NF/ BNF for April

The excel sheet updated by RM regularly has shown the seller in command with the OI and the net delta being negative for the full series.   https://docs.google.com/spreadsheet/ccc?key=0Ase3dtbFwQWUdFFpWFFudkx1VV9XVUQ1cjllVlFyVGc#gid=0   It's an easy way of knowing the swing of the market and taking a position accordingly based on closing prices, open interest and delta change.   […]

EOD update

Finally the auction from late afternoon got completed today.   We should get a move early on thursday from here.       The lower distribution now has it's own value area and POC and a break of value and range needs to be traded as a conservative signal for thursday.

Profile update

The structure at the close in the March indices looked incomplete.   So far we are seeing an effort to rectify that as a double distribution completes.         Once this auction is complete we could look at either a move to the centre to 5715 or a push down 5628 to bring […]

Nifty Profile Pic

We had another failed opportunity to move higher in the markets today and the market liquidated quickly though the value area from friday in the second session as the opportunity from the OAOR open played out in favour of sellers.   Both the profiles look incomplete.  

Bid Ask footprint (intra)

We had an OAOR at the open in the first minor auction of the day.   At such times it is useful to go inside and have a look at what buyers and sellers are actually doing.   An OAOR is an exciting open, dull in the beginning but holding lots of promise later in […]

Nifty Profile charts

Here are some charts of the Nifty   The shaded regions in green and blue are the value areas as also the places where the market spent 70% of the time and traded 70% of the volume.   The volume bars on the right are the actual volumes traded.   I've added weekly and monthly […]

Nifty swing view (update 2)

As the NF and the BankNifty move to the lower end of the price band for the series, the delta picture is not convincing us that there are new sellers waiting to take the index lower.   See the gradual slope higher in NF and BNF Delta as price has moved lower over the past […]

Tracking the Double Distribution

We had a balanced profile in the markets yesterday as market participants waited on the RBI to announce it's monetary policy.   As traders we do not place a lot of importance to news flow or the type of news but are very interested in the end product which triggers a rebalancing of inventory.   […]