Commodity trend signals
Here are some charts from the commodity space of the 4 indices we track at Vtrender. These are Gold/ Silver/ Copper and Crude. Crude : Lot size of 100. Copper : Lot Size of 1000/- Gold M : Lot size of 10/- SilverM : Lot Size of 5/-. .
14/12/11
Nifty : A developing P shaped profile turned on it’s head in late afternoon trading with first sellers driving the market to day lows and then buyers showing up to take the market to day highs. The day was marked by one 50% of the 80% rule completed and another in the afternoon which went […]
13/12/11
Nifty : We had a neutral day on friday and as I have mentioned several times on this blog before, the day following a neutral day tends to become a trend day in a large majority of cases as one party gives way and the other party dominates. An exit of value and range would […]
13/12/11
Nifty : We had a neutral day on friday and as I have mentioned several times on this blog before, the day following a neutral day tends to become a trend day in a large majority of cases as one party gives way and the other party dominates. An exit of value and range would […]
Trend- 12/12/11
Overnight and coming into the day’s open we were short at the close on Friday.A small whipsaw off the open based on global cues took us out, but we were back into a full position at the same price as Friday. Nifty : The trend clearly stayed down below vwap and closed at the lows […]
12/12/11
Nifty : The break from the news bytes coming from the EU summit was short and swift from 2.45 Wednesday and looks to have completed at the open price yesterday. The reason noted for the completion was a) A failed auction at 4847 which is the inability of the seller to do a range extension […]
Long liquidation and a game changer?
For the benefit of our readers here, this was posted after the market close on our subscriber website.After our close, Mario Draghi changed the course of overseas markets in one telling statement.Trade carefully! 09/12/11 Coming into the day, we were watching the spike lows at 5064, per this comment from last night “Today’s lower spike […]
09/12/11
Coming into the day, we were watching the spike lows at 5064, per this comment from last night “Today’s lower spike was from 5114 to 5064 in a market which stayed above 5100 for the most part. Acceptance below 5058 at the open tom which is the High volume node and below the spike lows […]
08/12/11
Nifty : A late afternoon news driven sell-off erased what was a proper p shaped profile with single prints at the bottom and converted the day to a normal day within IB.There was also a failed auction at 5134 which will be the focus of our attention for the remainder of the week. There are […]
Intra update- 07/12/11
Once again we are seeing the beauty of a neutral day play out in the session following it. A neutral day has longer time frame buyers and sellers operating who each try to move the market their way. This results in a fair bit of choppiness in Intra day activity . It’s the day following […]