25/01/12

The small range in NF yesterday produced a power packed breakout on the back of news from the RBI this morning.Looking back such trades are easy to take on an exit of value and range as longer time frame takes advantage of the value developed to move price in their direction. Tomorrow is expiry day […]

24/01/2012

We had a normal day in the markets today with the markets choosing to develop value in the IB or Initial balance- the first 60 minutes of the day. A normal day does not have a large longer time frame presence which is evident in the volume which happens to be poor.The profile is balanced […]

Scalper

Starting tomorrow, we would be having the first trades out on our new trading system- Scalper. Scalper is based on the generous feedback so many of you have given us and is designed to give between 1-3 good trades to us everyday. The initial launch will be a beta version only on the Nifty and […]

22/01/12

 A spike into the close left NF with poor highs and and a small buying tail which was from the base of the previous day’s breakout region.Spike rules will apply at the open on Monday morning with an open above friday’s high confirming that the move late on friday afternoon had delta and momentum going […]

17/01/12

A break from the balance zone created a trend like early morning which took the NF within 10 points of the high volume zone of 4998.It was an Open drive out of range and value in itself a strong indicator of longer time frame presence. The single prints from 4914 to 4944 confirmed the same. […]

16/01/12

The profile chart shown is friday morning’s update now shows up as above.The profile is balancing out though a move below 4863 will balance it further. Headlines from Europe will dominate the sesssion on Mondy morning,. US markets are closed on Monday. The BankNifty profile shows value going sideways after a 45 degree climb.It is […]

13/01/12

After the big trend day and the open drive on the 10th, stocks haven’t done a lot but have managed to stay in the upper end of the trend day’s profile. The above chart is a combined auction picture of the past three days. On a trend day it is often difficult to see value […]

euro/ dollar

The dollar is  at an important level. This 2 year daily chart shows it as the value high of a composite structure. Commercials would look at it as risk off in all equities once it breaks above that level. The much maligned euro on the other hand is going downhill and firmly below value low […]