Evening report trade dated 11th Jan
We gapped down today and the Prop shops used the opportunity to book minor shorts and enter some longs. However, there was no short covering seen by FII’s. Closure of old business took the market higher but sellers came back heavily at the highs reducing the advantage enjoyed by bulls during the day
Nifty/ BN Weekly View (spot) for 11 Jan- 15 Jan’16
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Evening report trade dated 07th Jan
We gapped below a neutral extreme in a market which was already in imbalance. A gap is single prints in Market Profile and the trend day seen post the gap reaffirms the bearish sentiment.It’s getting risky to launch new short positions but the index is not showing signs of the downtrend ending yet.
Evening report trade dated 06th Jan
A swift rejection of VAH early in the afternoon set up the trending move we were expecting and mentioned in yesterday’s post. The Profiles finished as neutral extremes.
Evening report trade dated 05th Jan
We got a balance today again after the imbalance seen yesterday. Both the NF and the BNF sported gaussian profiles at the close and point to another trending move.
Evening report trade dated 04th Jan
On a Volume of 163 L we saw a swift rejection of the low volume profiles of the last 15 days and the close came just under the vwap of the December series.Whilst the selling did get emotional below 7850, fact remains that it was a high volume trend day sell off and we will […]
Levels and Plan for 4th Jan
We got a double distribution on Friday on very poor volume of 58L. 7958 is roughly the extension point and we look to Monday open to see if we stay above or below this point at the open to qualify the move seen late Friday
Nifty/ BN Weekly View (spot) for 04 Jan- 08 Jan’16
The dec series finished with a vwap of 7804 and the short covering seen in the last 10 days of the series would keep the immediate bias up above 7800 in the early part of the new series. In the weekly there is immediate support near 7925 above which the bulls should feel comfortable early […]
Nifty and BankNifty in 2015 and Lookahead 2016
The Month of December was again 2 timeframes like most of 2015 was. And we got a balanced yearly profile to round things off. Earlier at the start of the month, we ran a poll on the expected yearly close as the Nifty stood between the dpoc of 8300 versus the 2014 POC of 7550 […]
Levels and Plan for 16th Dec
We got further confirmation today of the balance forming and the market reluctant to auction below 7625F. However, selling was still seen at session highs and the seller seen to be persisting for now.