Weekly outlook for the week dated 13th to 17th Aug

From Last week’s report-   //Of particular importance to us was the move on Friday whose lows near 11294 spot can serve as an important short-term pivot for the rest of this series if held by Buyers.   The higher levels visualized are near 11490 if that pivot is held. Dips to 11300 would remain buys.//   The auction hit a high of 11495 during the week and Friday- 03/08 lows were not violated.   Last week’s report can be read at – https://vtrender.com/weekly-outlook-for-the-week-dated-6th-aug-to-10th-aug/   We are seeing supply coming back around 11500 spot. The area around 11590- 11610 represents longer-term objectives of…

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Evening MarketProfile report dated 10th Aug

The selling seen on Thursday before the close kept the indices lower and it visited the extension highs of Wednesday’s profile. The auction was evenly matched at the close and new selling was not visible. 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- 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 auction The day type was a Normal variation  day Largest volume…

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