Trade Alerts : 8th Feb
*** INTRA-DAY TRADES *** * Sell BankNifty 10295, sl 10360 tgt 10225tgt 1 done. Revised TSL at 10267 taken+ 70 *** OPEN TRADES *** Buy 5300 Pe 82.5, sl 66, tgt 120 ***Total points for the Day : Mini Nifty :Nifty :17Bank Nifty :70Option : ***Cumulative points for the Feb Series : Mini Nifty :Nifty […]
Order Flow charts
Added to the orderflow charts of the Nifty and the Bank Nifty now are a) Initial balance areas marked in light grey b) range extensions of the Initial balance which will be in Orange straight lines. Nifty : Bank Nifty : Nifty :
Profile charts of today
Today was a trend day with a difference. An inventory which got excessively short at 5332 was rebalanced by a move to 5375 creting a “pullback high”. This has been marked out at 5370 in the charts. 5370 is a prior ref level, but the purpose of these two lines is to mark such levels […]
Market Profile Glossary
Auction : The bid-ask process of the market is described as an auction. The purpose of an auction is to facilitate trade. The auction results in the formation of the value area which the buyers and the sellers agree as the fairest price for the day. As the auction moves away from the value area, […]