Market Profile Analysis dated 01st April 2022
Nifty Apr F: 17713 [ 17740 / 17476 ] NF opened lower & even made a freak tick of 17423 but was swiftly rejected back into previous day’s range confirming an ORR (Open Rejection Reverse) start as the auction not only completed the 80% Rule in the 2-day composite Value of 17529-17542-17577 but went on to […]
Monthly charts (March 2022) and Market Profile Analysis
Nifty Spot – 17464 [ 17560 / 15671 ] Monthly Profile (March 2022) Previous month’s report ended with this ‘The Monthly profile is a Trending one to the downside with a big range of 1591 points with an extension handle at 17674 & overlapping to lower Value at 16891-17409-17619 with 16815 being the immediate reference on the upside […]
Market Profile Analysis dated 31st March 2022
Nifty Apr F: 17544 [ 17610 / 17502 ] NF made an OL (Open=Low) right at yVAL of 17529 and probed higher hitting new highs for the week at 17610 but left similar highs in the IB (Initial Balance) indicating exhaustion in the upmove after which it made a slow move lower for the rest of […]