Friday, January 27, 2017

Nights on Broadway

Nifty is single timeframing. After 8658 - 8662 the next resistance is 8705 - 8723.

Wednesday, January 25, 2017

A Hard Day's Night

With The Name of God - The Most Merciful and The Most Beneficent


Nifty


  • What was the Opening Type and Balance? The Opening type was Open Drive. Nifty opened imbalanced. The Open was positive.

  • What was the Initial Balance, Closing Balance and Day's Range? The Initial Balance was 8434 - 8398 (36). The Final Balance was 8454 - 8480 (26). The Day's range was 8480 - 8398 (82).

  • How was the Overall Profile Structure? The profile for the day had a long buying tail, but the selling tail was missin yet again. The Auction attemted to breakout from the previous congestion zone. The mode of the all the TPOs was nearly in the center of the distribution which appeared to be leptokurtic. The minus developments were the long buying tail and and a long range extension tail towards the top, which clearly indicated that the money was flowing in. The POC was at 8437, with hints of VAH and VAL at 8445 and 8418.

  • What was accepted and what was rejected?  Nifty has completed another XABCD and staged a break out and closed above 8237. Will develop this section later

  • Which direction did Nifty attempt to move? Current Rotation Factor is 14, while it was 0 for the previous trading session. The Trend Rotation Index reads +14 and it is within ±1σ. It was a Composite Buying Day since the open was within the bottom quadrant of the day's range. It was NOT a prime profile indicating that the current Auction has NOT been completed. The Auction for the day attempted to breakout.

  • Does the price action for the day, indicate new business coming in on a large scale?No.

  • Did Nifty finish a great job moving in the attempted direction (or balance)? No. The intraday price range was 107% that of previous session while composite EOD Volume figures were 91% of the previous session. In the context of Average Volumes, the Day Volumes were 113%. Volumes were steadily rising on the down days.

  • What is the current market-inventory status?   If the Auction is in balance, the Final Hour references are the limits, within which the Inventory Adjustment occurs. The RTH inventory is long and Overnight Inventory is long as of now. The last Inventory Adjustment high was ? while low was ?. (Surprisingly, for a long time now, the inventory adjustment occurs only in the final balance????)


  • What inferences could be drawn from the nuances discussed so far?  
    • Scalpers were inactive in their own timeframe for most of the session.
    • Locals were active in their own timeframe.
    • OTF AUCTION is getting poor day timeframe structures for several sessions now.



    OTF's dominant concern now is the Budget and any fresh announcements that the Govt might make during the Budget Session of the Parliament regarding the economic reforms and lowering of corporate taxes. Apart from that the basic economic indicators would also be under their scanner.

Tuesday, January 24, 2017

In the heat of the Night

With The Name of God - The Most Merciful and The Most Beneficent


Nifty


  • What was the Opening Type and Balance? The Opening type was Open Drive. Nifty opened imbalanced. The Open was negative.

  • What was the Initial Balance, Closing Balance and Day's Range? The Initial Balance was 8394 - 8327 (67). The Final Balance was 8364 - 8400 (35). The Day's range was 8404 - 8327 (77).

  • How was the Overall Profile Structure? There was a long buying tail in the A period itself. Nifty had reversed from the 23.6% level of the 7893 - 8461 range. As usual most profiles these days lack one or both tails. So yesterday's profile lacked the selling tail. In fact the Auction failed to reach any significant reference area. The day type was Normal. Nifty vaguely resembled the P shape. In the double split view we see that there was short covering in the first half which was followed by long liquidation in the second half. The long tail itself was the minus development which indicated that the direction of the cash flow was up. Auction failure was the inability of the day Auction to move any lower than 23.6% of the lst swing range. Since the profile lacked balance and symmetry it'd be along shot to consider any point as value however for most purposes 8391 should suffice.

  • What was accepted and what was rejected?  Nifty has completed another XABCD and staged a break out and closed above 8237. Will develop this section later

  • Which direction did Nifty attempt to move? Current Rotation Factor is 0, while it was -6 for the previous trading session. The Trend Rotation Index reads +0 and it is within ±1σ. It was a Composite Buying Day since the open was within the bottom quadrant of the day's range. It was NOT a prime profile indicating that the current Auction has NOT been completed. The Auction for the day attempted to balance.

  • Does the price action for the day, indicate new business coming in on a large scale?No.

  • Did Nifty finish a great job moving in the attempted direction (or balance)? Yes. The intraday price range was 93% that of previous session while composite EOD Volume figures were 96% of the previous session. In the context of Average Volumes, the Day Volumes were 124%. Volumes were steadily rising on the down days.

