Evening MarketProfile report dated 10th Sept

The OrderFlow at the close of the session on Friday hinted at responsive selling coming back into the index. We had mentioned about the same in Friday’s report– https://vtrender.com/evening-marketprofile-report-dated-07th-sept/. Today’s Open saw initiative sellers who quickly dropped the index below Friday’s 2 support levels of 11580 and 11550. Once 11550 was not taken back on the retest, the seller forced the index lower into the close. The Failed auction zone of 11652 which we have been repeatedly mentioning as an important pivot, stood firm on the retest and is the major supply zone for the rest of the series. Any upmove…

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Weekly outlook for the week dated 10th Sept to 14th Sept

Last week’s sharp downtrend in the Nifty and especially the banknifty caught many traders including us off guard. The Nifty worked a range of an extremely high 338 points which is twice the average it does on a weekly. The BN worked a range of 1060 points. The vix hit a high of 14 but was unable to make a decisive move above 14.2 levels. The elevated vix levels and the higher ranges promise more volatility in the holiday-shortened week ahead. If vix manages a move past 14.2 in the week it would bring substantial more pressure on the markets.…

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Evening MarketProfile report dated 07th Sept

The dual auction which has been aggressively dominated by bears this last week continued on Friday but for a change, after the first 30 minutes of the session, the sellers stayed away and the Buyers dominated the auction on Friday to close at the highest point. The auction tested the Failed auction zone at 11650F where we had seen supply twice in the week gone by. After being absent for most of the session the sellers showed up again aggressively at the close near 11640 levels. On the OrderFlow charts, we witnessed heavy selling which was as big as the responsive…

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Evening MarketProfile report dated 06th Sept

For the drop in the Nifty from 11775F, we have been calling for a balance and we saw the first evidence of it today. But the day was not a quiet balance but highly volatile and in a big range where we saw yesterday’s big buyer at 11470 being tested again. We mentioned that he would be tested and he was. But the test produced a sharp responsive buying again from the lows and the Nifty hit the VPOC at 11600 F again. There was again sharp selling/ long liquidation on the move above 11580F today and the 11580- 11600…

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