Evening MarketProfile report dated 25th July
Wednesday’s auction was well balanced and gaussian mostly dominated by locals and had we not seen rollovers in the settlement week , could have also been a low volume affair. Probability is high for a trending move away and the value areas should answer the right questions tomorrow. A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-23rd-july-to-27th-july/ […]
Evening MarketProfile report dated 24th July
The auction on Tuesday pushed higher above the close of Monday at the Open . However midway through the session, we saw a string of rollover trades happening in both the Nifty and the Banknifty. The path of least resistance continues to be upwards. A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-23rd-july-to-27th-july/ It is the same […]
Evening MarketProfile report dated 23rd July
The auction of Monday stayed above the POC of Friday. It was quiet for the most part of the day and it did look at one time that the sellers would push it lower below Friday POC by close, but towards the end a forced round of short covering ensured a close near 11100 in the […]
Weekly outlook for the week dated 23rd July to 27th July
The imbalance of the week prior in the Nifty and the BankNifty which has seen a 300 pointer weekly in the Nifty after 8 weeks was followed up by a balance in the markets. All MarketProfilers are fully aware that an imbalance is followed up by a balance and we saw the same happening in the Nifty […]
Evening MarketProfile report dated 19th July
The Nifty and the banknifty opened in range of yesterday’s trade and auctioned mostly in the lower half of the Double distribution seen yesterday. Structure in the Nifty is still that of a balanced composite between 10920 on the lower side and 11067 on the higher side. There was responsive selling and responsive buying at the […]
Weekly outlook for the week dated 16th July to 20th July
In the week gone by the Nifty and the BankNifty made decisive moves above the June composite profiles and the supply which was so dominant at 10820- 10840 zones. We have already seen an Open Drive UP at the start of the series and an Open Rejection Reverse at the start of the week which pointed to […]
Evening MarketProfile report dated 12th July
A gap up forced short covering and a P shaped profile emerged later in the day as bears tried to push back in the second half of the session. Along with the 10920 of yesterday, the bulls have managed another strong support at 11000 today along with the 10966 zone from yesterday which should keep […]
Evening MarketProfile report dated 10th July
The Nifty and the banknifty again gapped up and through an Open Test drive managed once more to finish in the upper quadrant in a repeat of the kind of auction we saw yesterday.Value was built higher again and one-time frame up behavior continued. I like to work with a plan and a top-down approach to […]
Evening MarketProfile report dated 09th July
The Nifty and the banknifty opened as an OAOR and created value higher in the day. Volume became sluggish later in the afternoon as both indices coiled in a very thin range on reducing volumes. The auction at the close suggested a pause and caution on the path of both the long and the short […]
Evening MarketProfile report dated 06th July
The Nifty and the Banknifty put in an Open Rejection reverse ( ORR) right at the open. The ORR would tell a MarketProfiler that the longer time frame is again active in the markets and would defend the lows of the auction. The ORR of Friday showed non-acceptance of the auction below 10718 and is our […]