Evening MarketProfile report dated 18th May
The nifty stayed below the spike lows on Friday establishing a sell-side bias early in the session. The late buyers seen on Thursday had to reverse their positions quickly and the Nifty dropped to 10586 by the close. There was also big responsive buying into the close as the Nifty tested the 10600 mark yesterday. The gains […]
Evening MarketProfile report dated 17th May
The nifty drove down below 10765 early at the open and stalled around 10728 for a considerable amount of time in a b shaped profile. There was a spike at the close from 10728 to 10680 F but we saw evidence of strong responsive buying in the spike. The 10660 vpoc from 04/05 is the immediate […]
Evening MarketProfile Report dated 16th May
The nifty gapped down at the open today and the responsive buying which was expected showed up at the end of the first hour to take the Nifty Futures to 10813 by 1 pm. But just around the prices of the last hour of trade in the Nifty, we saw a sharp responsive seller emerge […]
Evening MarketProfile report dated 15th May.
As results poured in from the state elections in Karnataka, the auction in the Nifty and the BankNifty futures was a dual auction led by Buyers for the first hour and then sellers into the close . We saw a classic Open Drive in the morning which measured 160 points from the open. The expectation was […]
Evening MarketProfile report dated 14th May
I had mentioned in Friday’s report that the spike zone of Friday’s auction was an important reference area to pick up the day bias for the session dated Monday. The Nifty opened in the spike and crossed above the spike highs which it sustained for over 2 hours. But once it came into the spike […]
Evening MarketProfile report dated 11th May
The auction of Friday was a Normal variation day which took out the supply at 10767-10780 and closed in a spike at 10825. Spike rules apply at the Open on Monday. The 10767- 10780 zone could serve as a support on dips. The second level of support is near 10700. The short-term weekly […]
Evening MarketProfile Report dated 07th May
The responsive buying which we saw the past two days in the Nifty at the lows brought about the expected move today. The NF was 20 points short of the expected 10765 at the close. We feel this area requires a fresh scrutiny and the Nifty may try to probe the zone deeply. Post today’s move […]
OrderFlow charts dated 07th May 2018
OrderFlow charts dated 07th May 2018
Evening MarketProfile report dated 04th May
The nifty dipped today below the lows of Thursday’s profile but for the second straight day we saw responsive buying coming at the lows. Supply is clearly missing on the probes lower which would point to the Nifty retracing and checking for intent first at 10715 and later at 10765. The Banknifty was an inside day […]
Evening MarketProfile Report dated 03rd May
The nifty dipped today as we had expected and mentioned in our daily report yesterday but the dip saw a strong responsive buyer show up who promptly pushed the index back to the day center in a neutral center day. Neutral day rules play out tomorrow as the auction was matched almost equally by sellers […]