Profile Chart for Friday 24/11

Nifty : Another neutral day in the markets today with a close at the extreme making it a neutral extreme. The b shaped profile and the spike into the close was clearly short covering by weak shorts from the past two days. We all know that short covering is not a sign of market strength.Dpoc […]

Today’s trend

The expiry day today was very non-volatile and kind of an anticlimax to the fears expresses by participants that the expiry will be at the lows of the series. The OrderFlow on which we heavily rely to note the trend of the market printed us a buy call at 4674 today, just past noon. In […]

Profile Charts for Wed 23/11

Nifty : With 2 sessions to go before the November expiry, the Nifty put in an Inside day today and a balanced profile in the lower half of yesterday’s p shaped profile. We had noted yesterday, on how the longs from Friday’s profile had closed their positions leading to a move lower from 4836 yesterday. […]

Algo or Butter fingers?

Here are 2 trades we picked up this morning on the BankNifty The market was trading at 8634, when we noted heavy volumes at 8542, about a 100 points below. Next it seems they covered with same volumes at 8526. The third trade was back at 8634 All 3 trades took one sec to finish […]

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 […]

Performance sheet Updated

The performance sheet is updated as of the close of trading on friday 18/11/11 You can find this as a link to the right of the blog or just by clicking the spreadsheet at :OrderFlow Performance The sheet is updated from the twitter tab and accommodates the subscriber who cannot be on the screen all […]