Market in Balance
Here is a 2 day profile of the NF: The market is clearly in balance. 2 choices await our trading today : 1) The value area rule which will mean a trip back into the value area from current levels.The 2 day value area is the green lines and it’s the current lows of NF […]
21/12/11
Nifty : The above charts is a consolidated profile chart of the NF post the fall from last Friday. The actions shows the NF movement of the past 2 days within a range of 4633 and 4637 which it hit today.In the process the market violated the FA point of 4662 which is a bearish […]
Mini Composite
Here is a mini composite profile from yesterday’s morning session. a) Shows the market balancing off the big move from Friday b) shows a small short covering which took the market to gap fill and day highs late in the afternoon. c) Shows the morning session and early rejection of the drive from noon yesterday.The […]
Profile check
Markets trend 30% of the time, but these 30% moves result in the most profitable times for day and swing traders. These are the kind of moves generated by longer time frame players and generally come out of balance zones. They also come 1 or 2 sessions after a neutral day and hence we give […]
Performance sheet updated
Our performance sheet is updated : Nov and dec updated
19/12/11
Nifty :Another neutral day where the markets reversed direction mid-stream . What started off as long inventory of the morning unwinding, soon resulted in aggressive day shorts coming in which took the market down to it’s lows. In the morning the market attempted to travel through the 3 day balance area as per the possibilities […]
16/12/11
Nifty : Tomorrow is RBI day and much inventory adjustment will happen based on what the market feels about the news from the Reserve bank. I’m tracking a composite profile of the past there days with a high around the high volume point of 4848 and the lows around 4730.Today’s break away from the composite […]
Gold Longer Term View
One of our readers, Jigs, sent me these charts on Gold which he tracks closely. Charts are self explanatory. .
Trend- 15/12/11
Here are the OrderFlow charts of the NF and the BN futures for today. Nifty : BankNifty : The OrderFlow works on Market profile and Nowadays I’m tweeting actively on the markets through my twitter ID. Market Profile helps me organize my day and puts me abreast of the changes taking place. Here are some […]
15/12/11
Nifty : We had another neutral day in the markets today with both buyers and sellers of the longer time frame trying to move the market their way.There was no resolution as the market finished at the day’s dpoc or the fairest price where business was conducted. Off a neutral day we expect the […]