22/01/12
A spike into the close left NF with poor highs and and a small buying tail which was from the base of the previous day’s breakout region.Spike rules will apply at the open on Monday morning with an open above friday’s high confirming that the move late on friday afternoon had delta and momentum going […]
17/01/12
A break from the balance zone created a trend like early morning which took the NF within 10 points of the high volume zone of 4998.It was an Open drive out of range and value in itself a strong indicator of longer time frame presence. The single prints from 4914 to 4944 confirmed the same. […]
16/01/12
The profile chart shown is friday morning’s update now shows up as above.The profile is balancing out though a move below 4863 will balance it further. Headlines from Europe will dominate the sesssion on Mondy morning,. US markets are closed on Monday. The BankNifty profile shows value going sideways after a 45 degree climb.It is […]
13/01/12
After the big trend day and the open drive on the 10th, stocks haven’t done a lot but have managed to stay in the upper end of the trend day’s profile. The above chart is a combined auction picture of the past three days. On a trend day it is often difficult to see value […]
11/01/12
The break from the value area high of the composite profiles in NF and Bn was clean and we had a trending move out which measured about 100 points in the Nifty and 260 points in the BN. Value was created higher which showed a mix of buying as well as short covering taking place. […]
10/01/12
The day to day activity is not giving us any edge when it comes to organising market behavior and waiting for the direction to clear. So I have attached composite profiles to filter the noise out and see what the market has done from the 3rd of Jan this year. The answer- actually nothing. But- […]
09/01/12
A big neutral day in both indices where we saw a range extension on one side and a triple range extension on the other. With a pull back late in the day erasing the gains from what would have been a 3I day otherwise, the market is back at the closing level it has chosen […]
06/01/12
I tweeted a while earlier on my twitter handle- This was posted in the trading room earlier today- [09:14] Shai : 2 ref points today- 4737 a pull back low- mkt is negative below it & 4794 a previous HVN- mkt is positive above it.Rolled over over for tom’s session 🙂 Both my levels were […]
05/01/2012
Nifty : The Nifty did enough on a neutral center day to keep both buyers and sellers interested for the coming session and with even chances. For the day a pull back towards POC and the bounce towards 4800 was in keeping with the trend from yesterday and the fact that buyers were in control. […]
04/01/2012
We had a trend day today after a balanced profile yesterday.Even though it didn’t start off from the value area and range of yesterday, the O below D seen in the charts above and the single prints at the bottom of the profile were enough indications that longer term interest was moving the markets today […]