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 […]

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 […]

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 […]

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 […]

Evening MarketProfile Report dated 17th April 2018

Coming into the session, we knew of Buyers in the 10490- 10500 F zone who would support any move lower. The Plan played out perfectly and the dip of 50 points was bought into and the Nifty closes near the highs of the session in the upper quadrant. We are watching the volume action around […]

Evening MarketProfile report dated 16th April 2018

Coming into the session, we were aware that the Nifty was Neutral with a responsive seller at 10525 and responsive buying at 10460. The lower open of the Nifty on Monday was an Open Rejection reverse or an ORR type of Market Profile open. It was a lot more slower than other opens of these […]