Evening MarketProfile report dated 30th July

The Nifty put in a neutral day in the markets today. The Banknifty put in a Normal variation up. The neutral day in the Nifty announced the start of responsive sellers making progress in the auction which has been a one-time frame up from 19th July. In the 7th session today after the 19th of July, we had a south side extension which shows how strong the trend has been from 10950 upwards. Even that extension was short lived and the Nifty went through the IB again. But it told us that the sellers have finally decided to accept this…

Read More

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/ It is the same MarketProfile view working for a 1- 5 day period on the Nifty and the BankNifty spot without worrying about the movement of the premium which is a sticky issue now. Nifty July F:     The NF Open was an Open auction…

Read More

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 MarketProfile view working for a 1- 5 day period on the Nifty and the BankNifty spot without worrying about the movement of the premium which is a sticky issue now. Nifty July F:     The NF Open was an Open auction The day type was…

Read More

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 Nifty July Futures. With 3 day left for settlement, the bulls are looking for a reverse strike on the bears for the damage caused in the June series towards the close.  That late move of June was entirely settlement pressure and speaks about the impact inventory rebalancing…

Read More

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 and the BankNifty last week.   Into the coming settlement week we see the Nifty trading well above it’s series vwap of 10854 and doing a good job of holding the 10920 support pointed out in last week’s post.   The BankNifty is trading also…

Read More

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 extremes today and a rollover trade right in the middle. A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-16th-july-to-20th-july/ It is the same MarketProfile view working for a 1- 5 day period on the Nifty and the BankNifty spot without worrying about the movement of…

Read More

Chat With us