A “market profile” presents a number of basic elements from the market in an easily understood graphic format , when analyzed properly.
The Market Profile offers a charting approach that is markedly different than bar or candlestick charts, which have been used historically to graph market activity.
When you trade with Market Profile, you in effect get a new and more powerful way to view the base market data. This base data is price, time and volume.
Market Profile gives clarity to the volatility of the markets. If it is backed by volume, it’s shown to be a more significant movement or area. And Market Profile displays the exact levels where volume-backed volatility occurred.
Market Profile charts dated 17th Sept
MarketProfile charts of the Nifty and the BankNifty Sept Futures updated to trade date 17th Sept
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