Weekly outlook for the week dated 17th Sept to 21st Sept

The weekly auction of 10th to 14th September played out exactly as the auction from 03rd to 7th of September. There was a drop in the first 2 and a half sessions of the week and a recovery in the last session. Friday was again an upmove day and with a close around marginally lower than the 11640 seen last  Friday. The August series vwap at 11444 broke during the week and as expected on the principles of Auction Market Theory, the Aug lows were tested. The lows measured 11250 spot against Aug lows of 11235. For the 2 weekly…

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Evening MarketProfile report dated 14th Sept

The Nifty futures opened gap up and the bounce we expected after hitting the objective of the down move at 11320 has played out. The higher open did not give sellers a chance to open shorts at the mentioned 11530 F levels, but there were attempts made to short near the 11490- 11500 zone as we have been mentioning. Into the close of the session dated Friday, our OrderFlow charts picked up significant sell side imbalances for the move above 11530 F and near the close at 11547 who may try to seize and drive an advantage on Monday at the…

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Evening MarketProfile report dated 12th Sept

A quiet open auction which was confined closely to the IB or the first hour of the trade broke away in the last 2 hours of trade again. The bounce was expected and played out on Wednesday From the auction of the day, we get an FA at 11297 which indicated tiredness on the path of bears to extend higher. The auction was an incomplete distribution at the close and again closed in imbalance for the second straight day. The 11430 zone is the first supply point and the 11465- 11480 is supply 2 for this auction where we expect…

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Evening MarketProfile report dated 11th Sept

The Nifty was a quiet auction, for the most part, today and rotational around 11465. But in the last 2 hours, it dropped from 11465 to 11322 on good volumes. There was no responsive buying seen during the fall and bears had no trouble to drive it below 11400 which would be an early hint of much much more lower levels ahead. Our 2 objectives for short-term at 11400 and 11320 have been met and whilst the chances of a bounce tomorrow are higher, the larger auction still points to sellers selling the high levels. We see great opportunities to…

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Evening MarketProfile report dated 10th Sept

The OrderFlow at the close of the session on Friday hinted at responsive selling coming back into the index. We had mentioned about the same in Friday’s report– https://vtrender.com/evening-marketprofile-report-dated-07th-sept/. Today’s Open saw initiative sellers who quickly dropped the index below Friday’s 2 support levels of 11580 and 11550. Once 11550 was not taken back on the retest, the seller forced the index lower into the close. The Failed auction zone of 11652 which we have been repeatedly mentioning as an important pivot, stood firm on the retest and is the major supply zone for the rest of the series. Any upmove…

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MarketProfile charts dated 10th Sept

MarketProfile charts dated 10th Sept MarketProfile charts of the Nifty and the BankNifty Sept Futures updated to trade date 10th Sept A “market profile” presents a number of basic elements from the market in an easily understood graphic format , when analyzed properly. A trader must first learn to understand how the market works. This is a great benefit, it actually forces a trader to learn and understand the key market concepts that lead to successful trading Value is an important concept for both buyers and sellers of any items or service in any market. The same concept for buyers…

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