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 […]

Evening MarketProfile Report dated 16th May

The nifty gapped down at the open today and the responsive buying which was expected showed up at the end of the first hour to take the Nifty Futures to 10813 by 1 pm. But just around the prices of the last hour of trade in the Nifty, we saw a sharp responsive seller emerge […]

Evening MarketProfile report dated 15th May.

As results poured in from the state elections in Karnataka, the auction in the Nifty and the BankNifty futures was a dual auction led by Buyers for the first hour and then sellers into the close . We saw a classic Open Drive in the morning which measured 160 points from the open. The expectation was […]

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 […]