Market Profile Pre-Market Analysis: 26/08/2019

Market Profile Pre-Market Analysis: 26/08/2019

 Happy Morning 😃

I have a flexible view on #NIFTY today, and open auction is very crucial for entire day.

I am expecting price opening around 11900 level and most importantly price acceptance is crucial at this point.  Read the complete analysis for more info…

10715,10770,10880 and 10935 levels are crucial for the day.

#NIFTY ANALYSIS:

We witnessed an open drive formation in last session but bulls have taken complete control and able to close the price above 10760. this shows the decisiveness of buyers however, the overall trade facilitation is still not in the support of bulls. hence I have a flexible view today. Price acceptance above 11935 is very much essential to to expect any bullish movements. 

And open auction is extremely crucial for the day (Specially first 30 min auction). If price able to accept the gap up for at least 30 min then I will look for bullish opportunities, else if there is immediate rejection in the open the odds of ORR is quite high in such cases.

Value is widened and it indicates there will be a big swings in the markets, Hence flexibility and proper position sizing is very important.

#BANKNIFTY ANALYSIS:

There is not much clarity in #BANKNIFTY , However open auction is very crucial here as well.

27390 is the significant level for #BANKNIFTY today.

26920, 27250 and 27390 levels are crucial for the day.

TRADE PLAN :

#NIFTY: I don’t have any plans for open buy trades. In case there is an immediate rejection with clear conviction by bears i will look for shorting opportunities in the open. acceptance above 11935 is very much essential to to expect any bullish movements so for any bullish opportunities i will wait for price acceptance.

#BANKNIFTY: I don’t have open trades plan here, However if there is good reward-able trades after the formation of open range then i may  plan any trades in #BANKNIFTY.

Note: Volatility is shooting up significantly and this is when the big money is made. Position sizing and Risk management are the keys.

MARKET PROFILE VALUES:

NIFTY

VAH— 10860

POC— 10770

VAL— 10740

BANK NIFTY

VAH— 27165

POC— 26925

VAL— 26865

Flexibility and patience are the keys in today’s trading session.

(Above information is my view of looking the markets and
there is nothing called Right or wrong in these dynamic markets,
Respect the risk, manage the money and plan your trades then approach with discipline)

Happy trading 🙂

 

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Market Profile Pre-Market Analysis: 06/08/2019

Market Profile Pre-Market Analysis: 06/08/2019

Happy Morning 😃

I am mildly bearish on #NIFTY until it trades below 10845.

However open auction and auction at 10806 level is extremely crucial for the day.

I am expecting today’s open below 10845.
Price acceptance below 11806 can add more shorts in the system.

10806, 10845 and 10900 levels are crucial for the day.

#NIFTY ANALYSIS:

It was a clear balance day and the main thing to notice here this balanced auction took place below 10900, which is a sign of acceptance and we can also witness a gap down of around 80 points in #NIFTY that shows a clear follow-through of the balance. However, it’s opening near crucial support level that is 10806 and auction at this level is important for the day. If price accepts below this level another free fall can be expected.

Odds of Open or open test drive is also quite high…

#BANKNIFTY ANALYSIS:

Compared to #NIFTY, conviction level of bears is quite high in #BANKNIFTY  and I am also bearish on #BANKNIFTY until it trades below 27950.

27510 is the significant level for #BANKNIFTY today.

27510, 27675 and 27950 levels are crucial for the day.

TRADE PLAN :

#NIFTY: I don’t have any plan for the open trade, I will monitor the auction at 10806 and take decisions based on new info.

#BANKNIFTY: I do have an open trade plan here, I will plan my targets based on the open range development.

Note: Volatility is shooting up significantly and this is when the big money is made. Position sizing and Risk handling are the keys.
60-80 points gap down and continuation of that gap is common in this kind of markets.

MARKET PROFILE VALUES:

NIFTY

VAH— 10900

POC— 10870

VAL— 10840

BANK NIFTY

VAH— 27855

POC— 27765

VAL— 27585

Flexibility and patience are the keys in today’s trading session.

(Above information is my view of looking the markets and
there is nothing called Right or wrong in these dynamic markets,
Respect the risk, manage the money and plan your trades then approach with discipline)

Happy trading 🙂

 

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Market Profile Pre-Market Analysis: 31/07/2019

Market Profile Pre-Market Analysis: 31/07/2019

Happy Morning 😃

I am Bearish on #NIFTY until it trades below 11170.

I am expecting today’s open below 11100.
Price acceptance below 11100 is not a good sign for markets!

11080, 11170 and 10980 levels are crucial for the day.

 

#NIFTY ANALYSIS:

It was massive selloff with ORR drive, Price tried to sustain above 11245 and finally, initiative buying failed to move price above value. As a result, the massive fall was witnessed.
Overall auction is very clear and decisive about this fall and price also closed below major Resistance 11100. If price accepts below this level we can clearly say this is the beginning of the crash!. Open price behavior and initial range developments will reveal further clarity on the trade.

