Evening report trade dated 19th Jan
Bulls managed to pull a bit back today after 2 successive spikes and many values going lower. We are developing high volumes around 7430- 7440 with 3 POC’s here in past 3 sessions. 7430 -40 being last week’s lows as well as the area where the heavy volumes had come on Friday close
Evening report trade dated 18th Jan
It was another spike to close off the day. Earlier we opened within the spike but the initial demand near 7400 was easily overwhelmed by supply starting from 7450 levels and long liquidation was seen in the closing hour.
Evening report trade dated 15th Jan
A Spike in the NF and the BNF brought a close to the week. OrderFlow showed the selling to be dominated by Banknifty sellers who managed a break of the 3-1-3 profile seen on Thursday.
Evening report trade dated 14th Jan
We had a repeat of yesterday’s auction with Buyers at the lows and sellers showing up again near 7600 levels. The Larger Move is now in Step 2 of the Distribution post the IPM from 7950 levels. The next trending move is only when this part of the distribution is settled.
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.