Nifty Advancing Issues 5 and 10 Day MA
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Profile charts for Tues- 21/11
Nifty : As discussed in the weekend post, after a neutral extreme day, we were waiting for Buyers to step up and take the market forward this morning. That wasn’t the case. The smaller IB again showed that buyers were on the sidelines and sellers again gradually took over the market. After a normal distribution […]
Trend indicator
On Friday the markets had finished a Neutral Extreme, which in Market Profile means that you should have an open above the close of the previous day for trend continuation. The open early this morning was far removed from that close and OrderFlow quickly determined that sellers were present in the market and active. Generally […]