Evening MarketProfile report dated 02nd May

Value went sideways today in both the Nifty and the BankNifty in an indication that the momentum we had seen from settlement afternoon is waning and the markets would be ready to balance and maybe correct a bit from here. We have pointed out the 10750 spot zone as a critical point for the auction at least for the week which is underway and there was no visible attempt to auction above it today. The short-term weekly outlook for the Nifty and the plan we intend to follow is at –https://vtrender.com/weekly-outlook-for-the-week-dated-30th-april-to-4th-may/ Nifty May F:       The NF Open…

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Evening MarketProfile report dated 23rd April

An auction which rose higher and hit 10623 was met with responsive selling and gave up most of the gains by the close. Our stated objective of the move was for the auction to do 10727 F by this settlement but the resistance building up, has forced us to clear our long positions near 10610F earlier today. Whilst we still believe that there are 100 points left on the table, but with settlement around in 3 days, we want to be chasing that last 100 points above 10630 F preferably with a new long position and a small stop of…

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Evening MarketProfile report dated 19th April 2018

We got an inside day in the Nifty on low range and volume participation today. The volume was only 56.3L one of the lowest in the series and the range of 35 points told us that the longer time frame or OTF as we call them was missing. The BankNifty balanced lower today and even that profile was Gaussian. Our anticipation would be a trend day coming from these profiles. An exit of value and range is the next low-risk high reward trade. The short-term weekly outlook for the Nifty and the plan we intend to follow is at – https://vtrender.com/weekly-hypos-for-the-week-dated-16th-april-to-20th-april/ Nifty…

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Evening MarketProfile Report dated 18th April 2018

We expected the Nifty to test 10499F and had mentioned the same in yesterday’s posts for the Intraday auction and the Nifty rose higher to meet responsive selling at 10590 F. The dip which followed was met with very strong responsive buying again in the 10520 F zone just like we saw yesterday. It’s been a feature of the series of  April where the Buyer if unable to chart a course higher has moved quickly into the lower prices to shut the door on aspiring sellers. We had seen this at 10370 F on the 11th and we saw something…

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