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 […]

Levels and Plan for 30th Nov

In Friday’s session we closed above the series vwap of November but not strongly above the 7930- 50 zone we have been watching from July.We are carrying a bullish bias into Monday and looking for a move above 7999F to confirm the same.

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 24th Nov

The NF pushed back into the balance zone of 7820- 7860 today, effectively cancelling the spike of Friday. The seller of 7885 is seen marginally prevailing over the old buy business from 7777.

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 […]

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.