16/12/11
Nifty : Tomorrow is RBI day and much inventory adjustment will happen based on what the market feels about the news from the Reserve bank. I’m tracking a composite profile of the past there days with a high around the high volume point of 4848 and the lows around 4730.Today’s break away from the composite […]
15/12/11
Nifty : We had another neutral day in the markets today with both buyers and sellers of the longer time frame trying to move the market their way.There was no resolution as the market finished at the day’s dpoc or the fairest price where business was conducted. Off a neutral day we expect the […]
14/12/11
Nifty : A developing P shaped profile turned on it’s head in late afternoon trading with first sellers driving the market to day lows and then buyers showing up to take the market to day highs. The day was marked by one 50% of the 80% rule completed and another in the afternoon which went […]
13/12/11
Nifty : We had a neutral day on friday and as I have mentioned several times on this blog before, the day following a neutral day tends to become a trend day in a large majority of cases as one party gives way and the other party dominates. An exit of value and range would […]
12/12/11
Nifty : The break from the news bytes coming from the EU summit was short and swift from 2.45 Wednesday and looks to have completed at the open price yesterday. The reason noted for the completion was a) A failed auction at 4847 which is the inability of the seller to do a range extension […]
Long liquidation and a game changer?
For the benefit of our readers here, this was posted after the market close on our subscriber website.After our close, Mario Draghi changed the course of overseas markets in one telling statement.Trade carefully! 09/12/11 Coming into the day, we were watching the spike lows at 5064, per this comment from last night “Today’s lower spike […]
09/12/11
Coming into the day, we were watching the spike lows at 5064, per this comment from last night “Today’s lower spike was from 5114 to 5064 in a market which stayed above 5100 for the most part. Acceptance below 5058 at the open tom which is the High volume node and below the spike lows […]
08/12/11
Nifty : A late afternoon news driven sell-off erased what was a proper p shaped profile with single prints at the bottom and converted the day to a normal day within IB.There was also a failed auction at 5134 which will be the focus of our attention for the remainder of the week. There are […]
OrderFlow Monthly summary
The OrderFlow calls are updated on twitter and posted as a summary in the link on the right side. You can access it anytime through this link : https://docs.google.com/spreadsheet/ccc?key=0Aguuu7T3NhX2dHRQTVdTanJaaTZVZXNUc3hDQ195LXc#gid=0 Here is the summary of all the points made through OrderFlow from the 7th of November to the 6th of December: [googleapps domain=”spreadsheets” dir=”pub” query=”output=html&widget=true&single=true&element=true&gid=0&key=0AgEgUfiRsUQDdEVFakhGZGlVYVpCMXhlUUZaaDA4MEE&range=A3%3AG6″ /] […]
07/12/12
Nifty : The first day of the week saw a neutral performance by market participants as traders avoided undue risks ahead of a holiday.The lack of direction was visible in a poor performance by the orderflow as it showed the uneasiness amongst traders. Off the trend day on Friday, the market was expected to consolidate […]