Evening Report dated 05th April
The Nifty opened gap up and drove from the open in a Normal Variation setup. The auction spent time initially in the upper distribution of yesterday’s profile which had aggressive sellers and neutralized them before closing at the highs. Up overhead is the last of the supply at 10380- 10415 from March and if that […]
Evening Report dated 03rd Jan ’18
The auction of Wednesday went back up and tested the scene of crime left behind by the spike of Monday. It met responsive selling on the upward probe and the sellers pushed the index lower to the POC of Tuesday’s profile at the close. We are seeing the current leg of the auction trapped between two volume […]
Evening report trade dated 11th March
There was evidence again in Friday’s auction that the step 2 of the auction from 68xx levels is over and the markets were poised to rally again in the coming week. We look to see if we get confirmation of the same
Evening report trade dated 08th March
From Friday – “We got evidence in Friday’s Market that the IPM had slowed down and we could be going in a sideways market for the duration of the coming week. The range remains 7230- 7630 for this second stage” Moore confirmation came by today and we set ourselves up for a sideways move.
Evening report trade dated 04th March
We got evidence in Friday’s Market that the IPM had slowed down and we could be going in a sideways market for the duration of the coming week. The range remains 7230- 7630 for this second stage
Nifty/ BN Weekly View (spot) for 07 March- 11March
From a 52 week low to closing the weekly session at session highs, the mood of the Nifty changed along with the bias of several traders including us. We are now short term positive and subject to dips holding 7230 in the next few weeks we aim for 7604 immediately, 7834 next and 8136 in the weeks to […]
Evening report trade dated 03rd March
We mentioned yesterday about MarketProfile not supporting shorts yet and early sellers of the open had to make a hasty retreat as value kept it’s march up and the NF closed again near session highs. It’s still an IPM mode in NF whereas BNF could me moving to or already in Step 2.
Evening report trade dated 02nd March
Value got created upwards today and even though there were signs of profit booking in long positions, the MarketProfile structure is not supportive of short positions being opened here. We had poor highs today and the dip buyers who showed up on that one dip to 7325 mid afternoon today, confirm that the trend has […]
Evening report trade dated 01st March
We got the much-awaited confirmation on the change of short term trend today and we played it with Long Nifty Futures + Long 7200 CE + Long April 7400 CE. We anticipate the buying tail to take us to 7410 spot and Orderflow in the region between 7410- 7520 should decide the next move to […]
NF/ BNF updated composites- 29/02
The NF clocked 310 L in vols today and the BNF dd 76 L. Here are the updated composites