Levels and Plan for 11th Dec
We got a failed auction at the lows today and a neutral extreme day. And the broader market went sideways for the first time in 7 sessions. This could be the end of the IPM from 8005 and start of Step 2.
Levels and Plan for 10th Dec
The IPM continues lower from 8005 and in today’s trade we hit 7627 with no sign of a balance forming yet. Remember IPM gets over only when we see a sideways going value and the charts below will not show you one yet. We have used AMT to test the counter trend moves all through […]
Levels and Plan for 9th Dec
The IPM which started from 8004 has done 295 points so far and value is still pushing lower. We broke below 7764 F today in a spike putting 7624- 7650 F into play for the rest of this week. Yesterday’s VAL was rejected today and auction shows value lower. However spike rules apply at the […]
Levels and Plan for 8th Dec
A gap up was not utilised by the bulls to add long exposure and the market drifted back into the previous session lows and even probed lower. We saw a mix of long liquidation and short covering in the OrderFlow today but since bulls are not making an attempt to drive prices higher, the path […]
Levels and Plan for 7th Dec
A neutral extreme on Thursday was followed by a neutral center on Friday. The IPM from 8005 NF is steadily pushing value lower and by Friday close had shaved off 195 points in 3 sessions. we did get a balance on Friday which could signal a pause or a consolidation next. Remember we are coming […]
Some OrderFlow Examples – 03/12/15
Through August and the volatile September, we’ve been seeing a change in the way the market is being approached and traded. The lot size change in November, (according to us) has helped identify some accurate levels in stocks but also we are increasingly noting the bigger players taking larger positions and trading shorter price durations in […]
Levels and Plan for 4th Dec
We got a neutral extreme day. The trend confirmation we were waiting for from 7970 is now playing out and the markets are back in imbalance.We see an FA at 7949F today which tells us even more that one-time frame is emerging stronger. As we move into a previous balance, the setups are compelling. Nifty Dec […]
Levels and Plan for 3rd Dec
The BankNifty trended sharply lower after the excess seen yesterday to the balance zone of 23- 26 Nov. The Nifty had a more casual drop on lower volumes and finished near vwap/ dpoc of the session. Moving a time frame higher, we see Nifty spot not entering the VAL mentioned in the weekly post to […]
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 […]