Evening Report dated 11th April 2018

The Nifty drive lower at the open today in an Open test Drive but the seller could not capitalize his advantage gained through the Open and surrendered the advantage to the Buyer who sung it once more to session highs at 10240. The BankNifty hit the objective at 24950 as discussed in yesterday’s posts. Heading into […]

Evening Report dated 03rd Jan ’18

The auction of Wednesday went back up and tested the scene of crime left behind by the spike of Monday. It met responsive selling on the upward probe and the sellers pushed the index lower to the POC of Tuesday’s profile at the close. We are seeing the current leg of the auction trapped between two volume […]

Evening report trade dated 11th March

There was evidence again in Friday’s auction that the step 2 of the auction from 68xx levels is over and the markets were poised to rally again in the coming week. We look to see if we get confirmation of the same

Evening report trade dated 08th March

From Friday – “We got evidence in Friday’s Market that the IPM had slowed down and we could be going in a sideways market for the duration of the coming week. The range remains 7230- 7630 for this second stage” Moore confirmation came by today and we set ourselves up for a sideways move.

Evening report trade dated 04th March

We got evidence in Friday’s Market that the IPM had slowed down and we could be going in a sideways market for the duration of the coming week. The range remains 7230- 7630 for this second stage

Evening report trade dated 03rd March

We mentioned yesterday about MarketProfile not supporting shorts yet and early sellers of the open had to make a hasty retreat as value kept it’s march up and the NF closed again near session highs. It’s still an IPM mode in NF whereas BNF could me moving to or already in Step 2.

Evening report trade dated 02nd March

Value got created upwards today and even though there were signs of profit booking in long positions, the MarketProfile structure is not supportive of short positions being opened here. We had poor highs today and the dip buyers who showed up on that one dip to 7325 mid afternoon today, confirm that the trend has […]

Evening report trade dated 01st March

We got the much-awaited confirmation on the change of short term trend today and we played it with Long Nifty Futures + Long 7200 CE + Long April 7400 CE. We anticipate the buying tail to take us to 7410 spot and Orderflow in the region between 7410- 7520 should decide the next move to […]

Evening report trade dated 25th Feb

We were looking for a push down to close the series yesterday and we did get one today. However old business at 7000 PE fought valiantly to defend their positions near 41 and the spot closed the series near 6970. We mentioned about the push back in the bracket and are almost at bracket lows […]