Evening MarketProfile report dated 26th July
On settlement day the auction opened up and on the move down met responsive buyers who closed the series at the highs. Unlike last series which closed at the lows, this was a series dominated by the Buyers and closed near the highest point. A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-23rd-july-to-27th-july/ It is the […]
Evening MarketProfile report dated 25th July
Wednesday’s auction was well balanced and gaussian mostly dominated by locals and had we not seen rollovers in the settlement week , could have also been a low volume affair. Probability is high for a trending move away and the value areas should answer the right questions tomorrow. A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-23rd-july-to-27th-july/ […]
MarketProfile charts dated 25th July
MarketProfile charts dated 25th July MarketProfile charts of the Nifty and the BankNifty May Futures updated to trade date 25th July
Evening MarketProfile report dated 24th July
The auction on Tuesday pushed higher above the close of Monday at the Open . However midway through the session, we saw a string of rollover trades happening in both the Nifty and the Banknifty. The path of least resistance continues to be upwards. A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-23rd-july-to-27th-july/ It is the same […]
Evening MarketProfile report dated 23rd July
The auction of Monday stayed above the POC of Friday. It was quiet for the most part of the day and it did look at one time that the sellers would push it lower below Friday POC by close, but towards the end a forced round of short covering ensured a close near 11100 in the […]
Weekly outlook for the week dated 23rd July to 27th July
The imbalance of the week prior in the Nifty and the BankNifty which has seen a 300 pointer weekly in the Nifty after 8 weeks was followed up by a balance in the markets. All MarketProfilers are fully aware that an imbalance is followed up by a balance and we saw the same happening in the Nifty […]
Evening MarketProfile report dated 20th July
We got another ORR ( Open Rejection Reverse) in the Nifty and the BankNifty today. Those of you who have attended our MarketProfile workshops have seen the effectiveness of these drives already. The ORR of Friday follows up on the Open Drive of 29th June and the ORR of 6th July whose lows are secure […]
Evening MarketProfile report dated 19th July
The Nifty and the banknifty opened in range of yesterday’s trade and auctioned mostly in the lower half of the Double distribution seen yesterday. Structure in the Nifty is still that of a balanced composite between 10920 on the lower side and 11067 on the higher side. There was responsive selling and responsive buying at the […]
Evening MarketProfile report dated 18th July
The Nifty and the banknifty opened as an OAOR for over 2 hours at the edge of yesterday’s profile and last week highs. It did not find willing buyers and sloped back into the mini balance again targeting Monday lows. Near the lows in the Nifty, we saw supply diminishing but the Banks showed a […]
Weekly outlook for the week dated 16th July to 20th July
In the week gone by the Nifty and the BankNifty made decisive moves above the June composite profiles and the supply which was so dominant at 10820- 10840 zones. We have already seen an Open Drive UP at the start of the series and an Open Rejection Reverse at the start of the week which pointed to […]