Evening report trade dated 28th Jan
Settlement day was a timid affair and writers came out winners. Day remained inside for the third day and we all know that it would be an explosive move away from this bracket when it comes. The Jan series closed at the POC 7425 and has a vwap of 7523. Looking for a drive away […]
Evening report trade dated 27th Jan
At the close of the session today the Nifty was inside Monday’s range and forming a Gaussian curve with a POC near 7440 which incidentally also happens to be the largest trade exchange price or POC of the January contract. Settlement day is tomorrow and a part of me is feeling that this 7440 zone […]
Evening report trade dated 25th Jan
We had a 2-way auction on Monday. A higher open met with responsive sellers who pushed the auction down to the POC again before some buying came back into the market again.
Evening report trade dated 22nd Jan
The open of Friday was above the Pull back high (PBH ) of Thursday. If you have been with us in this Market Profile journey for a while, then you would know that PBH are all about inventory adjustment. On Friday, the market found itself on the wrong side of Thursday’s PBH and rallied off […]
Evening report trade dated 21st Jan
A gap up instead of getting new buyers saw eager sellers piling in to sell as well as long liquidating which was enough to drop the index 148 points before a recovery came from about the same place as yesterday. The close was again lower on day.
Evening report trade dated 20th Jan
3 days of rotation around the POC of 7437, the scene of last week’s sharp pullback was broken today in a gap down which continued lower leaving excess again .We started looking at this move early Jan with a 7260 objective but as we hit that today, we are not running ahead and calling it […]
Evening report trade dated 19th Jan
Bulls managed to pull a bit back today after 2 successive spikes and many values going lower. We are developing high volumes around 7430- 7440 with 3 POC’s here in past 3 sessions. 7430 -40 being last week’s lows as well as the area where the heavy volumes had come on Friday close
Evening report trade dated 18th Jan
It was another spike to close off the day. Earlier we opened within the spike but the initial demand near 7400 was easily overwhelmed by supply starting from 7450 levels and long liquidation was seen in the closing hour.
Evening report trade dated 15th Jan
A Spike in the NF and the BNF brought a close to the week. OrderFlow showed the selling to be dominated by Banknifty sellers who managed a break of the 3-1-3 profile seen on Thursday.
Evening report trade dated 14th Jan
We had a repeat of yesterday’s auction with Buyers at the lows and sellers showing up again near 7600 levels. The Larger Move is now in Step 2 of the Distribution post the IPM from 7950 levels. The next trending move is only when this part of the distribution is settled.