Evening MarketProfile report dated 31st Aug

On the first day of the new series of September, the auction swept up higher at the open to test the highs of the week, where responsive selling emerged to push the index lower and back to the open price. Near the lows of 11690, a second round of responsive buying was seen similar to the one we witnessed on settlement Thursday. The auction in the Nifty closed as a Normal distribution having tested the highs and lows of the previous 3 sessions. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-03rd-sept-to-07th-sept-spot-prices/   Nifty Sept F:     The NF Open…

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Evening MarketProfile report dated 29th Aug

A spike into the close today upset a neat little balance in the Nifty and the bank nifty today which confirmed the auction in the 11725-11750 zone seen yesterday. Spike rules apply at the open with easy to trade markers at session lows of today. A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-27th-to-31st-august/ We have since moved away from the 3-1-3 view highlighted over the weekend and could close the series at the highest point subject to 11700 F holding. Nifty Aug F:         The NF Open was an Open auction The day type was a Normal  day Largest volume was…

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Evening MarketProfile report dated 28th Aug

We got a Normal day in the markets today as balance returned to the auction especially in the Nifty after 2 sessions. The open rejection of the morning was met with sharp responsive buying/ short covering and once again the indices closed near their highest point. Into settlement week the theme remains short covering and all dips are likely to be met with short selling covering positions especially the calls. After the 11600 and 11650 call writers covered yesterday, it was the turn of the 11700 writers who have covered most of their short positions as of today’s close. The focus is…

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