  • What is the current market-inventory status?   If the Auction is in balance, the Final Hour references are the limits, within which the Inventory Adjustment occurs. The RTH inventory is short and Overnight Inventory is short as of now. The last Inventory Adjustment high was ? while low was ?. (Surprisingly, for a long time now, the inventory adjustment occurs only in the final balance????)


  • What inferences could be drawn from the nuances discussed so far?  
    • Scalpers were inactive in their own timeframe for most of the session.
    • Locals were active in their own timeframe.
    • OTF AUCTION is getting poor day timeframe structures for several sessions now.



    OTF's dominant concern now is the Budget and any fresh announcements that the Govt might make during the Budget Session of the Parliament regarding the economic reforms and lowering of corporate taxes. Apart from that the basic economic indicators would also be under their scanner.

Monday, January 23, 2017

Black Night

With The Name of God - The Most Merciful and The Most Beneficent


Nifty


  • What was the Opening Type and Balance? The Opening type was Open Auction (Outside Value but Inside Range). Nifty opened balanced. The Open was negative.

  • What was the Initial Balance, Closing Balance and Day's Range? The Initial Balance was 8423 - 8397 (26). The Final Balance was 8340 - 8359 (19). The Day's range was 8423 - 8340 (83).

  • How was the Overall Profile Structure? It was a trending profile. In fact the double split of the profile shows balance during the first half of the session around 8409, and breakout in the second half. The minus development indicated that the flow of money was singularly down, esp, between 8397 and 8367. The OTF took a 6 point margin to ensure the breakdown. (8373 - 6 = 8367). The Auction Failure was inability to cross the previous Point of Control at 8423.

  • What was accepted and what was rejected?  Nifty has completed another XABCD and staged a break out and closed above 8237. Will develop this section later

  • Which direction did Nifty attempt to move? Current Rotation Factor is -6, while it was +4 for the previous trading session. The Trend Rotation Index reads +0 and it is within ±1σ. It was a Composite Selling Day since the open was within the top quadrant of the day's range. It was NOT a prime profile indicating that the current Auction has NOT been completed. The Auction for the day attempted to sell off.

  • Does the price action for the day, indicate new business coming in on a large scale?No.

  • Did Nifty finish a great job moving in the attempted direction (or balance)? Yes. The intraday price range was 201% that of previous session while composite EOD Volume figures were 122% of the previous session. In the context of Average Volumes, the Day Volumes were 131%. Volumes were steadily rising on the down days.

  • What is the current market-inventory status?   If the Auction is in balance, the Final Hour references are the limits, within which the Inventory Adjustment occurs. The RTH inventory is short and Overnight Inventory is short as of now. The last Inventory Adjustment high was 8359 while low was 8340. (Surprisingly, for a long time now, the inventory adjustment occurs only in the final balance????)


  • What inferences could be drawn from the nuances discussed so far?  
    • Scalpers were inactive in their own timeframe for most of the session.
    • Locals were active in their own timeframe.
    • OTF AUCTION is getting poor day timeframe structures for several sessions now.



    OTF's dominant concern now is the Budget and any fresh announcements that the Govt might make during the Budget Session of the Parliament regarding the economic reforms and lowering of corporate taxes. Apart from that the basic economic indicators would also be under their scanner.

Friday, January 20, 2017

I Love a Rainy Night

With The Name of God - The Most Merciful and The Most Beneficent


Nifty


  • What was the Opening Type and Balance? The Opening type was Open Auction (Inside Value and Range). Nifty opened balanced, inside the previous range and value. The Open was positive.

  • What was the Initial Balance, Closing Balance and Day's Range? The Initial Balance was 8427 - 8404 (23). The Final Balance was 8445 - 8415 (29). The Day's range was 8445 - 8404 (41).

  • How was the Overall Profile Structure? After a long while we saw a healthy selling tail, but weren't unfortunate enough to witness a buying tail. This was the 6th overlapping profile. The day type was Normal Variation. It was an inside day, and basically there was no minus development. The Auction Failure was inability of the Auction to go past the 80% of the previous day's range. The value, ever so slowly, is migrating higher and higher. The Value was found at 8423, and the VAH and VAL were found at 8433 and 8415, respectively.

