Nifty/ BN Weekly View (spot) for 07 Dec- 11 Dec’15
Last week we failed at a VAL of a two-time-frame weekly profile from the week of 2-9 Nov. If you recollect AMT had shown the base of another 2-time frame profile as a support 2 weeks back. It’s subtle things like these which if analysed correctly hold an edge for many a bias. Subsequently the week […]
Nifty/ BN Weekly View (spot) for 30 Nov- 04 Dec’15
Last week the settlement for the November series was just under the November vwap of 7926. The weekly close of Friday was at the 7930- 50 supply zone mentioned and did not give a decisive direction cue. However, we lean on the 7875- 7895 spot VAH to give us a support on any dip for a […]
Nifty/ BN Weekly View (spot) for 23 Nov- 27 Nov’15
In last week’s report – “Friday was the first session since 8220- 8260 broke that we had an establishment of a balance. It would mean a pause in the downward momentum for now but the possibility of sellers coming back at higher levels remains”. We got a sideways profile but also an indication that a […]
Nifty/ BN Weekly View (spot) for 16 Nov- 20 Nov’15
Our last week’s view: “The Larger time frame has gone weak and we maintain 7830 as the immediate target below 7950 and a possibility of 7645 and 7545 before the Month of November runs out”. The index is still one time framing lower which in Market Profile means complete domination by one party viz. sellers […]
Nifty/ BN Weekly View (spot) for 09 Nov- 13 Nov’15
Last week we spoke about a test of 7950 spot. The index tested the zone late Thursday and Friday eventually closing near it leaving the immediate 120 points uncertain. Whilst there is an event over the weekend which may dictate Monday Open prices, we are looking for an auction sustaining 8030 spot early in the […]
Nifty/ BN Weekly View (spot) for 02 Nov- 06 Nov’15
Last week despite a gap up Open on Monday the Nifty failed to get new buyers above 2015 POC of 8330, setting up a long liquidation process which got compounded with expiry trades and the Nifty closed near the lowest point of the week. The expected expiry around 8440 did not materialise and instead the […]
Nifty/ BN Weekly View (spot) for 26 Oct- 30 Oct’15
We saw aggressive dip buyers buying on good volume all the dips in the week. In comparison at higher prices, the sellers weren’t aggressive enough on the day TF and it resulted in Nifty closing at the weekly supply during the week. From last week’s report, we reiterate and maintain “ As long as the index […]
Nifty/ BN Weekly View (spot) for 19 Oct- 23 Oct’15
From Last week’s comments – “ For the week to come our first line of support for the Nifty spot will be 8084 levels. We saw strong buying come from these levels on our order flow charts and we believe the index will be supported higher on a price visit back to this zone. This […]
Nifty/ BN Weekly View (spot) for 12 Oct- 16 Oct’15
For the past 3 weeks, we have maintained a “buy on dips” approach and the index is up from 7700 to 8230. Last week’s report mentioned of a further short covering drive above 8084 t0 8223. The index hit 8232 in Friday trade. The Principles of Auction market Theory which we follow rigorously tell us that […]
Nifty/ BN Weekly View (spot) for 05 Oct- 09 Oct’15
The auction of the week gone by reconfirmed the old balance first established in the last week of August’15. The range from 18/09 to the close of trade on 01/10 matches in price and structure to the range from 24 Aug to 03 Sept, when we first had that break below 8250 spot. The Larger […]