Weekly outlook for the week dated 23rd April to 27th April
Last week the Nifty progressed higher again in terms of value with a close at the highest point. It was the third straight week where value progressed higher after the inside week broke higher at the start of the new series of April ( refer chart below). There is a clear indication of Initiative buying […]
Evening MarketProfile report dated 20th April
A lower open on Friday was bought again by the Bulls as the Nifty closed in a spike at 10585 in the closing minutes. We have been witness to a strong responsive buyer operating in the 10520 F zone who is responding to any lower prices whereas an adamant seller seen at 10590F on any […]
MarketProfile charts dated 20th April 2018
MarketProfile charts dated 20th April 2018
Evening MarketProfile report dated 19th April 2018
We got an inside day in the Nifty on low range and volume participation today. The volume was only 56.3L one of the lowest in the series and the range of 35 points told us that the longer time frame or OTF as we call them was missing. The BankNifty balanced lower today and even that […]
MarketProfile charts dated 19th April 2018
MarketProfile charts dated 19th April 2018
Evening MarketProfile Report dated 18th April 2018
We expected the Nifty to test 10499F and had mentioned the same in yesterday’s posts for the Intraday auction and the Nifty rose higher to meet responsive selling at 10590 F. The dip which followed was met with very strong responsive buying again in the 10520 F zone just like we saw yesterday. It’s been […]
MarketProfile charts dated 18th April 2018
MarketProfile charts dated 18th April 2018
Evening MarketProfile Report dated 17th April 2018
Coming into the session, we knew of Buyers in the 10490- 10500 F zone who would support any move lower. The Plan played out perfectly and the dip of 50 points was bought into and the Nifty closes near the highs of the session in the upper quadrant. We are watching the volume action around […]
Evening MarketProfile report dated 16th April 2018
Coming into the session, we were aware that the Nifty was Neutral with a responsive seller at 10525 and responsive buying at 10460. The lower open of the Nifty on Monday was an Open Rejection reverse or an ORR type of Market Profile open. It was a lot more slower than other opens of these […]
Weekly hypos for the week dated 16th April to 20th April
The week gone by was a quiet and uneventful week in the markets as the Nifty and most of the global markets turned in the lowest weekly range since February. Traders in our markets have been obsessing with a look west policy as volatile moves in the US markets over the past 2 months have […]