Evening MarketProfile report dated 04th July

The supply we had seen yesterday was overpowered by another round of responsive buying near 10680 early in the IB and the Nifty managed a trade above 10720 subsequently to finish at session highs. The day was again a Normal Variation day. I’m speaking in depth on using MarketProfile the correct way in Hyderabad on July 7th. Details at – https://vtrender.com/marketprofile-in-hyderabad/ A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-02nd-july-to-6th-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…

Read More

Evening MarketProfile Report dated 02nd July

The auction dropped early in the morning from 10700 but met a lot of responsive buying on the way down. It hit the 10600 mark which we pointed out in the weekly report and bounced to close at the halfway mark. For the duration of the week to come we maintain that it could be a flattish auction probing the zones around 10570 and 10740. I’m speaking in depth on using MarketProfile the correct way in Hyderabad on July 7th. Details at – https://vtrender.com/marketprofile-in-hyderabad/ A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-02nd-july-to-6th-july/ It is the same MarketProfile view working for a…

Read More

Evening MarketProfile report dated 29th June

Thursday’s move on long liquidation led by old business was retraced entirely by the market in Friday’s auction. It’s the nature of settlement days to look at existing inventory management or as we in MarketProfile call it “old business”. The earliest MarketProfiers always knew of managing price action based on old versus new business. Old business does not start a good new trend. We closed Friday at the edge of the June composite balance and as we move into the new series of July, we wait to see how new business responds to the opportunity price is advertising at these…

Read More

Evening MarketProfile report dated 28th June

The trend down which started from the composite balance yesterday continued lower today and the inventory adjustments on settlement day further fueled the move down to 10550 F today. The imbalance objective of the trend down sits at 10540 F ( 10514 spot) where we await fresh cues on what the auction wants to do next. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-25th-june-to-29th-june/ 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…

Read More

Evening MarketProfile report dated 25th June

The spike of Friday was retraced fully in the auction of the day and the Nifty closed at session lows giving up most of the gains of Friday. Day was inside and the Nifty closed well within the 20 day composite of the month. Even the BankNifty was an inside day with a stray tick at the open which did not fall within the auction of the session. The 2 way auction in BNF was within 26572 and 26797. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-25th-june-to-29th-june/ It is the same MarketProfile view working for a 1- 5 day period…

Read More

Evening MarketProfile report dated 20th June

The Nifty rose higher today and tested the breakdown zone where we noticed no new demand coming to support higher prices. The Banknifty met selling on the higher prices and could be the better short candidate for tomorrow’s settlement. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-18th-june-to-22nd-june/ 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 June F:       The NF Open was an Open auction testing supply The day type was…

Read More

Chat With us