Evening MarketProfile report dated 10th Aug

The selling seen on Thursday before the close kept the indices lower and it visited the extension highs of Wednesday’s profile. The auction was evenly matched at the close and new selling was not visible. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-6th-aug-to-10th-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 Normal variation  day Largest volume…

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Evening MarketProfile report dated 08th Aug

The BankNifty broke away and hit the expected 28140 putting in a 3IB day. The Nifty also moved above the supply zone of 11435-11444 which now is a short-term support zone. PLR ( Path of least resistance) remains higher and is upto the sellers to Initiate moves to change the auction nature. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-6th-aug-to-10th-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…

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Evening MarketProfile report dated 07th Aug

A quiet low volume low range auction in the Nifty and the Banknifty on Tuesday set up a Normal Variation in the Nifty and a Normal day in the BankNifty. The opportunity for a largish break away from balance is in the BankNifty tomorrow which is the index to watch closely from the Open. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-6th-aug-to-10th-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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Weekly outlook for the week dated 6th Aug to 10th Aug

The first week of the new series of August saw an auction going up the first two days, then down for the next 2 sessions and finally up on Friday. So it was clearly rotational behavior.   Of particular importance to us was the move on Friday whose lows near 11294 spot can serve as an important short-term pivot for the rest of this series if held by Buyers.   The higher levels visualized are near 11490 if that pivot is held. Dips to 11300 would remain buys. We maintain what we said last weekend in the weekly update – //As we…

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Evening MarketProfile report dated 03rd Aug

The Nifty out in an Open drive from the POC and the BankNifty put in an Open Test Drive from the POC of yesterday. These were the strongest indication of the Longer Time Frame being present in the auction and we had a trend up close at the highs. The biggest lesson you can learn as a student of Auction Market Theory is to recognize a Trend day and not short on a Long Trend Up day. Longs made money today. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-6th-aug-to-10th-aug/ It is the same MarketProfile view working for a 1-…

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