Evening report trade dated 08th Feb

Another neutral profile and an extreme close. We are getting that day type by the dozens this series, and goes in line with our view of a sideways 200 point trading range for which we already have sold a 7400 straddle last week. 

Evening report trade dated 04th Feb

Another day and another neutral profile. This one was more balanced today and closed at vwap. It’s a 2-way zone now and profile continues to suggest a lower bias but the short term is balancing again. 

Evening report trade dated 03rd Feb

We got another neutral extreme in the markets today. This leg of the Auction down is eerily similar to the one we saw in January between 7435 and 7620 . In that bracket also we had witnessed a drop from 7510 levels which were not covered for a long time. The next day Jan18 the […]

Evening report trade dated 02nd Feb

RBI day saw 2 timeframes active in the market and a clash for control.  The first dip down to 7516 was bought by old business on the Buy side. However, they were not able to push the auction above VAH on the midafternoon pullback. The renewed selling which followed that auction pushed the buyers at […]

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 […]