Levels and Plan for 2nd Dec
The expected trend day did not materialise today, but as every Market profiler out there knows, it’s been delayed not cancelled and the odds of seeing one have just increased over yesterday. Most People ask which direction the trending move would go to, but it’s not for the profiler to go ahead and predict, he […]
Levels and Plan for 1st Dec
We had a normal distribution in the markets today. A “Normal distribution” unlike what the name suggests is fairly uncommon and is often the reason for either a neutral extreme or even a trend day situation in the next session. Nifty Dec F: Background / Previous Auctions : Weekly levels: We […]
Levels and Plan for 27th Nov
We got a P shaped profile in today’s market. The P shape came after a balance in last week’s value area. The Market Profile Guru Pete Steidlmayer considers a balance, then a P ( or a b) to be the starting point of a new move. Today was settlement day and it is always a […]
Levels and Plan for 26th Nov
After being pushed back into the balance zone again on Monday, the NF continued to trade the balance zone on Tuesday setting up a possibility of a trending move late in the expiry session of Thursday.Expiry week is not the correct time to talk about the bias of the market, but even then the reaction to […]
Levels and Plan for 23rd Nov
Friday was again a 2-time frame market with a Buyer at the lows and previous session’s vwap and a seller at the KRA and the extension high of 7924. Overall the Nifty had a better weekly close after a gap down on Monday earlier and we wait to see early in the week if it […]
Nifty/ BN Weekly View (spot) for 23 Nov- 27 Nov’15
In last week’s report – “Friday was the first session since 8220- 8260 broke that we had an establishment of a balance. It would mean a pause in the downward momentum for now but the possibility of sellers coming back at higher levels remains”. We got a sideways profile but also an indication that a […]
Levels and Plan for 20th Nov
The market gapped up today and on the expected retest of 7777 mentioned in yesterday’s report, the sellers failed to hold their edge ( low of 7771) and the auction rose in the opposite direction on old business covering positions. Into the close there was an absence of new buying and structure remains sideways for […]
Levels and Plan for 19th Nov
Yesterday was a Neutral Center ( NC) and we made a mention of the 7820 Buyers and the 7876 F sellers in yesterday’s report. Once again we trended out of the NC as the 7820 buyers gave up after early morning resistance and the NF trended lower rest of the session to meet the Buying […]
Levels and Plan for 18th Nov
The day after the trend day was 2-time frame in auction behavior and closed as a neutral center just above vwap and day midpoint. A neutral center after a trend day (which is domination by a single time frame), shows the market accepting the higher prices as value. Yesterday’s reference levels remain the same on […]
Levels and Plan for 16th Nov
We got a neutral center in the NF in Friday’s session. We also note an FA at 7742 which saw a huge buying order enough to push the index up 54 points during the session. However, the close was at vwap and just like last Friday resembled a pause.