Evening MarketProfile Report dated 18th April 2018
We expected the Nifty to test 10499F and had mentioned the same in yesterday’s posts for the Intraday auction and the Nifty rose higher to meet responsive selling at 10590 F. The dip which followed was met with very strong responsive buying again in the 10520 F zone just like we saw yesterday. It’s been […]
MarketProfile charts dated 18th April 2018
MarketProfile charts dated 18th April 2018
Evening MarketProfile Report dated 17th April 2018
Coming into the session, we knew of Buyers in the 10490- 10500 F zone who would support any move lower. The Plan played out perfectly and the dip of 50 points was bought into and the Nifty closes near the highs of the session in the upper quadrant. We are watching the volume action around […]
MarketProfile charts dated 17th April 2018
MarketProfile charts dated 17th April 2018
Evening MarketProfile report dated 16th April 2018
Coming into the session, we were aware that the Nifty was Neutral with a responsive seller at 10525 and responsive buying at 10460. The lower open of the Nifty on Monday was an Open Rejection reverse or an ORR type of Market Profile open. It was a lot more slower than other opens of these […]
MarketProfile charts dated 16th April 2018
MarketProfile charts dated 16th April 2018
Weekly hypos for the week dated 16th April to 20th April
The week gone by was a quiet and uneventful week in the markets as the Nifty and most of the global markets turned in the lowest weekly range since February. Traders in our markets have been obsessing with a look west policy as volatile moves in the US markets over the past 2 months have […]
Evening MarketProfile report dated 13th April.
Our expectation at the close of yesterday’s session was a push by the buyers to 10540 F. The Nifty April F hit a high of 10527 today before some sharp responsive selling came to turn the day around in a neutral day type. The presence of Buyers and Sellers who exhibit an equal amount of […]
MarketProfile charts dated 13th April 2018
MarketProfile charts dated 13th April 2018
Evening MarketProfile Report dated 12th April 2018
Wednesday’s auction was a telling one as the Nifty dove to 10360 which was an opportunity for the seller to exert control. However, we saw responsive buying in that auction and we mentioned yesterday how the Seller had surrendered his advantage easily. In today’s tape the Buyers seized control right at the open and drove […]