Weekly outlook for the week dated 20th to 24th Aug

Last week in the Nifty and the BankNifty showed a sideways profile with value going sideways confirming the presence of a bracket or a balance as we call in MarketProfile. The composite POC for this balance is around 11400 and we expect further rotations around this pivot for the week ahead.   The higher levels visualized are near 11550 if that pivot is held. Dips to 11300 would remain buys. We maintain what we said in the weekly update at the start of this new series of August – //As we move deep into the first week of the new series…

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Evening MarketProfile report dated 16th Aug

A gap down was bought aggressively in the Nifty at the Open but the visit to the POC again saw responsive sellers in a day which was a Neutral Center in both the Nifty and the BankNifty. Neutral days would tell us that the market is interested in this zone to create a Balance or a Bell curve and one should not look for a trending move away from this composite till the bell matures. A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-13th-to-17th-aug/  It is the same MarketProfile view working for a 1- 5 day period on the Nifty and the…

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Evening MarketProfile report dated 14th Aug

The auction of Tuesday moved over the sell side profile of Monday and closed at session highs. The day was marked by the presence of the longer time frame player at the Open. A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-13th-to-17th-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 test drive The day type was a Normal variation  day Largest volume was traded…

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Evening MarketProfile report dated 13th Aug

A gap down at the Open on Monday saw an OAOR and a market which sustained mostly below the 10420F zone pointed out in the weekly report made on the weekend. The sellers were able to keep prices lower and closed the day lower. A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-13th-to-17th-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…

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