Overall 11100 is a make or break level for #NIFTY.

#BANKNIFTY ANALYSIS:

Compared to #NIFTY, #BANKNIFTY fall was more decisive. and I am also bearish on #BANKNIFTY until it trades below 20160.

28845 is the crucial level and also make or break level for #BANKNIFTY today.

28720, 28845 and 29160 levels are crucial for the day.

TRADE PLAN :

#NIFTY: I have a plan for an open trade only if price opens below 11100 and sustains with clear conviction. Odds of -ve Open Drive is quite high for the day!
Auction at the open is really important for the day.

#BANKNIFTY: I don’t have any plans to opt any trades in #BANKNIFTY, I will wait for the range to devolope and then  takke any decision.

MARKET PROFILE VALUES:

NIFTY

VAH— 11275

POC— 11225

VAL— 11175

BANK NIFTY

VAH— 29580

POC— 29340

VAL— 29160

Flexibility and execution speed is the keys to today’s trading session.

(Above information is my view of looking the markets and
there is nothing called Right or wrong in these dynamic markets,
Respect the risk, manage the money and plan your trades then approach with discipline)

Happy trading 🙂

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Market Profile Pre-Market Analysis: 30/07/2019

Market Profile Pre-Market Analysis: 30/07/2019

Happy Morning 🙂

I have a flexible view on #NIFTY today, 11245 is very crucial level and auction at this level is very important for the day.

I will turn to bullish if price accepts above 11245 for at least 15min, similarly, if it accepts below this level for at least 15min then the view will be sideways to bearish. Read the complete analysis below…

I am expecting today’s open below around 11245.

11175-11185 zone, 11240-11245 zone, 11245 and 11345 levels and zones are crucial for the day.

#NIFTY ANALYSIS:

As expected 11320 acted as a major level in the last session and it made OTD down with clear selloff from this level. However, the climax is not supporting the bears and accumulation at lower level witnessed in the second session. As a result, we will witness a slight gap up open around 11245. If price starts accept above 11245 then it’s a clear sign that buyers may take control of the auction. If it fails to trade or accepts above 11245 then the trend continuation is expected with some sideways movement (SIdeways to bearish). Open price behavior and initial range developments will reveal further clarity on the trade.

#BANKNIFTY ANALYSIS:

There is not much clarity in #BANKNIFTY in the present moment.
I will wait for the initial range to be developed and then plan my trades according to the evolved information.

29200, 29420 and 29680 levels are crucial for the day.

TRADE PLAN :

#NIFTY: I don’t have any plans for the open trade unless there are a clear sign and confirmation by price at 11245 levels. I will wait for the initial range to be developed and then plan my trades for the day.

I am not biased towards any trades today and today’s market demands a lot of flexibility in decisions.

#BANKNIFTY: I don’t have any plans for open trade. I will wait for the initial range to develop and then plan my trades accordingly.

MARKET PROFILE VALUES:

NIFTY

VAH— 11265

POC— 11215

VAL— 11185

BANK NIFTY

VAH— 29460

POC— 29400

VAL— 29280

Flexibility is the keys to today’s trading session.

(Above information is my view of looking the markets and
there is nothing called Right or wrong in these dynamic markets,
Respect the risk, manage the money and plan your trades then approach with discipline)

Happy trading 🙂

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Market Profile Pre-Market Analysis: 08/07/2019

Market Profile Pre-Market Analysis: 08/07/2019

Happy Morning 😃

I am bearish on #NIFTY until it trades below 11900.
However, Price behavior at the open is very crucial for the day.

I am expecting today’s open below 11870.

11795, 11830, 11870 and 11900 levels are crucial for the day.

NIFTY ANALYSIS:

It was -ve trend day and every attempt of buying were defeated by sellers, as a result, price closed below 11830 which shows a sign of strength by bears. However, price acceptance below 11900 is essential. We may witness more selling pressure if  Price accepts at open and below 11830.

I don’t have any plans to opt for open trade, I will wait for IB to form to take any further decisions. 11870-11900 zone offers a good opportunity for shorting and I will target 11735 for short positions.

BANKNIFTY ANALYSIS:

Surprisingly #BANKNIFTY is telling a different story. However, the bears are stronger considering the overall auction but the confidence level of bears is low compared to #NIFTY.

I am expecting price rotation between 31350-31730.

31350, 31490, 31600 and 31730 levels are crucial for the day.

MARKET PROFILE VALUES:

NIFTY

VAH— 11990

POC— 11980

VAL— 11870

BANK NIFTY

VAH— 31635

POC— 31545

VAL— 31455

Patience is the keys to today’s trading session.

