This is a 18 minute video covering the longer profile in Nifty and BankNifty , the Jan and FEb series and a look ahead to march.
Apologise for the poor audio quality ( you may have to turn up your speakers)
Updating the post above with 2 charts :
This chart above is that of the Nifty spot and is of a balance zone of the larger swing move in Nifty made in the OCT to DEC period.
The profile chart shows a large composite balance with a value area clearly defined between 6140 spot and 6275 spot.
Since this is a larger value area the swing trader retains a positive bias on a close above 6275 spot VAH.
Previously in DEC the market traded above 6275 spot and as much as 6355 spot, but the charts would show today that as a failed breakout with an 80% completed as the market went below VAH to 6140 VAL and from VAL 6140 to 5930 at the lower end of the profile.
Trading wise we remain positive above 6275 spot but we will short if we move below 6275 spot from above for 6140 spot if the look up below VAH fails again.
The trading range will continue till we are in this 5930- 6350 zone
The Composite chart in the BN spot is from the early Jan Period and just before the 1000 point fall.
The BN is currently at the lower end of this zone and at 10777 roughly.
If we move above this 10777 then the first stop will be VAL currently at 10936 followed by the 80% rule trade to 11140 and then top of the balance at 11256.