Evening MarketProfile report dated 23rd May

The anticipation built yesterday near the close (which was in the upper quadrant of a Normal day) of a move higher to 10585/90 for a test was quickly snuffed out by a lower open which stayed below 10520 putting pressure on late longs of Tuesday and Wednesday. The long liquidation which followed the break of the […]

Evening MarketProfile Report dated 22nd May

The Nifty and the Banknifty put in a Normal day in the markets today. A Normal day is a day when the entire range of the session is contained within the first hour of trade and there are no extensions. A normal day is also a market wanting to reassess, post an imbalance move. The […]