This blog intends to reduce the noise from the markets by the use of Market Profile as well as studying inter-market associations and their relevance to the short-term trend.
So... Can we expect decent rally above -100 MO? Even Kris is expecting same in his latest notes of today. Should that happen which CE we should buy 5000? and Thanks RM for your MO figures daily. Sharad Gupta
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8 comments:
Hi RM :
MO is at -95, what is the maximum you have seen,(-200?)
regards
Vinod
Hi Vinod
Maximum in my database from Jan 2006 is:
-160.46 and + 177.64.
Some historic values beyond +,- 120:
Date Nifty MO
08JUN2006 2724 -158.50
16AUG2006 3356 +130.87
22JAN2008 4899 -160.46
21APR2008 5037 +140.12
10AUG2008 3280 -122.91
16DEC2008 3042 +157.96
15APR2009 3484 +177.64
18JUN2009 4251 -144.65
07APR2011 5886 -120.78
regards.
rm
Thanks RM for the dates.
It's fair to say that -120 has been an extreme.
So... Can we expect decent rally above -100 MO? Even Kris is expecting same in his latest notes of today. Should that happen which CE we should buy 5000? and Thanks RM for your MO figures daily.
Sharad Gupta
Sharad,
If we stay above 4927, first stop should be 4986 NF, which will be a sort of turning point for the series close.
on the other hand a failure to move decisively abv 4927 means more lows ahead.
5000 is max pain now for the series, down from 5200 of last week.
Hi RM:
Thanks for the detailed MO data.
regards
Vinod
Nice work RM!
RM is now the official Vtrender Stats Guru :)
Hi Girish
Difficult to believe now that i flunked my 6th standard history exams because I could not remember the dates for all those Panipat wars. :)
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