The morning after

Let's revisit the chart posted here- on Monday evening prior to the RBI.   Here is the updated one :     The chart above shows a clear move through the balance area of 8-22 OCT done yesterday visible in the form of single prints in the profile of yesterday.   This is a […]

Eyes on Subbarao

The earnings season is underway and the markets have reacted by putting in a 100 point range.   Well not totally unexpected as overall the results have been good with "beats" exceeding "misses". On the back of FII sponsored liquidity and government reforms, the markets have held on to their gains awaiting the next trigger. […]

MCX weekly

Crude Oil November :     Crude Oil is balancing as we observed earlier in the week.   That balancing act should give a low risk high probability trade.   The idea would be to take a buy above 4684 for 4729 and 4760 as targets. Stops can be kept below 4635.   Gold : […]

Nov Nifty

This chart from the close of the session yesterday suggested lower supports at 5705 and 5695.     5705 was also the close of the series yesterday.     11598 is the level to watch in the BNF.

Crude Oil Update

In our last weekly update –, we had mentioned about the balance developing in crude and how a break would set up a low risk high probability trade.   The conservative trader was watching the levels given in the post above "4803 below and 4972 above are the levels to break for the sideways […]


I had mentioned in my previous post made on Tuesday on how the option writers have a complete grip on market action and global cues not withstanding.   That post is here –   Even though the cash spx came close to a 30 point fall, the balance of positions made for expiry ensure […]

Ahead of the holiday- SPX preview

As we close out today's session and get set for the expiry move on Thursday there is a holiday in between when global markets would be running and important events scheduled in Europe especially Germany.   As a rule the option dominated markets in India do not react to overseas news in expiry week especially […]

MCX weekly

Let's look at some profile levels for commodities this week.   Gold Dec Future :     In last week's note posted here-( I had mentioned that "31454 on a closing basis is a minimum condition now for aggressive upsides".   The index hit 31438 and rebounded to hit 31000 again today.   31454 […]

Monday Prices

Here's a chart which shows a typical Monday trade for the past six months.   All the bars are only on one day- Monday which is the first day of the week.     From mid June except for a 3 week losing streak in July, most Mondays have been positive days to trade.   […]

NF Monthly profile

Here is a profile check of the Nifty for the current month.     The chart above is a TPO chart and shows the various places the NF traded during the month.   The green shaded region is the value area and the purple horizontal bars denote high volume points.   5772 and 5664 has […]