Evening MarketProfile Report dated 02nd July

The auction dropped early in the morning from 10700 but met a lot of responsive buying on the way down. It hit the 10600 mark which we pointed out in the weekly report and bounced to close at the halfway mark. For the duration of the week to come we maintain that it could be a […]

Weekly outlook for the week dated 02nd July to 6th July

We spoke of the stopping volume a 10820- 10840 spot repeatedly in our weekly reports through the month of June. We have seen repeatedly supply round 10820 for continuous sessions in our OrderFlow charts. However, the support built around 10700 spot was frustrating sellers most of the days. In the week gone by the sellers […]

Evening MarketProfile report dated 29th June

Thursday’s move on long liquidation led by old business was retraced entirely by the market in Friday’s auction. It’s the nature of settlement days to look at existing inventory management or as we in MarketProfile call it “old business”. The earliest MarketProfiers always knew of managing price action based on old versus new business. Old […]

Evening MarketProfile report dated 28th June

The trend down which started from the composite balance yesterday continued lower today and the inventory adjustments on settlement day further fueled the move down to 10550 F today. The imbalance objective of the trend down sits at 10540 F ( 10514 spot) where we await fresh cues on what the auction wants to do […]

Evening MarketProfile report dated 27th June

The markets trended lower today and well below the 10740 and 10725 levels seen yesterday and in the auctions before catching dip buyers and existing long inventory off guard and forcing lows of 10651 in the day. Near the close heavy volume was transacted at 10676 June Futures which could be the pivot for a […]

Evening MarketProfile report dated 26th June

A lower open was bought and the Nifty retraced to the VAH of the Profile dated Monday where responsive selling emerged as expected and pushed the index lower by the close. The index is locked and the strategy working is to buy lows and sell the highs. A weekly outlook was updated on Saturday at […]

Evening MarketProfile report dated 25th June

The spike of Friday was retraced fully in the auction of the day and the Nifty closed at session lows giving up most of the gains of Friday. Day was inside and the Nifty closed well within the 20 day composite of the month. Even the BankNifty was an inside day with a stray tick at […]

Weekly outlook for the week dated 25th June to 29th June

Last week we spoke of a bias around 10815-10825 spot based on the auction of the week prior. For 4 of the 5 sessions, the Nifty stayed below 10815 and only a spike on Friday took it above the zone for a close at the pivot point. The inability of sellers to force the market […]

Evening MarketProfile report dated 22nd June

A trend day in the Nifty and the BankNifty on Friday ensured a close near session highs and a revisit to the Failed auction ( FA)  zone of 10838 on day T+5. Auctions have a way of working and the process looks complicated on the outside but trading setups like FA are a must in […]