Evening MarketProfile Report dated 16th May
The nifty gapped down at the open today and the responsive buying which was expected showed up at the end of the first hour to take the Nifty Futures to 10813 by 1 pm. But just around the prices of the last hour of trade in the Nifty, we saw a sharp responsive seller emerge […]
Evening MarketProfile report dated 15th May.
As results poured in from the state elections in Karnataka, the auction in the Nifty and the BankNifty futures was a dual auction led by Buyers for the first hour and then sellers into the close . We saw a classic Open Drive in the morning which measured 160 points from the open. The expectation was […]
MarketProfile charts dated 15th May 2018
MarketProfile charts dated 15th May 2018
Evening MarketProfile report dated 14th May
I had mentioned in Friday’s report that the spike zone of Friday’s auction was an important reference area to pick up the day bias for the session dated Monday. The Nifty opened in the spike and crossed above the spike highs which it sustained for over 2 hours. But once it came into the spike […]
Weekly Outlook for week dated 14th May to 18th May ( spot prices)
Last week I anticipated a rise to 10767 F in the Nifty May F and responsive selling to emerge from there on the retest. You can do a quick read through of last week’s post based on MarketProfile at – https://vtrender.com/weekly-outlook-for-the-week-dated-7th-may-to-11th-may/ From a low 10645 F on Monday the Nifty rose to 10766 on Tuesday where […]
Evening MarketProfile report dated 11th May
The auction of Friday was a Normal variation day which took out the supply at 10767-10780 and closed in a spike at 10825. Spike rules apply at the Open on Monday. The 10767- 10780 zone could serve as a support on dips. The second level of support is near 10700. The short-term weekly […]
OrderFlow charts dated 11th May 2018
OrderFlow charts dated 11th May 2018
Evening MarketProfile report dated 10th May
The auction of Thursday was mostly inside the range of yesterday’s profile but structured downwards. In these 2 sessions, we are now seeing 2 identical volume pockets at 10722 and at 10776 hinting at the presence of large players. In MarketProfile we tend to look at the commitment of players to an auction. We also pay attention […]
Evening MarketProfile report dated 09th May
The responsive buying seen yesterday were able to push the Nifty past the 10767 F hurdle today. The auction stalled near 10788 later in the day on some booking of longs, especially at 10778 F. Regardless we see 10746 as a good cushion for longs for the rest of the week. The expected move of the […]
Evening MarketProfile report dated 08th May
The Nifty stalled at 10766.85 which was the zone we expected for the move. But from there we got a slide down to the 10680- 10690 F zone where responsive buying emerged as we had expected. The beauty of MarketProfile remains an ability to get an insight into the process from point A to Point […]