Evening MarketProfile report dated 11th July

The one-time frame up seen since the start of the new series of July showed signs of a pause today and value moved sidewards as responsive sellers appeared at the highs. However, bulls managed to hold the critical 10920 level well and that along with the 10897 will keep the buyer interested as we move into phase 2 of the distribution. We are anticipating a move down to 10850 to check for demand before another move in the auction. I like to work with a plan and a top-down approach to the market. A yearly and monthly outlook is updated…

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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 the open which did not fall within the auction of the session. The 2 way auction in BNF was within 26572 and 26797. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-25th-june-to-29th-june/ It is the same MarketProfile view working for a 1- 5 day period…

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Evening MarketProfile report dated 18th June

A low volume low range day ensured a mini balance and a Normal distribution within the larger balance curve the market has been in. This is a market which is getting ready to move and we should be ready for a trending move next. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-18th-june-to-22nd-june/ 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 June F:       The NF Open was an Open auction testing…

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Evening MarketProfile report dated 12th June

Most of the auction of Tuesday in the Nifty was a repeat of the auction of Monday including the volume drop from 10835. But what changed was the response from 10810F which ensured an auction close at near-term supply. From such a close, we shift focus to the A period where a drive on volume can change things. But if that does not come about then the Nifty could continue meeting selling on these probes. The BankNifty finished as an inside day today. A normal and a normal variation day should set up a trending move in the BankNifty next. A weekly…

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Evening MarketProfile Report dated 06th June

At the close of RBI day 2 things stood out from the Profile – 1) we remained within the 9 day composite balance of 10750- 10550 and having defended 10550 and the auction not finding willing new business there it seems to have made up it’s mind to test the supply around 10730- 10750 F again. and 2) the Range expansion happened and we got a 126 point range within the old balance. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-week-dated-04th-june-to-8th-june-spot-prices/. 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 05th June

Day 8 was spent today in the Mini composite Nifty profile of 10550- 10750 and it was a neutral day where the Buyers and Sellers jostled for control. The early auction was dominated by sellers at the open but responsive buying was seen on the probe lower to 10550. The sellers of yesterday were also seen responding to the higher prices at 10630 F, the levels pointed out yesterday. A neutral day profile is followed up by a Normal variation profile or a trend day profile. So we should be looking for a range expansion tomorrow. There is a minor…

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