22/12/11
Nifty : The NF profile shows a breakout above the 2 day balance area above the 4632 levels. The day was neutral extreme with a close at the upper extreme. Th positive momentum can only sustain if a neutral extreme day opens above the high of the day.4668 is the value high for today’s breakout […]
trend 21/12/11
Here is the updated chart to the one which ws posted this morning One of the basic rules of market profile state that if a markets stays above Value area high, it implies that buyers are in control of the day’s action. 4617 which was the value we were tracking was never really broken though […]