Evening MarketProfile report dated 23rd Aug

The auction on thursday drove lower at the open and was noticeable at the end of C period that there was no new supply coming into the market. The BankNifty made new lows below C but it had more to do with the Thurs Opex than anything else. The path of least resistance remains upwards and the Nifty objective of 11660F above 11505 on shorter-term charts is still good. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-20th-to-24th-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…

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Evening MarketProfile report dated 21st Aug

The auction on Tuesday was in the same zone as Monday’s upper-value area and indicated an acceptance of the higher prices in the auction. The path of least resistance continues to be upwards till sellers initiate a new auction lower on volumes. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-20th-to-24th-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…

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