Evening MarketProfile report dated 08th Aug
The BankNifty broke away and hit the expected 28140 putting in a 3IB day. The Nifty also moved above the supply zone of 11435-11444 which now is a short-term support zone. PLR ( Path of least resistance) remains higher and is upto the sellers to Initiate moves to change the auction nature. A weekly outlook […]
MarketProfile charts dated 08th Aug
MarketProfile charts dated 08th Aug MarketProfile charts of the Nifty and the BankNifty May Futures updated to trade date 08th Aug
MarketProfile charts dated 27th July
MarketProfile charts dated 27th July MarketProfile charts of the Nifty and the BankNifty May Futures updated to trade date 27th July
MarketProfile charts dated 17th July
MarketProfile charts dated 17th July MarketProfile charts of the Nifty and the BankNifty May Futures updated to trade date 17th July
Evening MarketProfile report dated 13th July
The Nifty and the Banknifty put in an OAIR which was only the second one of the week gone by and similar to what we got on Wednesday we had again an Inside day in both the NF and the BNF.
Evening MarketProfile report dated 05th July
The Nifty and the Banknifty consolidated on the gains made yesterday. The profile was gaussian at the close indicating acceptance of the higher value. Bulls would be happy to drive prices above the value of today. However, a failure would mean some major long liquidation coming up. I’m speaking in depth on using MarketProfile the […]
Evening MarketProfile report dated 03rd July
The bounce led by the responsive buying seen at 10600 yesterday hit the other extreme near 10740 today, where we saw liquidation happening of yesterday longs. Intent pointed to supply coming back at the highs today. Profile wise we finished as a Normal variation day would, at the highs. I’m speaking in depth on using MarketProfile […]
Weekly outlook for the week dated 25th June to 29th June
Last week we spoke of a bias around 10815-10825 spot based on the auction of the week prior. For 4 of the 5 sessions, the Nifty stayed below 10815 and only a spike on Friday took it above the zone for a close at the pivot point. The inability of sellers to force the market […]
Evening MarketProfile report dated 19th June
The Nifty and the BankNifty gapped lower today and below the support zone of 10770- 10790 held by responsive buyers. It was also a break away from the 6-day range the market has been trading in. Much depends on what kind of follow-up we get from this profile of today. The last time the Nifty […]
MarketProfile charts dated 19th June 2018
MarketProfile charts of the Nifty and the BankNifty May Futures updated to trade date 18th June