Evening MarketProfile report dated 09th May
The responsive buying seen yesterday were able to push the Nifty past the 10767 F hurdle today. The auction stalled near 10788 later in the day on some booking of longs, especially at 10778 F. Regardless we see 10746 as a good cushion for longs for the rest of the week. The expected move of the […]
Evening MarketProfile report dated 08th May
The Nifty stalled at 10766.85 which was the zone we expected for the move. But from there we got a slide down to the 10680- 10690 F zone where responsive buying emerged as we had expected. The beauty of MarketProfile remains an ability to get an insight into the process from point A to Point […]
Evening MarketProfile Report dated 07th May
The responsive buying which we saw the past two days in the Nifty at the lows brought about the expected move today. The NF was 20 points short of the expected 10765 at the close. We feel this area requires a fresh scrutiny and the Nifty may try to probe the zone deeply. Post today’s move […]
Weekly outlook for the week dated 7th May to 11th May
Last week we anticipated the Nifty to run into some hurdles near 10760 spot and dip lower to restest 10610 on the spot. From a high of 10784 in the week the Nifty dipped to 10601 on Friday in line with the auction which was expected. The test of 10760 is not complete and […]
Evening MarketProfile report dated 04th May
The nifty dipped today below the lows of Thursday’s profile but for the second straight day we saw responsive buying coming at the lows. Supply is clearly missing on the probes lower which would point to the Nifty retracing and checking for intent first at 10715 and later at 10765. The Banknifty was an inside day […]
OrderFlow charts dated 04th May 2018
OrderFlow charts dated 04th May 2018
MarketProfile charts dated 04th May 2018
MarketProfile charts dated 04th May 2018
Evening MarketProfile Report dated 03rd May
The nifty dipped today as we had expected and mentioned in our daily report yesterday but the dip saw a strong responsive buyer show up who promptly pushed the index back to the day center in a neutral center day. Neutral day rules play out tomorrow as the auction was matched almost equally by sellers […]
Evening MarketProfile report dated 02nd May
Value went sideways today in both the Nifty and the BankNifty in an indication that the momentum we had seen from settlement afternoon is waning and the markets would be ready to balance and maybe correct a bit from here. We have pointed out the 10750 spot zone as a critical point for the auction […]
Evening MarketProfile report dated 30th April
We got a second P shaped profile in the Nifty in the auction dated 30th April with a POC of 10764. The earlier P with POC of 10723 is a support now and the market shows signs of short covering. Value is still higher and indicating that the path of least resistance continues to be […]