Profile View for today
These charts were posted last night in the premium section, but are still relevant ——- The first day of the new series was welcomed by initiative buyers, then responsive sellers and then again responsive buying ( short covering) to have the markets close at the previous day's POC. Since POC is considered the […]
Nifty daily stats ( 1 )
Here are some stats on the daily movement of everyone’s favorite trading instrument- The Nifty. If you are an intra day trader or carry positions at STBT or BTST then you need to look at these charts again. The charts are smoothed using an SMA to 3 to even out the data. […]
30/04/2012
The first day of the new series was welcomed by initiative buyers, then responsive sellers and then again responsive buying ( short covering) to have the markets close at the previous day's POC. Since POC is considered the fairest price, the net result of the session was that buyers and sellers finished equals, not […]
27/04/2012
AS we begin a new series from tomorrow, let's have a look at the background which has brought prices to where they are currently. The charts above show the volume profile in purple where the big volumes have come. The bigger the bar horizontally, the bigger is the volume at […]
April Series
Here is the vwap and profile for April. The orange line is the VWAP and the yellow lines are the standard deviations. The value areas are in purple and the POC in reddish brown. The current POC is 5230 and the vwap is 5276.
26/04/2012
Before the Market opens tomorrow, we will have news about the FOMC which should cause some inventory re-alignment at the open if there is a major change in the FED statement. The previous statements have been on the lines of "conditions warrant low Fed Fund rate through late 2014" . & FOMC projections, showing […]
24/04/2012
The action seems to be building up in the May futures. We will shift to analysis of the May futures from tom. Today's charts show supports in the lower regions of where the NF and the BN traded. The Composite POC at 5216 and the daily POC at 5230 will […]
April TPO chart
Here's a TPO chart of 30 minutes duration for the 16 sessions traded in the month of April so far The value flow for the month has been sideways and currently stands at 5244-5348-5354. The market has not made any progress above the upper value area and has not found […]
23/04/2012
The close on Friday after the freak trade to 5000 left the index at the edge of it's most two recent ranges and in- between both of them. I've taken the liberty of cancelling the tick to 5000 and we see Friday's low as 5248 in the chart above. Up above 5312 […]
Flash Crash
It was over in 20 seconds. A trip from 5300 to 5000 and back. Have a look- What started off as a genuine breakdown from the 3 day trading range with a bracket low around 5312, soon came crashing apart in a low volume market plunging the NF down 300 points. […]