Evening MarketProfile Report dated 21st May

The highs at the open today in the Nifty futures found aggressive sellers and a bit of long liquidation pushing the index again lower by 100 points to 10521. Once more supply was seen drying up at 10520- 25 and at 25730 in the BankNifty. But the damage has been done to the structure today […]

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 […]

Evening MarketProfile report dated 17th May

The nifty drove down below 10765 early at the open and stalled around 10728 for a considerable amount of time in a b shaped profile. There was a spike at the close from 10728 to 10680 F but we saw evidence of strong responsive buying in the spike. The 10660 vpoc from 04/05 is the immediate […]