Price Profile Nifty/ Bank Nifty
We put a lot of Volume Profile charts on this blog. Viren’s last post here is an excellent example of Volume at price in action. There is another part to Market Profile based on time-price as opposed to volume-price. Time- price or Price Profile charts give us a better picture of the larger trend sometimes […]
Vol Profile charts for 22nd OCT
WE had a double distribution day and a 2I day yesterday with a statistical probability of the high being created in the first hour. That probability was around 65-70 % based on our understanding of the market profile, but was enough for the Nifty to remain weak after the first few minutes of trading. Once […]
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All lines in red and blue are imp ref lines. The value areas are shaded green.
Position summary : 21st Oct
*** INTRA-DAY TRADES *** * Buy Nifty at 6056, sl 6038, tgt 6075.exited at 6048 * Buy Nifty at 6124, sl 6113, tgt 6139/ 6152.tgt 2 done * Buy BN at 12360, sl 12320, tgt 12440Tgts done * Buy BN again at 12450, sl 12410, tgt 12500/ 12540Tgt 2 done. Position carried Bank Nifty total […]
EOD 21st Oct
Today’s upmove in the markets was strong above the previous selling area at 6077 and met a bit of resistance at the weekly POC at 6159 regions where the previous seller operated from who took the markets to 5985 levels. 6160 NF represents the middle of the bracket we are observing between 6080-6250 NF and […]
EOD Nifty 20/10/10
We watched today the Nifty taking out 6001 NF and 5978 NS in the closing minutes of trade only to trade above them at the close In profile we say that buyers live below Value Low and sellers above value high, The buyers tried every bit to pull price above 5060 levels since morning, but […]
Trading room charts explained
This post is a brief write-up to new subscribers to understand the charts in the Trading room. Please understand the information provided below by looking at charts in the trading room. The above chart is a visual representation of the streaming charts available to you in the trading room. There are 2 charts like the […]
Trade Summary : 20th Oct
*** INTRA-DAY TRADES *** * Sell Nifty at 6018, sl 6060, tgt 5980.Sl taken* Buy NF at 6054, 50 % qty sl 6022, tgt 6083/ 6107SL taken* Sell Mini at 6054, sl 6070, tgt 6013/ 5980Booked profits at 6027.Tgts done* Buy 6000 PE at 55, sl 50, tgt 77Tgt done. Position carried with sl at […]
Trade Summary : 19th Oct
*** INTRA-DAY TRADES *** * sell BN at 12360, sl 12410, tgt 12110.Sl taken * Buy NF at 6124, 50 % qty and bal 50 % at 6104, sl 6094, tgt 6144/ 6160Booked profits at 6150 Bank Nifty total points : -50 points Nifty total points :+ 35 points. ———————————————————————— *** NEW TRADES *** ———————————————————————– […]
Slide
The market has been slippery and sliding to say the least ! We’ve had some amazing volatility from last week with big trend days and even bigger intra day swings to the long side as well as the short side. Yet after all, tomorrow’s session may be the most important session for the Nifty in […]