Profile charts for 27th april

Today’s updated comments are displayed in bold. Comments from yesterday and the previous days are above the bold print. Broader market of Tuesday: Initiative selling at the open to break the 2 day balance was met by responsive buying closer to 5791 levels to leave the broader market unchanged. Bank Nifty : ——–– BN ran […]

Infosys

In keeping our view on the Steidlmayer distribution, let’s look at Infosys today ( cash market). For the many followers of Infy, the day of the results was an amazing erosion of value, not seen in years! Here is the chart of Infosys in cash. We will follow the Stedilmayer distribution ( SD) to point […]

Profile charts for 26th april

The Italics are the comments from yesterday and the previous days. Broader market of Monday : The market formed an inside day today with a spike into the close. Acceptance below this spike will be confirmation of a new auction. Bank Nifty : —————— – 11935 and 11990/ 12023 will resist tomorrow.– single prints btw […]

Profile charts for 25th april

The Italics are the comments from yesterday and the previous days. Broader market of Thursday : The market again showed an inclination to balance at the top of the range.Neutral day with poor highs and lows. Bank Nifty : ——————– selling prints at the top at 11990 levels.– 11707 is support now– 11935 and 11990/ […]

Initial price Movement -2

In our previous post on Steidlmayer distribution, we had made a point that step 3 of the process was over and ” the market is on the verge of a large move”. The point made about step 4 was ” usually from the Point of Control of the completed distribution, a new IPM forms that […]

LT Orderflow

Here is the orderflow chart of LT all through this week. The dotted lines are the value areas and the chart id this week ( past 4 days) Notice the move from VAH to VAL and back. Except for tuesday 12.00 noon all the up down movements through value have been successful. It will pay […]

Profile charts for 21st April

The Italics are the comments from yesterday and the previous days. Broader market of Wednesday : the buying seen late afternoon yesterday created a gap open and after a visit to VAh, the market finished with gains of over a 100 points. Bank Nifty : —————— – selling prints at the top at 11990 levels.– […]

Trade Alerts : 19th apr/ 20th Apr

*** INTRA-DAY TRADES *** * Buy BankNifty 11630, sl 11595, tgt 11675sl hit– 35 * Buy Nifty 5740, sl 5726, tgt 5777/ 5805booked at 5777+ 37 * Buy Nifty 5822, sl 5814, tgt 5849booked at 5849+ 37 *** OPEN TRADES *** ***Total points for the Day : Mini Nifty :Nifty :74Bank Nifty :-25Option :16 ***Cumulative […]