Profile charts for 5th August
Nifty Spot chart Daily prices : Perspective :Yesterday’s intervention by the Bank of Japan in the currency markets to weaken the yen, Wednesday’s Swiss national bank interest rate cut and the ECB’s decision to hold the interest rates steady, seen in combine, point to a work behind the scenes and the fear amongst central bankers […]
Profile charts for 5th August
The Prime Levels for tomorrow are possible areas of demand and supply and the same are uploaded in an excel sheet here. The most important number to watch in the sheet is Prime Point Zero or (PP0) which is the level where the market is neutral for the day.A market below PP0 and moving lower […]
Gold and copper OF
Here are the two charts of Gold and copper futures I spoke about in my previous post : I had made a mention of a buy signal in Gold and a sell signal in copper about 2 hours back. Here’s how they have managed : Gold Futures : Gold was consolidating in a narrow range […]
Order Flow revisited
Our basis for measuring supply and demand in the market place is to see where the market participants themselves, are making buying and selling decisions at the intra day and swing trade levels. Market participants cover the entire gamut of traders from retail to institutions. It makes an awful lot of sense to me to […]