Evening MarketProfile report dated 14th May

I had mentioned in Friday’s report that the spike zone of Friday’s auction was an important reference area to pick up the day bias for the session dated Monday. The Nifty opened in the spike and crossed above the spike highs which it sustained for over 2 hours. But once it came into the spike […]

Weekly Outlook for week dated 14th May to 18th May ( spot prices)

Last week I anticipated a rise to 10767 F in the Nifty May F and responsive selling to emerge from there on the retest. You can do a quick read through of last week’s post based on MarketProfile at – https://vtrender.com/weekly-outlook-for-the-week-dated-7th-may-to-11th-may/     From a low 10645 F on Monday the Nifty rose to 10766 on Tuesday where […]

Evening MarketProfile report dated 11th May

The auction of Friday was a Normal variation day which took out the supply at 10767-10780 and closed in a spike at 10825. Spike rules apply at the  Open on Monday. The 10767- 10780 zone could serve as a support on dips. The second level of support is near 10700.     The short-term weekly […]

Evening MarketProfile report dated 10th May

The auction of Thursday was mostly inside the range of yesterday’s profile but structured downwards. In these 2 sessions, we are now seeing 2 identical volume pockets at 10722 and at 10776 hinting at the presence of large players. In MarketProfile we tend to look at the commitment of players to an auction. We also pay attention […]