Crude Oil Update
In our last weekly update – http://www.vtrender.com/content/mcx-weekly, 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 […]
Volume-less
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 – http://www.vtrender.com/content/ahead-holiday-spx-preview 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-( http://www.vtrender.com/content/mcx-weekly-update) 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 […]
Nifty profile picture
Here are the profiles for Nifty and BankNifty which show the sideways trend short term. yesterday was the 4th session within the range established on the 11th of OCT. The grey volume bars on the extreme right show the balance developing. Yesterday the profile moved within the lower region of the […]
Ref Levels for 17/10
OrderFlow 17/10
Here are the orderflow charts from yesterday with the delta at the top.
Ref Levels for 16/10
Here are the reference levels for the day based on yesterday's auction