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-…

Read More

Evening MarketProfile report dated 02nd Aug

We opened below Wednesday lows and traded within the 3 day composite today in an auction which closed at the lows. The Nifty was a Normal Variation down and the BankNifty was a Normal day. A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-30th-july-to-03rd-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 drive lower The day type was a Normal Variation day Largest volume…

Read More

Evening MarketProfile report dated 30th July

The Nifty put in a neutral day in the markets today. The Banknifty put in a Normal variation up. The neutral day in the Nifty announced the start of responsive sellers making progress in the auction which has been a one-time frame up from 19th July. In the 7th session today after the 19th of July, we had a south side extension which shows how strong the trend has been from 10950 upwards. Even that extension was short lived and the Nifty went through the IB again. But it told us that the sellers have finally decided to accept this…

Read More

Weekly outlook for the week dated 30th July to 03rd Aug

July settlement was done on Thursday with aa vwap of 10900 and a POC at 10960.  The BankNifty closed the July series with a vwap of 26738 and POC of 26910.   This is market generated information and allows us a glimpse of where the money and positions were created on a monthly scale and more.   The series vwap is expected to be a support into August series and dips to these numbers are Buy points.   As we move deep into the first week of the new series of August it would remain a Buy the Dips environment.…

Read More

Evening MarketProfile report dated 27th July

The first day of the new series of August saw an auction which was accepted well over the settlement volume point of July and gave a double distribution in the Nifty and a P shaped profile in the Banknifty. Bias continues to be up over 11155 Aug F which is the immediate support for a change in sentiment. A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-30th-july-to-03rd-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…

Read More

Chat With us