Evening Report dated 22nd Feb ’18

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The Nifty and the BankNifty one again traded mostly within the range of the session high- lows from yesterday. The settlement was done mostly around 10376 Feb F which is the rollover volume we track into March coming series. The series of Feb got traded with a vwap of 10632 which turns out to be […]

Evening Report dated 21st Feb ’18

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The Nifty and the BankNifty were inside the range established yesterday for one more session today making it a triple inside day pattern. Post the trend day of Friday which saw follow up lower on Monday we are seeing a seller in control of the auction.  The auction of today, however, has confirmed a balance […]

Evening Report dated 20th Feb ’18

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The Nifty and the BankNifty were inside the range established yesterday. Post the trend day of Friday which saw follow up lower yesterday we are seeing a seller in control of the auction. Though the day ended in a spike lower we saw another range extension lower both in the Nifty and the BankNifty. Spike […]

Evening Report dated 15th Feb ’18

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The Nifty visited the FA of yesterday but on the probe upwards met a whole lot of responsive sellers who managed to push the index down to day lows in the neutral center day. The BankNifty visited the POC of yesterday’s profile and went downwards. We have had two back to back neutral days in […]

Evening Report dated 12th Feb ’18

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The Nifty futures gapped yet again but this was a smaller gap up which filled quickly in the first hour and the Nifty moved higher from that point. We are seeing a sideways range develop in the Nifty and the BankNifty and most of the coming week should be spent in this range. To understand […]

Evening Report dated 09th Feb ’18

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The Nifty futures gapped down yet again from Thursday’s close and opened at the POC of the profile dated 6th Feb from where strong responsive buying emerged to push the Nifty higher into the close. However, the upmove above 10440 looked sluggish and the auction now is clearly balancing after the big down move stretching […]

Evening Report dated 08th Feb ’18

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The Nifty futures traded in the upper area of the 2 distributions we are seeing in the markets this week. We had an Open test drive today on low volume which pulled back later in the afternoon but a bulk of the trade occurred above 10510 F, unlike yesterday. Broadly speaking we are now seeing […]

Evening Report dated 07th Feb ’18

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The Nifty futures gapped up today and were met with an Open Rejection Reverse or ORR as we would like to call it. It ensured a close at the lower point of the day though there was turbulence in the middle period as morning shorts covered and the market waited for the RBI news to […]