We are at 5000 Nifty spot levels at the time of this post.
I see a possibility of a move down to 4954 Nifty spot, from where buying should re-emerge back to these levels and more.
Alternatively if we drift here for a few more hours, without going down, then we can see 5066 Nifty spot by tomorrow itself.So 4954-5003-5066 are my pivots ( all Nifty spot).
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There is a problem with the mail delivery system due to which some mails have failed.We are working on it.
Appreciate your patience.
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Here is the email which was sent out last night. The link is to 4shared.
Sending across a power-point presentation on Market profile.
I am not the original author of this file, but it has been with me for such a long time that I have forgotten the person who had sent it to me.It's now yours and the first step to understand the role of profile in charting.
This presentation covers most of the theory behind implementing the system and a solid understanding of this would help you in getting a foothold in this system of trading.
There has been suggestions that we provide another platform for the questions related to this topic. We already have a great platform at the blog and you are welcome to ask your questions over there in the comments section.Those with further doubts can correspond through email as well.
During the course of the next few weeks we will examine all the material in detail together with real time charts of our very own Nifty.
The link : http://www.4shared.com/document/hAZuo2CF/marketprofile.html
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5026 NF is temporary halt and place for booking some longs from lower levels. At the moment, this upmove is safe above 4998 NF.
If it continues towards 5066 Nifty spot levels, then it presents an excellent opportunity to buy into some shorts with good risk : reward ratio.
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Break of 4972 NF to be watched.Should bring 4945 NF or our 4954 spot from morning.
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Aggresive trade :
Buy Bank Nifty at current levels ( 9125-9135)
Sl 9090
Target : will update
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Bank Nifty aggressive trade stop hit.
Make an exit.
Saw 9170 after my entry at 9126
Posts
28 comments:
Those who had requested for the study material and have not received a copy may please send me a mail at vtrender@gmail.com.
@shai
i didnt rcvd stuy n mail ..(hope i m eligble)
further wht make u 2 c 4954 frm spot 5000 thn 5027..
Mp defines value areas ..but hw u are able 2 say 4954 first?
manunidhi21@gmail.com
Manu,
Mp defines price-volume relationships and price-time relationships. Value areas are a byproduct of this.
4954 is a high volume region. I had mentioned it in last week's posts too. Same with 5066.
High vol zones give markets ample opportunity to auction attracting price.
shai pa ji..
its experience that u c 4954 frm 5000 spot?
actually i m calwys confused fr ths..so i take up
small time +/- div to help get me out plus news..
my question s y 4954 before 5066/5027 whn a we stand at a pivot f 5000..
Manu,
There are no certainties in trading only possibilities and when we trade we try to get max odds on our side.
We mentioned that 5000 was a pivot and the market is rotating around there for the past 90 mins since my post at 10.00 am.
Odds of a move upto 5066 have increased, but let the market confirm it..
@shai
thnx..u cn put material on 4shared
and
whr s viren..
i hav a bag full of doubts:)say hi to him
@ All,
Material on 4 shared.
Check link in post above.
Dear Shai, u mean to say we can go short near 5060??
or can we short below 5003 NS for target of 4954?
i m watching 4998 very closely
Bizagra,
Hope you shorted. Day high is in.
No shai not able to short as no reply from u.
Bizagra,@ All,
Do tweet me at http://twitter.com/Vtrender for anything urgent.
Shai I took long at break of 5003 Nf now it reverse
Yt should I do hold Longs or book loss?
Musti,
I'm expecting buying to re-emerge at 4944 NF/ 4954 spot.
For intra day, 5023 looks difficult to be reached again.
So can I average @ 4954 with sl 4940?
Dear Shai - from where do we determine the volumes - from your messages you mentined that at 4954 there was huge volume and so was the case at 5060 - so at this moment 4954 is support and 5060 is resistance - how can I find the volumes in relations to price ? - is there a particular website giving this info ? regards Deepak
Musti,
I'll suggest a stop and reverse at 4940 NS target 4882 NS the other way.
Deepak,
A market profile chart like the one I posted will give you all the data.
As in all data, interpretation lies with you !!
Shai this file not open
I try it thrice but fail
Msg coming not find any such link
Plz look at it.
& also thx for ur sugestion regarding my Nf position I will do the same.
saw ur bank nifty buy trade call just now
but since i got a lil late to see that
and then how could i perfectly know the timings of posting of that call, so that i may re assure, that i am not late to do that
thanks answering
i mean, how cud i make out the timming of the call, thanks
Rochak,
I don't expect you to copy my trades, neither do I make claims about my accuracy or timeliness. I manage my portfolio and that of some friends and the trades I put here represent only a fraction of what I actually do in a day.
Now of course, you would ask me why I do it ?
The simple answer would be to study the levels and later pick up clues for you to interpret your own trades in the future.If you can trade along with me it's fine, but if you can't my entries and exits can leave a study trail.
i only meant to say
it wud be really great for us to execute our trades, if u can arrange timmings to be associated along with ur calls, thanks
@ Rochak,
Oh you mean time-stamps !
I didn't put them today.My Bad !
Kinldy send me the study material at nimesh_rpatel@rediffmail.com
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