Estimates for 22nd July

Good Morning All. The markets seemed to be coiled up again this morning. I missed the entire day’s action yesterday, and am back just looking at my charts. Will post some charts and analysis in a bit. ————————- 10.16 Here is a chart of the Nifty future. We can see that the market is auctioning […]

Profile chart

Here is today’s volume profile chart of the Nifty Future. When the market comes off a balanced profile on a normal day, with a range extension that fails, there are enough clues for the market profile student that the previous range would be tested and the longer time frame participant is trying to exhibit control. […]

Estimates for 20th July

Good Morning All. Yesterday’s print of 5415 in the NF formed an unfair high or excess in the hourly TF. We also saw buyers yielding to sellers at this level of 5411 which we have been talking about on this blog for several days now. Once again our view remains that an auction above this […]

Estimates for 19th July

Good morning all. 5374 is the open of the day and if bearish views are disappointed, it has to be an understatement! I want to turn your attention back to a previous post: http://vtrender.blogspot.com/2010/07/eod-14th-july.html. After the high vol downmove on the 14th, we were waiting for a confirmation or follow up action, which incidentally has […]

Know the Flow !

Some facts and some questions for you as I do a round-up of the week’s action in the Nifty as well as the US Futures the ES. First the facts : You and I trading between 1-40 lots of the Nifty Futures constitute only 3 % of the Volume generated at the exchange. 97 % […]

Estimates

Hello all. Apologise for the late appearance. I’m typing this out from a friend’s office, as we have a major internet outage at ours. The value areas for today are 5399-5385-5378. The market still is in neutral mode or “hold”. Yesterday’s levels of 5411-5355 are still valid as the market makes up it’s mind. Trade […]

Estimates for 15th July

Those of you who read my post last night posted here would know the importance of 5408-5411 as a reference level for today’s action. An auction above it would mean that buyers are back in control after yesterday’s downmove. Lower down 5355-5367 still continue as important supports. ————— 10.30 HDFC We had discussed HDFC as […]

EOD -14th July

Earlier this evening I had a longish discussion with Viren on the state of our Nifty, especially after the high volume downbar visible in the afternoon. At one point I felt that it would take out 5367, but later felt that it was a shake-out designed to catch weak hands. You can catch my real-time […]

Estimates for 14th July

Generally my assumption of a day like yesterday followed by a gap open the next morning, points to a high for the day being made in the first 90 minutes of trading. 5465 will be on watch on Intra basis for signs of resistance. 5367-5379 are today’s supports. —- .

Estimates for 13th July

It’s earning season and a lot of moves in the market will either make you a lot of money or leave you with a lot short! It depends on how good you read the tape. I will put up a chart of Infosys later to tell you what we thought of it prior to it’s […]