  • What was accepted and what was rejected?  Nifty has completed another XABCD and staged a break out and closed above 8237. Will develop this section later

  • Which direction did Nifty attempt to move? Current Rotation Factor is +4, while it was 0 for the previous trading session. The Trend Rotation Index reads +6 and it is within ±1σ. It was not a Composite Day since the open was within the middle quadrant of the day's range. It was a prime profile indicating that the current Auction has been completed. The Auction for the day attempted to balance.

  • Does the price action for the day, indicate new business coming in on a large scale?No.

  • Did Nifty finish a great job moving in the attempted direction (or balance)? Yes. The intraday price range was 65% that of previous session while composite EOD Volume figures were 101% of the previous session. In the context of Average Volumes, the Day Volumes were 109%. Now the volumes have begun to hit the roof, while the value contimues to migrate ever so slowly upwards. This indicates that all the selling that had to occur around 8400, has mostly been finished.

  • What is the current market-inventory status?   If the Auction is in balance, the Final Hour references are the limits, within which the Inventory Adjustment occurs. The RTH inventory is flat and Overnight Inventory is undefined as of now. The last Inventory Adjustment high was 8445 while low was 8415. (Surprisingly, for a long time now, the inventory adjustment occurs only in the final balance????)


  • What inferences could be drawn from the nuances discussed so far?  
    • Scalpers were active in their own timeframe for most of the session.
    • Locals were active in their own timeframe.
    • OTF AUCTION is getting poor day timeframe structures for several sessions now.



    OTF's dominant concern now is the Budget and any fresh announcements that the Govt might make during the Budget Session of the Parliament regarding the economic reforms and lowering of corporate taxes. Apart from that the basic economic indicators would also be under their scanner.

Wednesday, January 18, 2017

Strangers in the Night

With The Name of God - The Most Merciful and The Most Beneficent


Nifty


  • What was the Opening Type and Balance? The Opening type was A VARIATION OF Open Rejection Reverse. Nifty opened imbalanced, inside the previous range and value. The Open was positive.

  • What was the Initial Balance, Closing Balance and Day's Range? The Initial Balance was 8440 - 8414 (26). The Final Balance was 8382 - 8404 (22). The Day's range was 8440 - 8378 (62).

  • How was the Overall Profile Structure? Again, the umpteenth time, the profile lacked tails. The textbook indication of this scenario is that the OTF isn't very keen in the day time frame excesses, and that overall market strucutre is very very poor. The profile was vaguely a variation of the previous profile flipped upside down. This was the 4th overalpping profile, and each of these profiles were flipped over mirror images, to some degree. The Day was Normal Variation. One of the prominent minus developments in the profile was between the price levels 8410 - 8417. It was almost a tangible sign of a cash flow down. Another prominent minus development in a larger timeframe is the inability of the last 4 profiles to descend below 8370. This indicates that the overall the OTF isn't selling out, so it's the locals that are ostly controlling the market during the day. The POC, VAH and VAL were, 8391, 8407, and 8382 respectively.

  • What was accepted and what was rejected?  Nifty has completed another XABCD and staged a break out and closed above 8237. Will develop this section later

  • Which direction did Nifty attempt to move? Current Rotation Factor is -8, while it was +4 for the previous trading session. The Trend Rotation Index reads +2 and it is within ±1σ. It was not a Composite Day since the open was within the middle quadrant of the day's range. It was not a prime profile indicating that the current Auction has not been completed. The Auction for the day attempted to move down.

  • Does the price action for the day, indicate new business coming in on a large scale?No.

  • Did Nifty finish a great job moving in the attempted direction (or balance)? No. The intraday price range was 119% that of previous session while composite EOD Volume figures were 98% of the previous session. In the context of Average Volumes, the Day Volumes were 81%. Now the volumes have begun to shrink on the sell off days also. This indicates that all the selling that had to occur around 8400, has mostly been finished.

  • What is the current market-inventory status?   If the Auction is in balance, the Final Hour references are the limits, within which the Inventory Adjustment occurs. The RTH inventory is flat and Overnight Inventory is undefined as of now. The last Inventory Adjustment high was 8404 while low was 8382. (Surprisingly, for a long time now, the inventory adjustment occurs only in the final balance????)


  • What inferences could be drawn from the nuances discussed so far?  
    • Scalpers were active in their own timeframe for most of the session.
    • Locals were active in their own timeframe.
    • OTF AUCTION is getting poor day timeframe structures for several sessions now.



    OTF's dominant concern now is the Budget and any fresh announcements that the Govt might make during the Budget Session of the Parliament regarding the economic reforms and lowering of corporate taxes. Apart from that the basic economic indicators would also be under their scanner.