Estimates for 1st July

A 100 point down day, followed by a 100 point up day. It’s anybody’s guess where we go today. Yesterday’s rally in the afternoon was based on the assumption that the US markets would hold on to the yearly lows and rally. Well they didn’t. In fact they broke down and we are seeing the […]

Estimates for 30th June

Good Morning all. The market is trying to find value between 5225 and 5271 this morning. Let’s see how this plays out. —– 12.07 @ Manu,@ All, My views on the blog are for intra-day based on market profile levels with no prejudice towards long or short before the open price. I can take a […]

Estimates for 29th June

We have begun the first twenty minutes of trade well below the 5320 level. I had mentioned 5271-5320-5344-5367 as the levels to watch in this bracket which is emerging. Bracket trading is good and easy provided you understand it early. 5320 still is the pivot around which the other 2 levels can be reached. Viren […]

28TH June

We are still laboring in the 5271-5320 range mentioned on Friday morning, which has held notwithstanding a small rise to 5335 on news. This morning we have moved between 5293 and 5319. On the larger weekly timeframe, Nifty has managed to negotiate well the “wall of worries” mentioned 2 fridays’ back. So though we have […]

Profile Classroom

For our weekend notes on Market profile, I dug up an article written by Doug Tucker from his blog : http://tuckerreport.com/articles/market-profile-a-primer/. Mr Tucker begins of by admonishing believers of Gann, Elliot, Fibonacci, Moons and tides who have turned away from the market to “find a correlation between price action and unrelated causes” in his words. […]

Estimates for 25th June

Welcome all to a new series! The closing of 5320 in the NF would be an important ref level going forward. For Intra-day today, I will be watching price volume reactions at 5315/ 20 and at 5270 on the lower side. We should trade btw these levels for a large part of the day. ———— […]

EOD Update- Nifty Expiry.

For the record, the Vix formula outlined in my previous post failed today. Well we did operate in the range of 5276-5380 projected by the Vix and we did close above 5300, but the final close of 5320 fell far short of the projected 5380 top of the range we wanted. That is the first […]

Nifty Expiry- June

I intended to do this post in the evening, but ran into some problems with the NSE site which was flashing two different sets of Open Interest figures between 7.00 pm and 10.00 pm. The excruciating part was that there was a 20 % difference between the figures at 5300 CE, one showing covering at […]

Estimates for 23rd June

The market has opened around 5300 with the low of the day being 5299 so far. 2 points above our 5297 ref level, if this is protected then we will move up from here. Below 5297, the first level I see is 5276 and then 5246-58 from last week. US futures broke below 1104 levels […]

Estimates for 22nd June.

The open of today is outside of value but in range. The levels I am watching are 5325 and 5354 and beyond this are 5298 and 5378. Value for today in the Nifty is 5377-5365-5354 and in the Bank Nifty it is 9777-9756-9694. ————— 13.42 Uploading a chart of the Nifty future for the past […]