Evening MarketProfile report dated 05th July
The Nifty and the Banknifty consolidated on the gains made yesterday. The profile was gaussian at the close indicating acceptance of the higher value. Bulls would be happy to drive prices above the value of today. However, a failure would mean some major long liquidation coming up. I’m speaking in depth on using MarketProfile the […]
Evening MarketProfile report dated 04th July
The supply we had seen yesterday was overpowered by another round of responsive buying near 10680 early in the IB and the Nifty managed a trade above 10720 subsequently to finish at session highs. The day was again a Normal Variation day. I’m speaking in depth on using MarketProfile the correct way in Hyderabad on […]
Evening MarketProfile Report dated 02nd July
The auction dropped early in the morning from 10700 but met a lot of responsive buying on the way down. It hit the 10600 mark which we pointed out in the weekly report and bounced to close at the halfway mark. For the duration of the week to come we maintain that it could be a […]
Evening MarketProfile report dated 29th June
Thursday’s move on long liquidation led by old business was retraced entirely by the market in Friday’s auction. It’s the nature of settlement days to look at existing inventory management or as we in MarketProfile call it “old business”. The earliest MarketProfiers always knew of managing price action based on old versus new business. Old […]
Evening MarketProfile report dated 28th June
The trend down which started from the composite balance yesterday continued lower today and the inventory adjustments on settlement day further fueled the move down to 10550 F today. The imbalance objective of the trend down sits at 10540 F ( 10514 spot) where we await fresh cues on what the auction wants to do […]
Evening MarketProfile report dated 25th June
The spike of Friday was retraced fully in the auction of the day and the Nifty closed at session lows giving up most of the gains of Friday. Day was inside and the Nifty closed well within the 20 day composite of the month. Even the BankNifty was an inside day with a stray tick at […]
Evening MarketProfile report dated 20th June
The Nifty rose higher today and tested the breakdown zone where we noticed no new demand coming to support higher prices. The Banknifty met selling on the higher prices and could be the better short candidate for tomorrow’s settlement. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-18th-june-to-22nd-june/ It is the same MarketProfile view working […]
Evening MarketProfile report dated 19th June
The Nifty and the BankNifty gapped lower today and below the support zone of 10770- 10790 held by responsive buyers. It was also a break away from the 6-day range the market has been trading in. Much depends on what kind of follow-up we get from this profile of today. The last time the Nifty […]
Evening MarketProfile report dated 18th June
A low volume low range day ensured a mini balance and a Normal distribution within the larger balance curve the market has been in. This is a market which is getting ready to move and we should be ready for a trending move next. A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-18th-june-to-22nd-june/ It is […]
Evening MarketProfile report dated 11th June
Monday was a gap up in the Nifty and the BankNifty and a slow probe up on reducing volumes for the rest of the Opening hour. However, volume turned sluggish midday and a probe by sellers in the last hour managed to erase most of the gains made during the day. The auction looks locked […]