Evening MarketProfile Report dated 30th May

A lower open saw no additional selling in the first hour and the Nifty rose to test the vwap of yesterday’s neutral extreme trade where responsive selling pushed it lower before a retrace to vwap back near the close. The 2 way auction showed 2 players auctioning for control but the Buyer managed to hold the 10540 levels well. The short-term weekly outlook for the Nifty and the plan we intend to follow is at  – https://vtrender.com/weekly-outlook-for-week-dated-28th-may-to-1st-june/ Nifty May F:       The NF Open was an OAOR The day type was a Normal variation  day Largest volume was traded…

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Nifty – A review through MarketProfile

In this video, we take a look at how the information from a MarketProfile chart can help you understand market behavior and keep you ahead in anticipating the moves of the market. Click here to see the video in HD. MarketProfile is about trading on market generated info. The video explains how simple things like a vwap of a series or the POC ( highest volume point of a bar) can help and keep you head of the other participants in the market and give your trading an additional edge. Price is an advertising mechanism Volume is the measure of…

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Evening MarketProfile report dated 28th May

For the second straight session, we opened just near the highs of the previous session and probed higher immediately at the open catching late shorts of Friday off guard in the first 30 minutes of trade. We got another P profile with value higher on the day. 10620 is the reference level for the rest of the settlement week after today’s early move.   The short-term weekly outlook for the Nifty and the plan we intend to follow is at  – https://vtrender.com/weekly-outlook-for-week-dated-28th-may-to-1st-june/ Nifty May F:       The NF Open was an OTD The day type was a Normal Variation  day…

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Evening MarketProfile report dated 23rd May

The anticipation built yesterday near the close (which was in the upper quadrant of a Normal day) of a move higher to 10585/90 for a test was quickly snuffed out by a lower open which stayed below 10520 putting pressure on late longs of Tuesday and Wednesday. The long liquidation which followed the break of the Normal day profile in the NF and the BNF put the Nifty at the vwap of April series near 10416 where we saw a higher than average exchange of volume.  There is an added level of supply for the market aftet today’s auction near 10480-…

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Evening MarketProfile Report dated 22nd May

The Nifty and the Banknifty put in a Normal day in the markets today. A Normal day is a day when the entire range of the session is contained within the first hour of trade and there are no extensions. A normal day is also a market wanting to reassess, post an imbalance move. The sellers have been very dominant in the past few sessions with an average range of 108 points, in each of the past there sessions, and today’s lower range of 65 points is at best a pause. It is also a market returning back to Balance from…

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