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 […]
MarketProfile charts dated 29th June
MarketProfile charts dated 29th June MarketProfile charts of the Nifty and the BankNifty May Futures updated to trade date 29th June
Evening MarketProfile report dated 28th June
The trend down which started from the composite balance yesterday continued lower today and the inventory adjustments on settlement day further fueled the move down to 10550 F today. The imbalance objective of the trend down sits at 10540 F ( 10514 spot) where we await fresh cues on what the auction wants to do […]
MarketProfile charts dated 28th June
MarketProfile charts dated 28th June MarketProfile charts of the Nifty and the BankNifty May Futures updated to trade date 28th June
Evening MarketProfile report dated 27th June
The markets trended lower today and well below the 10740 and 10725 levels seen yesterday and in the auctions before catching dip buyers and existing long inventory off guard and forcing lows of 10651 in the day. Near the close heavy volume was transacted at 10676 June Futures which could be the pivot for a […]
MarketProfile charts dated 27th June
MarketProfile charts dated 27th June MarketProfile charts of the Nifty and the BankNifty May Futures updated to trade date 27th June
Evening MarketProfile report dated 26th June
A lower open was bought and the Nifty retraced to the VAH of the Profile dated Monday where responsive selling emerged as expected and pushed the index lower by the close. The index is locked and the strategy working is to buy lows and sell the highs. A weekly outlook was updated on Saturday at […]
MarketProfile charts dated 26th June
MarketProfile charts dated 26th June MarketProfile charts dated 26th June MarketProfile charts of the Nifty and the BankNifty May Futures updated to trade date 26th June
Evening MarketProfile report dated 25th June
The spike of Friday was retraced fully in the auction of the day and the Nifty closed at session lows giving up most of the gains of Friday. Day was inside and the Nifty closed well within the 20 day composite of the month. Even the BankNifty was an inside day with a stray tick at […]
