Weekly outlook for the week dated 10th Sept to 14th Sept

Last week’s sharp downtrend in the Nifty and especially the banknifty caught many traders including us off guard. The Nifty worked a range of an extremely high 338 points which is twice the average it does on a weekly. The BN worked a range of 1060 points. The vix hit a high of 14 but was unable to make a decisive move above 14.2 levels. The elevated vix levels and the higher ranges promise more volatility in the holiday-shortened week ahead. If vix manages a move past 14.2 in the week it would bring substantial more pressure on the markets.…

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Evening MarketProfile report dated 07th Sept

The dual auction which has been aggressively dominated by bears this last week continued on Friday but for a change, after the first 30 minutes of the session, the sellers stayed away and the Buyers dominated the auction on Friday to close at the highest point. The auction tested the Failed auction zone at 11650F where we had seen supply twice in the week gone by. After being absent for most of the session the sellers showed up again aggressively at the close near 11640 levels. On the OrderFlow charts, we witnessed heavy selling which was as big as the responsive…

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Evening MarketProfile report dated 06th Sept

For the drop in the Nifty from 11775F, we have been calling for a balance and we saw the first evidence of it today. But the day was not a quiet balance but highly volatile and in a big range where we saw yesterday’s big buyer at 11470 being tested again. We mentioned that he would be tested and he was. But the test produced a sharp responsive buying again from the lows and the Nifty hit the VPOC at 11600 F again. There was again sharp selling/ long liquidation on the move above 11580F today and the 11580- 11600…

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OrderFlow charts dated 06th Sept

OrderFlow charts dated 06th Sept OrderFlow charts – 30 min duration of the Nifty and the BankNifty Sept Futures showing the Buy side and the sell side imbalances   Trading order flow allows a trader to see the specific price where a trade has hit the market, along with the volume of that trade. This information is extremely valuable and allows a trader to generate substantial revenue by using this information to trade.

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MarketProfile charts dated 06th Sept

MarketProfile charts dated 06th Sept MarketProfile charts of the Nifty and the BankNifty Sept Futures updated to trade date 06th 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

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Evening MarketProfile report dated 05th Sept

The Nifty was neutral extreme at the close yesterday. This morning opened in range but once IB was done found acceptance and value below the neutral extreme of yesterday which was an indication it itself that the bias had moved to a short. In the afternoon session we saw a Large Lot trader at 11470 who attempted to push the index back up again. The ensuing bounce from a low of 11437 to a high of 11531 measured 94 points and was the biggest one ahead of the one from 11578 to 11649 which measured 71 points and we saw on Friday.…

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