Estimates for 1st June
Welcome all to the first trading day of a new month. Our new series of June is also a day old ! What kind of a trading day we saw yesterday : a neutral day, which gives no forward implications.A neutral day can also close at one of the day extremes. Coming to today’s action, […]
Market Profile-Day types
What are the different types of days we see in Market Profile? The Market Profile represents a few different types of days. A good understanding of the different day types and your ability to spot the kind of day developing by 11.30 am or even by 1.00 pm gives you a very big edge […]
Estimates for 31st May
Hope everyone had a good weekend. Returning back, the markets will continue where they left off on friday with no news to alter sentiment as such. Those who had taken long/ short trades over the weekend will not have much to show by way of profits, because the market profile gave us a neutral day […]
Market Profile Terminology
What is the Market Profile? Market Profile offers a fresh, three-dimensional way to look at trading, going beyond the usual price-focused charts like bars and candles that most traders are familiar with. It brings Price, Volume, and Time together on one chart, providing a richer, fuller picture of market activity. Here’s how it works: Price […]
Estimates for 28th May
5065 was the level we had mentioned one week back where the intermediate seller had showed up and managed to take the market all the way to 4785 levels.This was the action on May the 19th and documented here. The gap down from this level, will be matched up with a gap up. But need […]
Thoughts
Traders trade in the “Now”. Use Market generated information to decide your next move. The past is a place for reference, not for residence. .
Estimates for 27th may
Some interesting feedback on the Expiry calculations done here yesterday. But allow me to gently tell you, that now that the market is open, we trade on the information available. As traders we live in the “Now”. So though we are tar-getting 4985-4995, let’s remember the order flow coming to our screens today should communicate […]
Nifty Expiry
Regular readers of this blog may be familiar with a calculation I make on Nifty expiry, every expiry day. If you are not familiar then I suggest you read this post right here before going further. Well Manu had requested for a projection as to how nifty would end up tomorrow. Based on the excel […]
Update
The markets have moved between 4855 and 4887, two of the pivots we identified yesterday.Refer to this. The move which we were waiting for yesterday, has materialized today.Never mind. I was clear that a break of 4824 did not present a good risk-reward opportunity for a short in the short term. I’ll post some short […]
Estimates for today
4851 Nifty spot was the point where buyers came in force last week. 4824 Nifty Future is our Mp pivot which we have been speaking about for the past few days. Hence 4824-4851 represents a good buy zone and should be watched for signs of buying. On the other side lies 4882 Nifty spot and […]