Evening MarketProfile report dated 30th April
We got a second P shaped profile in the Nifty in the auction dated 30th April with a POC of 10764. The earlier P with POC of 10723 is a support now and the market shows signs of short covering. Value is still higher and indicating that the path of least resistance continues to be […]
MarketProfile charts dated 30th April 2018
MarketProfile charts dated 30th April 2018
Weekly outlook for the week dated 30th April to 4th May.
Settlement of April series was done at the highest point in a spike which came late afternoon and ensured a close at the highs. A follow up above the spike highs on Friday ensured that the Bulls retained full control over the week yet again. The April series closed with a vwap of 10420 in […]
Evening MarketProfile report dated 27th April 2018
We auctioned above the spike highs early at the open in an Open test drive which converted to a P shaped Profile at the close. Quite clearly the late sellers of yesterday were caught off guard and the Nifty and the BankNifty closed at session highs. A P shaped profile has a reference area around the […]
MarketProfile charts dated 27th April 2018
MarketProfile charts dated 27th April 2018
Evening MarketProfile Report dated 26th April
Settlement of April series was done at the highest point in a spike which came later afternoon and ensured a close at the highs. Spike rules would apply immediately at the open for the intra day context and the idea would be to see if buyers respond if prices probe to 10603 May F again. […]
MarketProfile charts dated 26th April 2018
MarketProfile charts dated 26th April 2018
Evening MarketProfile report dated 25th April
Long liquidation set in the markets today and the Nifty retraced to the Buy zone near 10520 – 10530 where we had seen Buyers respond previously. However, there is weariness at the higher levels and settlement day tomorrow is most likely to be an inside day within the range of 10520- 10620 established today. Beyond that […]
MarketProfile charts dated 25th April 2018
MarketProfile charts dated 25th April 2018
Evening MarketProfile Report dated 24th April
We saw one more time today, what we have been witness to all of the series of April. A move lower was quickly bottled up by Buyers as the responsive activity once again flustered bears and the Nifty closed near session highs. With 2 days left for settlement what is visible clearly is the seller […]