Evening Report dated 11th April 2018

The Nifty drive lower at the open today in an Open test Drive but the seller could not capitalize his advantage gained through the Open and surrendered the advantage to the Buyer who sung it once more to session highs at 10240. The BankNifty hit the objective at 24950 as discussed in yesterday’s posts. Heading into […]

Evening Report Dated 10th April 2018

The Nifty opened just above the previous day’s range and had an open auction all through the day advertising opportunity. Prominent was 2 rounds of selling at 10425 but which failed to go below the POC of the previous day at 10392. In the BankNifty we saw an attempt to balance today effectively bringing an end to […]

Evening Report dated 09th April

The Nifty opened near the POC of Friday profile and quickly moved higher to 10414 where we saw responsive selling coming back. The day was a Normal day in a P shaped profile which showed a round of early short covering in the market. The BankNifty was also a P and value migrated higher one […]

Weekly hypos week dated 9th April to 13th April ( spot prices)

The first week of the new series of April was an eventful one as we saw 2 days of a rise and then a day of fall which was followed up by another 2 days of rise. Market breadth was good through the week and the McClellan oscillator (MO) which we track for market breadth hit […]

Evening Report dated 06th April

The Nifty opened in the range of Thursday profile on the last day of the week and proceeded as an OAIR for most of the day with a prominent POC at 10336. An attempt to auction higher into the close was met with no demand and sellers showing up at the higher prices yet again. […]