Evening MarketProfile report dated 02nd May
Value went sideways today in both the Nifty and the BankNifty in an indication that the momentum we had seen from settlement afternoon is waning and the markets would be ready to balance and maybe correct a bit from here. We have pointed out the 10750 spot zone as a critical point for the auction […]
Evening MarketProfile report dated 30th April
We got a second P shaped profile in the Nifty in the auction dated 30th April with a POC of 10764. The earlier P with POC of 10723 is a support now and the market shows signs of short covering. Value is still higher and indicating that the path of least resistance continues to be […]
Evening MarketProfile report dated 27th April 2018
We auctioned above the spike highs early at the open in an Open test drive which converted to a P shaped Profile at the close. Quite clearly the late sellers of yesterday were caught off guard and the Nifty and the BankNifty closed at session highs. A P shaped profile has a reference area around the […]
Evening MarketProfile Report dated 26th April
Settlement of April series was done at the highest point in a spike which came later afternoon and ensured a close at the highs. Spike rules would apply immediately at the open for the intra day context and the idea would be to see if buyers respond if prices probe to 10603 May F again. […]
Evening MarketProfile report dated 25th April
Long liquidation set in the markets today and the Nifty retraced to the Buy zone near 10520 – 10530 where we had seen Buyers respond previously. However, there is weariness at the higher levels and settlement day tomorrow is most likely to be an inside day within the range of 10520- 10620 established today. Beyond that […]
Evening MarketProfile report dated 23rd April
An auction which rose higher and hit 10623 was met with responsive selling and gave up most of the gains by the close. Our stated objective of the move was for the auction to do 10727 F by this settlement but the resistance building up, has forced us to clear our long positions near 10610F […]
Weekly outlook for the week dated 23rd April to 27th April
Last week the Nifty progressed higher again in terms of value with a close at the highest point. It was the third straight week where value progressed higher after the inside week broke higher at the start of the new series of April ( refer chart below). There is a clear indication of Initiative buying […]
Evening MarketProfile report dated 20th April
A lower open on Friday was bought again by the Bulls as the Nifty closed in a spike at 10585 in the closing minutes. We have been witness to a strong responsive buyer operating in the 10520 F zone who is responding to any lower prices whereas an adamant seller seen at 10590F on any […]
Evening MarketProfile Report dated 18th April 2018
We expected the Nifty to test 10499F and had mentioned the same in yesterday’s posts for the Intraday auction and the Nifty rose higher to meet responsive selling at 10590 F. The dip which followed was met with very strong responsive buying again in the 10520 F zone just like we saw yesterday. It’s been […]
Evening MarketProfile report dated 13th April.
Our expectation at the close of yesterday’s session was a push by the buyers to 10540 F. The Nifty April F hit a high of 10527 today before some sharp responsive selling came to turn the day around in a neutral day type. The presence of Buyers and Sellers who exhibit an equal amount of […]