Evening report trade dated 24th Feb
We mentioned yesterday about the push back in the bracket and value went lower again today. The auction has the lows of 12/2 clearly in sight but we are looking for a further push down to close the series. It’s expiry plus the rail budget tomorrow and capital preservation will be the key mantra with […]
Evening report trade dated 23rd Feb
Today’s Open Drive answered this query we posed yesterday: ” The auction has to decide here to do the higher VPOC near 7320 or run down to rectify the FA at 7151. “. FA got visited as it should have in that last hour OrderFlow and we got a push back in the multi-day bracket. Spot […]
Evening report trade dated 19th Feb
We got a failed auction at the lows today in the Nifty and at 7151 but the attempt to go higher in the closing minutes of the session was met with heavy selling who closed it back near the previous session’s range.
Evening report trade dated 18th Feb
We got a neutral center today. I was telling the trading room today about how this series has been about neutral centers and neutral extremes only. It shows a strong 2-time frame mode active on bigger frames and is in line with our view of a balance developing in the 7300- 6800 bracket for the […]
Evening report trade dated 17th Feb
We hit that VPOC as we expected and the markets bounced off from it to go higher by 167 into the close. The 2-way auction began as soon as the VPOC was hit at 6980 (low of 6967 today) and it looked like a Normal day developing till we got a spike into the close.Spike […]
Evening report trade dated 16th Feb
The Open rejection Reverse (ORR) was the first sign of a reversal. The trip below trend day vwap and POC brought the confirmation and the 2 indices closed at session lows in an NV day setup.
Evening report trade dated 15th Feb
We trended up today and away from the Profile dated 02/12 into the supply from the profile dated 11/02. At the close the OrderFlow showed us sellers coming back into the rise but the profile was seen closing above the 7150 mark which did not point to major weakness yet. 7150- 7205 is the band […]
Evening report trade dated 12th Feb
Imbalance coming back to Balance and then going back into imbalance is a money making strategy if you know Market Profile well and understand all about Imbalances and Balances. Friday’s Market went two-time-frame after the one-way move of Thursday. We got a failed auction in the BankNifty and some excess at the lows in Nifty
Evening report trade dated 10th Feb
Finally a day when we didn’t have a textbook neutral , but two timeframes were clearly visible in the markets as strong responsive buyers came midafternoon to arrest the slide lower . We tracked the activity though vwap but the response was not good enough to take it above IBH or near the previous session’s VAL.
Evening report trade dated 09th Feb
Another neutral profile today bu we closed near day center and vwap. The gap down from the previous session range saw covering near 7296 but sellers continued to sell the highs near 7350.