Evening MarketProfile report dated 09th July
The Nifty and the banknifty opened as an OAOR and created value higher in the day. Volume became sluggish later in the afternoon as both indices coiled in a very thin range on reducing volumes. The auction at the close suggested a pause and caution on the path of both the long and the short […]
MarketProfile charts dated 09th July
MarketProfile charts dated 09th July MarketProfile charts of the Nifty and the BankNifty May Futures updated to trade date 09th July
Weekly outlook for the week dated 9th July to 13th July
The open drive on 29th June and the Open rejection reverse at 10716 on 6th July have established good supports at 10600 and 10700 as we finished week 1 of the new series of July. Right overhead is the supply at 10820- 10840 which we have been repeatedly pointing out since the last series. The […]
Evening MarketProfile report dated 06th July
The Nifty and the Banknifty put in an Open Rejection reverse ( ORR) right at the open. The ORR would tell a MarketProfiler that the longer time frame is again active in the markets and would defend the lows of the auction. The ORR of Friday showed non-acceptance of the auction below 10718 and is our […]
Evening MarketProfile report dated 05th July
The Nifty and the Banknifty consolidated on the gains made yesterday. The profile was gaussian at the close indicating acceptance of the higher value. Bulls would be happy to drive prices above the value of today. However, a failure would mean some major long liquidation coming up. I’m speaking in depth on using MarketProfile the […]
MarketProfile charts dated 05th July
MarketProfile charts dated 05th July MarketProfile charts of the Nifty and the BankNifty May Futures updated to trade date 05th July
Evening MarketProfile report dated 04th July
The supply we had seen yesterday was overpowered by another round of responsive buying near 10680 early in the IB and the Nifty managed a trade above 10720 subsequently to finish at session highs. The day was again a Normal Variation day. I’m speaking in depth on using MarketProfile the correct way in Hyderabad on […]
MarketProfile charts dated 04th July
MarketProfile charts dated 04th July MarketProfile charts of the Nifty and the BankNifty May Futures updated to trade date 04th July
Evening MarketProfile Report dated 02nd July
The auction dropped early in the morning from 10700 but met a lot of responsive buying on the way down. It hit the 10600 mark which we pointed out in the weekly report and bounced to close at the halfway mark. For the duration of the week to come we maintain that it could be a […]
Evening MarketProfile report dated 29th June
Thursday’s move on long liquidation led by old business was retraced entirely by the market in Friday’s auction. It’s the nature of settlement days to look at existing inventory management or as we in MarketProfile call it “old business”. The earliest MarketProfiers always knew of managing price action based on old versus new business. Old […]
