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 […]
NF Mar Composite
Here's a look at the charts of Nifty :
Consecutive directional days
Here's a chart which shows the numbers of days in one direction.
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. […]
Nifty swing view (update 1)
In the last post done on the subject we had noted that the Nifty and the BankNifty did not enjoy a lot of buying support at higher levels. When delta and price do not agree then many times a reconciliation is around the corner and such moves when price and delta diverge are always higher […]
Open Interest Tracker
We have 2 sheets now maintained by RM which regularly update the Open Interest position at the end of every trading sesssion. This first one is : Current Month OI. This will track the delta and the OI co- relations This next one by RM tracks the option OI of the FII's […]