Weekly outlook for week dated 21st May to 25th May ( spot prices)

Tuesday’s high volume reversal from 10930 (spot) set the stage for a change in the trend of the past few weeks and the Nifty traded a 340 point range giving up all the gains of May series and closing the week at the lowest point. The BankNifty also reversed lower from the profile of 2/2 […]

Evening MarketProfile report dated 18th May

The nifty stayed below the spike lows on Friday establishing a sell-side bias early in the session. The late buyers seen on Thursday had to reverse their positions quickly and the Nifty dropped to 10586 by the close. There was also big responsive buying into the close as the Nifty tested the 10600 mark yesterday. The gains […]