Evening MarketProfile report dated 27th Aug

An Open drive changed the auction around and we go a break away from the 3-1-3 profile of last week with a close at the upper extreme. Settlement music is playing over 11650 call writers and even 11700 call writers who should fuel the next leg of this settlement move upwards. Destination objective of the break away from 11620 is at 11735- 11752 and the immediate outlook would be to see is we get volume over 11750 immediately. The 11650 zone is now a support.  A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-27th-to-31st-august/ It is the same MarketProfile view working for…

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Weekly outlook for the week dated 27th to 31st August

We are already onto the settlement week and Options expiration Thursday is in 4 sessions.   The series of August so far has been traded with a vwap of 11396 ( spot) in the Nifty   August has been traded with a vwap of 27840(spot) in the BankNifty.   Incidentally, the BankNifty closed the week on Friday near the series vwap.   Largest volume during this series has been traded at 11400 though there is almost equal volume at 11475 which looks a near identical volume pocket on Volume at Price charts. Last week in the Nifty volume was built at 11570 which…

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Evening MarketProfile report dated 24th Aug

The auction on Friday was again different in both the Nifty and the BankNifty. The Nifty opened as an open auction and tested the zone below 11550 where it did not again see new supply . It closed near the DPOC/ Vwap of day at 11570. Incidentally, 11570 was also the weekly POC. The BankNifty opened as an Open Test drive and went on to test the Initiative seller from Thursday’s auction at 28170- 28200. Supply overwhelmed demand at this pivot and the inability of the open buyers to protect vwap on the test led to long liquidation and a…

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Evening MarketProfile report dated 23rd Aug

The auction on thursday drove lower at the open and was noticeable at the end of C period that there was no new supply coming into the market. The BankNifty made new lows below C but it had more to do with the Thurs Opex than anything else. The path of least resistance remains upwards and the Nifty objective of 11660F above 11505 on shorter-term charts is still good. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-20th-to-24th-aug/ It is the same MarketProfile view working for a 1- 5 day period on the Nifty and the BankNifty spot without worrying about the…

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Evening MarketProfile report dated 21st Aug

The auction on Tuesday was in the same zone as Monday’s upper-value area and indicated an acceptance of the higher prices in the auction. The path of least resistance continues to be upwards till sellers initiate a new auction lower on volumes. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-20th-to-24th-aug/ It is the same MarketProfile view working for a 1- 5 day period on the Nifty and the BankNifty spot without worrying about the movement of the premium which is a sticky issue now. Nifty Aug F:       The NF Open was an Open auction The day type was a…

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Evening MarketProfile report dated 20th Aug

The auction on Monday in the Nifty opened higher than Friday’s profile and auctioned above the 2-week bracket the Nifty had been in. The close was in a P shaped profile at the highs. Support for the auction now has moved to 10500 with an objective set at 10653 and 10660 F A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-20th-to-24th-aug/ It is the same MarketProfile view working for a 1- 5 day period on the Nifty and the BankNifty spot without worrying about the movement of the premium which is a sticky issue now. Nifty Aug F:        …

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