(Above information is my view of looking the markets and
there is nothing called Right or wrong in these dynamic markets,
Respect the risk, manage the money and plan your trades then approach with discipline)

Happy trading😎

TMC [Trading Master class]


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Market Profile Pre-Market Analysis: 26/08/2019

 Happy Morning  I have a flexible view on #NIFTY today, and open auction is very crucial for entire day. I am expecting price opening around 11900 level and most importantly price acceptance is crucial at this point.  Read the complete analysis for more info......

Market Profile Pre-Market Analysis: 06/08/2019

Happy Morning  I am mildly bearish on #NIFTY until it trades below 10845. However open auction and auction at 10806 level is extremely crucial for the day. I am expecting today's open below 10845.Price acceptance below 11806 can add more shorts in the system. 10806,...

Market Profile Pre-Market Analysis: 31/07/2019

Happy Morning  I am Bearish on #NIFTY until it trades below 11170. I am expecting today's open below 11100.Price acceptance below 11100 is not a good sign for markets! 11080, 11170 and 10980 levels are crucial for the day.   #NIFTY ANALYSIS: It was massive...

Market Profile Pre-Market Analysis: 30/07/2019

Happy Morning 🙂 I have a flexible view on #NIFTY today, 11245 is very crucial level and auction at this level is very important for the day.I will turn to bullish if price accepts above 11245 for at least 15min, similarly, if it accepts below this level for at...

Market Profile Pre-Market Analysis: 08/07/2019

Happy Morning  I am bearish on #NIFTY until it trades below 11900. However, Price behavior at the open is very crucial for the day. I am expecting today's open below 11870. 11795, 11830, 11870 and 11900 levels are crucial for the day. NIFTY ANALYSIS: It was -ve trend...

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Market Profile Pre-Market Analysis: 01/07/2019

Market Profile Pre-Market Analysis: 01/07/2019

Happy Morning 😃

I have a sideways view on #NIFTY until it trades between 11815 – 11915 levels.

I am expecting today’s open above 11825.

11815, 11826, 11890 and 11915 levels are crucial for the day.

NIFTY ANALYSIS:

It was a -ve NV day with the clear sell off from the open, however, the overall auction is suggesting there is a fight between big players and directional move is not yet clear for the moment. And trade facilitation is also not supporting this downmove.
Hence I am expecting this fight to continue until #NIFTY trades between 11815 – 11915 levels.

I don’t have any plans to opt for open trade, I will for IB to form to take any further decisions. 11815-11826 zone offers a good opportunity for long trades and the opposite levels 11915 can be the target for longs. Similarly, 11915 offers a good opportunity for shorting but I have a medium conviction on shorts and try to anticipate with medium positions.

BANKNIFTY ANALYSIS:

In the present moment, I don’t have much clarity in #BANKNIFTY.
and I am expecting price rotation between 31110 – 31480.

31110, 31140, 31260 and 31480 levels are crucial for the day.

31110 – 31210 zone belongs to Bulls, similarly 31420 – 31480 zone belongs to bears and the auction at these zones are very crucial for the day.

MARKET PROFILE VALUES:

NIFTY

VAH— 11885

POC— 11875

VAL— 11845

BANK NIFTY

VAH— 31380

POC— 31290

VAL— 31260

Patience and flexibility are the keys to today’s trading session.

(Above information is my view of looking the markets and
there is nothing called Right or wrong in these dynamic markets,
Respect the risk, manage the money and plan your trades then approach with discipline)

Happy trading😎

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Market Profile Pre-Market Analysis: 26/08/2019

 Happy Morning  I have a flexible view on #NIFTY today, and open auction is very crucial for entire day. I am expecting price opening around 11900 level and most importantly price acceptance is crucial at this point.  Read the complete analysis for more info......

Market Profile Pre-Market Analysis: 06/08/2019

Happy Morning  I am mildly bearish on #NIFTY until it trades below 10845. However open auction and auction at 10806 level is extremely crucial for the day. I am expecting today's open below 10845.Price acceptance below 11806 can add more shorts in the system. 10806,...

Market Profile Pre-Market Analysis: 31/07/2019

Happy Morning  I am Bearish on #NIFTY until it trades below 11170. I am expecting today's open below 11100.Price acceptance below 11100 is not a good sign for markets! 11080, 11170 and 10980 levels are crucial for the day.   #NIFTY ANALYSIS: It was massive...

Market Profile Pre-Market Analysis: 30/07/2019

Happy Morning 🙂 I have a flexible view on #NIFTY today, 11245 is very crucial level and auction at this level is very important for the day.I will turn to bullish if price accepts above 11245 for at least 15min, similarly, if it accepts below this level for at...

Market Profile Pre-Market Analysis: 08/07/2019

Happy Morning  I am bearish on #NIFTY until it trades below 11900. However, Price behavior at the open is very crucial for the day. I am expecting today's open below 11870. 11795, 11830, 11870 and 11900 levels are crucial for the day. NIFTY ANALYSIS: It was -ve trend...

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