Nifty and BankNifty Profile

Here are profile charts of the Nifty and the Bank Nifty October Futures   First the Nifty :     Friday's move up in the Nifty was on negative delta and was promptly reversed by a spike into the close.   The Profile chart above shows the chart of Friday on the extreme right and […]

Precious Metals profiled

Here are updated charts of Gold and Silver to the ones posted on the weekend.   Profile includes today's auction.     T   The weakness seen in the euro region has had a direct effect  on the commo pack via the Euro.   The markets have traded in a large volatile range with Gold […]

Profiles in NF/ BN

Here are two profile charts of the Nifty and the banknifty which show the balance developing after the imbalance from last week.       A breakdown of the profiles gives a better view of the balance developing since the news based move from 12.00 noon on friday.       This composite balance area […]

Weekly commodity check

Here's a look at some profile charts :   Gold Oct Future :     Gold operated a 31580 to 32095 and back to 31513 last week.   Profile chart shows a composite POC which is in balance and a move from there on Friday. The POC is near 32200- 32300.   Price will continue […]

Nifty in profile- 2

Today's strong Open and the longer Time frame entering the markets have made the picture very bullish.     The updated profile as of 11.30 am now shows single prints running across both the distributions in the composite DD and are a sign that those values have been rejected by the market.   The current […]

Nifty in profile

Since the 14th of September last Friday since up until today the market has been seized by news flow both of the good kind and the adverse kind.   Whilst QE3 and the diesel price hike caused a gap up on the 14th, the FDI news on Monday and the political situation on Tuesday have […]

Bank Nifty daily profile

Here's a look at the bankNifty spot chart from the highs of 13303 to the lows of 7766.     The Profile on the left of the chart is very symmetrical and balanced.   The value area id shown in green.   It's currently at 11056 and 8950. This is roughly the zone the market […]

Day types

We had a normal day in the markets on tuesday.   The chart below shows that most normal days tend to be followed by trend days.Click on chart to enlarge     (Chart courtesy the wise men at Investor RT ! )   Day Types – Normal (NORM), Normal Variation (NVAR), Neutral (NEUT), Neutral Extreme […]

Nifty composite chart from 6338

Here's a composite profile of the Nifty daily from the time it hit 6338 in Nov 2010 to 4531 in Dec 2011.   The current prices and auction is included.     The areas marked in pink are resistance . The ones in green are the High volume nodes.   Once can jot down these […]

BanknIfty ahead of RBI

The BankNifty did a 400 point range on friday calculated from Thursday's close to Friday's close.   Ahead of the RBI on Monday the move assumes a lot more significance as a typical RBI day is known to give anywhere between 300- 600 points of move in the index.   Let's look at the profile […]