Profile charts for 1st april

The Italics are the comments from yesterday and the previous days. Broader market of Today :Some responsive selling was seen at the top end of our projected range today.It remains to be seen whether the action was expiry related or some active selling is taking place near 5900 levels. Bank Nifty : – BN showed […]

Mcclellan Oscillator

Most oscillators used as indicators are designed for flatter markets or the non-trending types. But there is one good oscillator working on market generated information which uses also market internals and is an excellent tools to guage an overbought/ oversold condition in a trending market. This one is called the McClellan oscillator and we visit […]

Profile charts for 31st march

We shift into the april series from tomorrow.All charts in the trading room tomorrow will be april futures The Italics are the comments from yesterday and the previous days. Broader market of Tuesday : once the market broke over the point of control of the balanced profile, there was no looking back. A Responsive seller […]

NAV Management continues.

Here is a profile chart taken at 11.00 am this morning. The chart is that of the Nifty April future : Point 1 : is the buying prints from the volume point of control of the previous day.We saw a similar buying print from 5710 in the march future yesterday.Point 2 : Responsive seller of […]

Profile charts for 30th March

We shift into the april series from tomorrow.All charts in the trading room tomorrow will be april futures The Italics are the comments from yesterday and the previous days. Broader market of Tuesday : once the market broke over the point of control of the balanced profile, there was no looking back. A Responsive seller […]

Trade Alerts : 29th Mar

*** INTRA-DAY TRADES *** * Buy BankNifty 11607, sl 11574, tgt 11696Booked at 11625+ 18 * Buy Nifty 5750, sl 5738, tgt 5787tgt done+ 37 *** OPEN TRADES *** ***Total points for the Day : Mini Nifty :Nifty :37Bank Nifty :18Option : ***Cumulative points for the Mar Series : Mini Nifty :144Nifty :153Bank Nifty :1128Option […]

Profile charts for 29th March

The Italics are the comments from yesterday and the previous days. Broader market of Monday : A balanced profile at the top of the range indicated a market searching for new value over the short term. Bank Nifty : ————– We are strongly above the pull back high of 11150– value for the series is […]

Trade Alerts : 28th Mar

*** INTRA-DAY TRADES *** * Buy BankNifty 11545, 50 % position, tgt 11600Booked at 11585+ 40 * sell Nifty 5665, sl 5680, tgt 5640stop taken– 15 *** OPEN TRADES *** ***Total points for the Day : Mini Nifty :Nifty :-15Bank Nifty :40Option : ***Cumulative points for the Mar Series : Mini Nifty :144Nifty :116Bank Nifty […]

Profile charts of today

The market paused today near the top end of the 350 point range off the lows of last week. From last night’s post, the market did consolidate but not between 5642 and 5690 as expected, but it was 25 points higher between 5665 and 5714, but the upper estimate for the day at 5728 was […]

One day at a time

In financial markets, the past is history and the future is always a mystery. Even though we have had a great month of March so far, it’s pointless to brood over those results, as they will not help our trades tomorrow.I had a few traders who wrote to me saying that they missed this 270 […]