Split profiles of NF/ BN
A composite profile helps us get a good understanding of structure as we look at what transpired between buyers and sellers during the day/ week. But often times , it helps to look inside the structure and see rotations and value where it is developing. The difference between a 30 minute charts and a […]
Composite Profiles
Here's how the composite profiles showed up at the close of today's trading. The explanation on the charts is in this post- http://www.vtrender.com/content/big-picture BankNifty :
DPOC at MCX
As we wait for the budget speech to begin, here's a look at one of the most important parts of Market Profile – The POC or point of control and how it defines the trading experience. Price above the DPOC zone brings buying interest. Price below the DPOC zone brings sellers. We […]
16/03/2012
Today's open drive in NF met with selling all the way through helped by the BN which went down 300+ points. After rejecting yesterday;s vwap and POC off the open, the NF spent the latter part of the day in the low volume zone created between 12th and 13th March. Upper resistance […]
RBI day
The open drive in the BN at the open met with renewed selling at the announcement of the rate decision by the Governor today. After the inflation number had moved up and the industrial production looking good, one was thinking that the time may not be right for the RBI to cut rates. […]
15/03/2012
Here are the profile charts of today- We continue to operate in a headline driven market and gaps have become common with the market reacting violently off the open price to it';s perception of value.Today's move off the VAH had buyers and nullifies the seller of the morning. We are also in the […]
WPI
The wholesale price index measures the changes in the price of goods sold by wholesalers. It has a direct affect on consumer inflation. The RBI watches inflation closely and tailors it's policy review around it. After sliding down in Dec and Jan, the WPI has just raised it's head ever so […]
14/03/2012
Today's profiles in the Nifty and the Banknifty put up contrasting opinions with the NF having succeeded to move past a previous known resistance and the BankNifty meeting resistance at the previous day's high. On the positive side for the NF, the profile continues to exhibit solid structure and zero anomalies which always […]
Big Picture
Here are two charts showing the composite profiles and the volume action from Feb 22, which was the day the sell of began after the big run up. The chart has a) A composite profile in Rainbow colors on left b) The POC of the composite in white running across the chart, shows […]
13/03/2012
The market sold off at the open with the seller once again dominating in the region he has been selling from in the past two weeks. But the difference today was that the buyers appeared from the POC of the previous session and the net result was that the market finished at the day's midpoint. […]