s POC as expected. There were just 2 probes all day above POC and they didn’t last a full 10 minutes in a 390 minute trading day. It showed seller dominance all day as well as the fact that the break-down from yesterday was accepted. There are some buyers […]

Closing Comment (2)

Couldn’t resist. but I closed out 3/4th’s of my shorts at the close today. Here’s why: Regular followers of my comments on this blog and on Just Nifty would know the similarity of this chart with the one I posted last Thursday, exactly a week back. To be noted is the location of the POC […]

Closing comments from 13th April

I missed the commentary from Viren today, but I held on to this email he had sent at the close on Tuesday. Reproducing here … Viren to vtrender@gmail.com date Tues, April 13, 2010 3:17 PM subject Closing Comments Some closing comments before I move.. Market Profile points to a move downward in next few days.This […]

Crude

I had last commented on Crude late in January in this post here. We had observed the range between 71 and 83 and noted how 71 was a short term bottom. I have always felt an inclination to study more about crude after the monstrous rally it had at the end of the last bull […]

Travel

Some light travel plans and some pending work will take me away from my “Day Trading Desk” for the next few weeks. I may not be able to update the blog regularly during this time. Thank you in advance for your understanding and my good wishes to you. I ‘ll leave you with today’s chart […]

Baltic Dry Index (BDI)

Most of you may be familiar with this term and may have read about or seen charts of this index. For the uninitiated the Baltic Dry index is not just another chart in the global “stock market” or the “market of stocks” as some prefer to call it, but it is a leading indicator for […]

Trend day

larger value areas for tomorrow will give good trade facilitation. Seller has been in control all day today and kept price below VAL. The open tomorrow will be crucial. .