Heat map profile
Here is a pnf chart of the Nifty future for the past 30 days. We have added three heat map profiles to it whose colors have to be read as VIBGYOR, where red is the biggest volumes and Violet the lowest. Today’s incomplete profile shows an accumulation of volume at 5812-5817 which is the DPOC […]
Open house- Friday the 14th of Jan
There are days to trade and there are days not to. There are days the market will move 60 points and there are days the market will do 150. There are days the market will stop at a pre-destined point and reverse. There are days it will continue moving .. There are days the market […]
VPOC for composite profiles
Here are the composite profiles for the Nifty and the Bn since the sell-off began at 6210 and 11940. The Bn has a VPOC at 11288. The Nifty has a VPOC at 5814 and the large volumes at 5835 are not good news for buyers. The placement of the VPOC in longer term profiles always […]
Trade Alerts : 10th Jan
*** INTRA-DAY TRADES *** * Buy Mini Nifty 5890, sl 5845, tgt 5935Stop Hit– 45 * Sell Mini Nifty 5833, sl 5855, tgt 5800/ 5777Booked out at 5812.+ 21 *** OPEN TRADES *** Total points for the Day : Mini Nifty : -29Nifty : Bank Nifty : Option : Cumulative for the month Mini Nifty […]
Long Liquidation continues
In profile we often use the term “long liquidation” to describe the process of movement of money from existing long positions. Similar to short covering rallies, these breaks are against the prevailing trend and can be sudden and sharp. Those who are still grappling to get to say 58XX levels instead of 61XX levels so […]
Nifty & BN high volume nodes
Below are the high volume reference points for the Nifty and the Bank Nifty spot. HVN’s or high volume nodes tend to act like magnets and often slow down the auction process around them. These are extremely good points to manage existing positions or initiate new ones. Nifty spot : Bank Nifty spot :
Bank Nifty composite profile
Here is a composite profile of the BN like the one posted on the Nifty. The profile on the left is the move from 11040 to 11900 and the one on the right is what transpired this week. The difference between this profile and the Nifty consolidated one, is that the value areas jump at […]
Volume Point of Control ( POC)
Many of you following this blog would be familiar with the terms VAH, VAL & POC. These are the value area high, value area low and point of control. Whilst the VAH & the VAL are important for a particular days action and the next, and lose their relevance after some time, the POC becomes […]
Nifty Profile
Last night when I was looking at the profiles, I had a strong feeling that the market would rotate back upto 6110/ 6124 before moving lower. Infact the exact comment was “Holding 6039, there is reason to believe the market will auction upto 6139 again”. The conviction came from the high volumes at 6040 on […]
Trade Alerts : 7th Jan
*** INTRA-DAY TRADES *** * Sell Nifty 6019-6023, sl 6052, tgt 6000/ 5975Booked profits at 6000. TSL taken on bal.+ 23 * Buy Bank Nifty 11190, sl 11144, tgt 11260SL taken-45 * Buy Bank Nifty 11255, sl 11225, tgt 11310Booked profits at tgt 1. TSL at cost taken on rest+ 55 * Sell Mini Nifty […]