Profile charts dt 07/08/15

The highest volumes and the range of the auction today was in the first 10 minute period and thereafter it was a drift. Both our hypos did not activate in Nifty and the volume of 56 L would explain. Charts are below :

Levels and Plan for 07th Aug

We spoke about a bias at 8588F in yesterday’s post and the jump above that prominent POC came later afternoon taking the market to 8642 supply. EOD data showed pros selling into the rise but when they liquidate tomorrow that bias above 8588 will remain intact.  

Profile charts dt 06/08/15

Today’s profile in NF was an incomplete DD . The probe higher met sellers but the auction is not complete and likely to continue in same range.

Levels and Plan for 06th Aug

The Nifty repaired the value aberration from yesterday’s move by climbing above yesterday range highs early in the session and creating value higher. However the BankNifty disappointed longs today and may have declared it’s intention to remain sideways for the rest of this week.We spoke about 19070 spot in the weekend post and whilst yesterday […]

Levels and Plan for 05th Aug

The RBI day was action packed but little changed at the close. We saw further evidence of dip buyers in this market, but for now the seller at the highs seems to be holding up well. From yesterday’s post – “The  failed auction at 8451 Aug F was revisited on 30/07 and will now function as a […]