Value Flow @ MCX
Here are some simple weekly charts ( 30 minute duration) showing the value flow in Copper, Crude, Gold, Silver. The charts are annotated. The charts show the value area (weekly value) in blue and the Point of control of the week in purple in the middle of the blue shaded regions. Copper […]
OrderFlow Update
Earlier this afternoon Viren tweeted this message from his twitter ID : https://twitter.com/#!/VirenRasquinia Order Flow traders are enjoying shorts from 10460 & 5290 , both made at 1.40 pm. U never mess up with OF when they give 2 simultaneous alerts Indeed the biggest indicator of sell ( or Buy) volume increasing is […]
13/04/2012
Once again we had a range extension which went upwards and in many days we had a close above the value high for the previous day. This is underlining a value shift happening as swing term charts show that the market is poised delicately at the vwap of the series. The chart […]
12/04/2012
Yesterday's closing remarks- The NF after a neutral center day is known to give a trend day like structure the next day. This happens as the market goes from equal strength to a phase when one party exhibits complete control over the other. The structure and the energy of the profile was for a […]
Updated Profiles
Here are two charts of the NF and BN with the composite profiles. The new profile chart in purple on the right is the chart for this series in April. The yellow is the vwap from expiry day. We have hit 5205 the HVN and now as the market moves […]
11/04/2012
A normal variation day in the Banknifty , a neutral day in the NF and falling US markets ( at IST 9.40 pm ES is 1358 well away from 1377) will set up a panic open for us tomorrow. Important takeaway from today's market was that the BN refused to go lower and got […]
Closed shorts
Our OrderFlow charts indicated to us that shorts were moving out and we closed out short positions today. The NF short from 5347 was closed at 5260 for 87 points and the BN short from 10374 was closed at 10160 for 214 points.
10/04/2012
In our post yesterday we talked about the possibility of a sentiment change after a longish break from the global action. The result was a gap down opening which after failing to close in the IB period led the market to close near the lows of the day. The result was a normal variation […]
Composite update-09/04/12
From 10.00 am this morning, the market has been drifting in a narrow 15 point range around the HVN of 5265. The chart given below was last updated in this post here : http://www.vtrender.com/content/composite-update-april-future The green lines show the high volume nodes which never fail to stop the march of the market. […]
09/04/2012
It's normal to get a gap opening after a long weekend, especially of the type when we have foreign markets working for almost two sessions after our close. Not much can be done to analyze such openings in advance and short time frame players mostly do not carry over positions, which could explain the […]