Evening MarketProfile report dated 19th June

The Nifty and the BankNifty gapped lower today and below the support zone of 10770- 10790 held by responsive buyers. It was also a break away from the 6-day range the market has been trading in. Much depends on what kind of follow-up we get from this profile of today. The last time the Nifty traded this range, the next session was a gap up which forced short covering and the Nifty did not visit the range again for 6 sessions. Any followup below session lows would ensure a restest of the 10650 HVN and the buy zones of 10585-600.…

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Evening MarketProfile report dated 18th June

A low volume low range day ensured a mini balance and a Normal distribution within the larger balance curve the market has been in. This is a market which is getting ready to move and we should be ready for a trending move next. 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…

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Evening MarketProfile report dated 11th June

Monday was a gap up in the Nifty and the BankNifty and a slow probe up on reducing volumes for the rest of the Opening hour. However, volume turned sluggish midday and a probe by sellers in the last hour managed to erase most of the gains made during the day. The auction looks locked and uncertain in the 10740- 10840 F zone for the next 2 sessions but if sellers are unable to push it below 10740 and below the path looks upwards t0 a 10920 F revisit. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-fo-the-week-dated-11th-june-to-15th-june-spot-prices/ It…

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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 outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-week-dated-04th-june-to-8th-june-spot-prices/. 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:    …

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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 10655 early yesterday. It is the appearance of these Large Lot Traders or LLT’s as we call them which makes OrderFlow trading so exciting to watch. The Banknifty could not hold on to the vwap of the drive and gave up all the gains by…

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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. But on the whole, the seller was dominant and closed the session near the lows. The Profile of today points to 10715 and 10685 as major resistance for the days ahead. The path of least resistance has flipped lower and we expect higher prices to…

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