Trend Check 03/01/02012
Nifty : BankNifty : In Market profile we analyze 2 things : 1) What is the buyer ( seller) trying to do? 2) Is he doing a good job doing what he is currently doing? The charts above show the buy-sell reactions of the day. Today’s sell reactions were smaller than the buy reactions in […]
03/01/12
Nifty : We had a balanced profile for the session today with close in the upper half of the distribution. In line with our post of yesterday, we were expecting a “fillup” in the lower distribution and that’s what happened today. If the market trades up above 4676, then it will enter the upper distribution […]
02/01/2012
Nifty :On Friday we saw a DD- Double distribution in the markets. We consider a DD to be 2 separate auctions as a row of single prints divides the two zones the market operated out of during the day. 4668- 4707 can be considered the upper distribution which was in the lower zone of Thursday’s […]
30/12/11
On the first day of the series, here’s a background check on the profiles for Jan’12. Instrument PR3 PR2 PR1 PP0 PS1 PS2 PS3 NIFTY 5543 5254 4965 4676 4387 4098 3809 BANKNIFTY 10065 9404 8743 8082 7421 6761 61000 Nifty : BankNifty […]
27/12/11
Nifty : The NF continued to build value higher in a P shaped profile today which showed that shorts from late Friday covered early in the day. Value continues to be built higher as we track the movement of price and monitor it for trend changes if any. Today’s profile shows single prints in the […]
26/12/11
Nifty : Nf profile shows an auction which stayed above the previous day’s POC for the most part and a minor tail at the lows.What was also notice is a fairly prominent POC at 4745 increasing the odds of a visit there on Monday. The day was a nothing day in the single prints of […]
22/12/11
Nifty : The NF profile shows a breakout above the 2 day balance area above the 4632 levels. The day was neutral extreme with a close at the upper extreme. Th positive momentum can only sustain if a neutral extreme day opens above the high of the day.4668 is the value high for today’s breakout […]
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 […]
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 […]