Evening report trade dated 07th Jan
We gapped below a neutral extreme in a market which was already in imbalance. A gap is single prints in Market Profile and the trend day seen post the gap reaffirms the bearish sentiment.It’s getting risky to launch new short positions but the index is not showing signs of the downtrend ending yet.
Consolidated OrderFlow 07/01/16
This is the net traded volume of the Nifty and the BankNifty today in a single bar with the day’s range in the bar.
OrderFlow charts and Notes 07/01/16
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Profile charts dt 07/01/16
Thursday’s profile charts of the NF and the BNF