Evening MarketProfile report dated 8th June
A gap down at the Open led to an Open auction but there was a strong responsive Buyer who showed at the close cutting off existing supply and ensuring that the markets closed near the highs. The VAH of the composite was well defended and the Nifty closed as a neutral day type. A weekly […]
Evening MarketProfile report dated 07th June
A steady upmove dominated by buyers in the first half of the session met an extremely strong responsive seller at 10807 around 1.20 in the lunch hour who flipped the auction around and the Nifty gave up most of it’s gains. The volume noticed at 10807 today was as big as the one we saw at […]
Evening MarketProfile Report dated 06th June
At the close of RBI day 2 things stood out from the Profile – 1) we remained within the 9 day composite balance of 10750- 10550 and having defended 10550 and the auction not finding willing new business there it seems to have made up it’s mind to test the supply around 10730- 10750 F […]
Evening MarketProfile Report dated 05th June
Day 8 was spent today in the Mini composite Nifty profile of 10550- 10750 and it was a neutral day where the Buyers and Sellers jostled for control. The early auction was dominated by sellers at the open but responsive buying was seen on the probe lower to 10550. The sellers of yesterday were also […]
Evening MarketProfile report dated 04th June
An open higher than the Friday close was swiftly rejected and the A period crashed through the profile of Friday in both the Nifty and the BankNifty creating value lower through the day. Through the day there were attempts made to “thin out” the supply and the best bounce of the day measured 60 points. […]
Weekly outlook for week dated 04th June to 8th June ( spot prices)
Last week settlement was done in the Nifty at 10724 in a late probe upwards which was retraced by Friday. The vwap of the just concluded May series is at 10669 spot and the weekly close on Friday was a shade higher neat 10696 spot. We outlined our reasons for the 10730- 10750 spot zone […]
Evening MarketProfile report dated 01st June
The first day of the new series of June was a balanced profile in the NF and the BNF which closed at the lows and near the POC of the previous session. There was evidence of responsive buying at the close. Nifty June F: The NF Open was an OAOR The day […]
Evening MarketProfile Report dated 30th May
A lower open saw no additional selling in the first hour and the Nifty rose to test the vwap of yesterday’s neutral extreme trade where responsive selling pushed it lower before a retrace to vwap back near the close. The 2 way auction showed 2 players auctioning for control but the Buyer managed to hold […]
Nifty – A review through MarketProfile
In this video, we take a look at how the information from a MarketProfile chart can help you understand market behavior and keep you ahead in anticipating the moves of the market. Click here to see the video in HD. MarketProfile is about trading on market generated info. The video explains how simple things like […]
Evening MarketProfile Report dated 29th May
After being forced away from the Open for 2 straight sessions on Friday and Monday, the sellers struck back aggressively today midafternoon and managed to shave off 100 points from the session highs flipping the bias of the series around again. There was heavy sell side pressure from 10684- 688 around noon which forced some […]