Evening report trade dated 13th Jan
It was 2 auctions rolled into 1 today. An initial probe down met with short covering/ buying which pushed the index back to the day highs. At the close the bulls had more reason to be happier on the day as they fought back from a losing position and forced bears to retreat. But the […]
Evening report trade dated 12th Jan
Today’s NF and BNF shows all categories establishing a short bias early at Open mostly through short calls, long puts and Index shorts, but at the lows, the Retail category seems to have got into some advantageous long index positions. Profile wise we dipped lower on a no- show by the Buyers early at the […]
Evening report trade dated 11th Jan
We gapped down today and the Prop shops used the opportunity to book minor shorts and enter some longs. However, there was no short covering seen by FII’s. Closure of old business took the market higher but sellers came back heavily at the highs reducing the advantage enjoyed by bulls during the day
Evening report trade dated 07th Jan
We gapped below a neutral extreme in a market which was already in imbalance. A gap is single prints in Market Profile and the trend day seen post the gap reaffirms the bearish sentiment.It’s getting risky to launch new short positions but the index is not showing signs of the downtrend ending yet.
Evening report trade dated 06th Jan
A swift rejection of VAH early in the afternoon set up the trending move we were expecting and mentioned in yesterday’s post. The Profiles finished as neutral extremes.
Evening report trade dated 05th Jan
We got a balance today again after the imbalance seen yesterday. Both the NF and the BNF sported gaussian profiles at the close and point to another trending move.
Evening report trade dated 04th Jan
On a Volume of 163 L we saw a swift rejection of the low volume profiles of the last 15 days and the close came just under the vwap of the December series.Whilst the selling did get emotional below 7850, fact remains that it was a high volume trend day sell off and we will […]
Levels and Plan for 4th Jan
We got a double distribution on Friday on very poor volume of 58L. 7958 is roughly the extension point and we look to Monday open to see if we stay above or below this point at the open to qualify the move seen late Friday
Levels and Plan for 16th Dec
We got further confirmation today of the balance forming and the market reluctant to auction below 7625F. However, selling was still seen at session highs and the seller seen to be persisting for now.
Levels and Plan for 15th Dec
Even though we dipped lower on Friday below 7625 and hit 7580 there was evidence in the market today that the move was emotional selling and the balance we have been speaking about since Thursday is upon us and now visible in the charts we track. The BNF which until Friday was looking as the stronger of […]