Evening MarketProfile report dated 8th June
A gap down at the Open led to an Open auction but there was a strong responsive Buyer who showed at the close cutting off existing supply and ensuring that the markets closed near the highs. The VAH of the composite was well defended and the Nifty closed as a neutral day type. A weekly […]
Evening MarketProfile report dated 07th June
A steady upmove dominated by buyers in the first half of the session met an extremely strong responsive seller at 10807 around 1.20 in the lunch hour who flipped the auction around and the Nifty gave up most of it’s gains. The volume noticed at 10807 today was as big as the one we saw at […]
Evening MarketProfile report dated 04th June
An open higher than the Friday close was swiftly rejected and the A period crashed through the profile of Friday in both the Nifty and the BankNifty creating value lower through the day. Through the day there were attempts made to “thin out” the supply and the best bounce of the day measured 60 points. […]
Evening MarketProfile Report dated 30th May
A lower open saw no additional selling in the first hour and the Nifty rose to test the vwap of yesterday’s neutral extreme trade where responsive selling pushed it lower before a retrace to vwap back near the close. The 2 way auction showed 2 players auctioning for control but the Buyer managed to hold […]
Nifty – A review through MarketProfile
In this video, we take a look at how the information from a MarketProfile chart can help you understand market behavior and keep you ahead in anticipating the moves of the market. Click here to see the video in HD. MarketProfile is about trading on market generated info. The video explains how simple things like […]
Evening MarketProfile report dated 28th May
For the second straight session, we opened just near the highs of the previous session and probed higher immediately at the open catching late shorts of Friday off guard in the first 30 minutes of trade. We got another P profile with value higher on the day. 10620 is the reference level for the rest of […]
Trading Room charts dated 24th May
Trading Room charts dated 24th May
Evening MarketProfile report dated 23rd May
The anticipation built yesterday near the close (which was in the upper quadrant of a Normal day) of a move higher to 10585/90 for a test was quickly snuffed out by a lower open which stayed below 10520 putting pressure on late longs of Tuesday and Wednesday. The long liquidation which followed the break of the […]
Evening MarketProfile Report dated 22nd May
The Nifty and the Banknifty put in a Normal day in the markets today. A Normal day is a day when the entire range of the session is contained within the first hour of trade and there are no extensions. A normal day is also a market wanting to reassess, post an imbalance move. The […]
Evening MarketProfile Report dated 21st May
The highs at the open today in the Nifty futures found aggressive sellers and a bit of long liquidation pushing the index again lower by 100 points to 10521. Once more supply was seen drying up at 10520- 25 and at 25730 in the BankNifty. But the damage has been done to the structure today […]