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Nifty Spot: 25492 [ 25803 / 25318 ] Neutral Extreme (Down)
Previous week’s report ended with this ‘Nifty remained in previous week's range and confirmed a weekly FA at 25810 but could only manage to tag 26097 stalling just below the daily FA of 26104 and left a selling tail at the Nov RO (RollOver) point of 26090 triggering a probe lower as it negated the FA of 25810 and made new lows for the week at 25711 forming back to back Neutral Extreme weekly profiles to the downside with mostly overlapping Value at 25828-25935-26002 and looks set for a move away from this 2-week balance with the negated FA of 25810 being an important reference for the coming week'

03 Nov (Monday) - 25763 [ 25803 / 25645 ] Normal Variation ('p' shape)
04 Nov (Tuesday) - 25597 [ 25787 / 25578 ] Trend (Down)
05 Nov (Wednesday) - Holiday
06 Nov (Thursday) - 25509 [ 25679 / 25491 ] Normal Variation (Down)
07 Nov (Friday) - 25492 [ 25551 / 25318 ] Double Distribution (Up)
Nifty opened lower repairing the poor lows of the last couple of weeks as it made a low of 25645 leaving an initiative buying tail on Monday and went on to make a high of 25803 in the K TPO where it left a small selling tail just below the reference of 25810 and went on to confirm yet another weekly FA re-confirming the move from balance to imbalance on the higher timeframe as it went on to complete the 1 ATR objective of 25348 also testing the weekly buying extension handle of 25330 (13-17 Oct) while making a low of 25318 and gave a bounce back to 25551 before closing the week at 25492 completing a hat-trick of Neutral Extreme weekly profiles on the downside with completely lower Value at 25536-25754-25797.
Click here to view this week’s MarketProfile of Nifty on Vtrender Charts

10 Nov (Monday) - 25574 [ 25653 / 25503 ] Normal Variation (Up)
11 Nov (Tuesday) - 25694 [ 25715 / 25449 ] Neutral Extreme (Up)
12 Nov (Wednesday) - 25875 [ 25934 / 25781 ] Normal Variation (Up)
13 Nov (Thursday) - 25879 [ 26010 / 25808 ] Normal Variation (Up)
Up |
|---|
25879 - Prev Close 25934 - Sell tail (Nov) 25989 - SOC (13 Nov) 26042 - VPOC (29 Oct) 26090 - Nov RO (RollOver) 26134 - Sell Tail (30 Sep'24) |
Down |
|---|
25855 - Buy Tail (13 Nov) 25803 - Ext Handle (Nov) 25765 - Gap mid (12 Nov) 25715 - SOC (Nov) 25653 - Weekly IBH 25617 - I TPO h/b (11 Nov) |

BankNifty Spot: 57876 [ 58247 / 57157 ] Neutral Centre
Previous week’s report ended with this 'BankNifty has formed an inside bar on the weekly and a nice Gaussian Curve with completely inside Value at 57924-58161-58260' with a close below value so has a good chance of a move away in the coming week'

03 Nov (Monday) - 58101 [ 58247 / 57718 ] Normal Variation (Up)
04 Nov (Tuesday) - 57827 [ 58119 / 57732 ] Normal Variation (Down)
05 Nov (Wednesday) - Holiday
06 Nov (Thursday) - 57554 [ 57945 / 57521 ] Normal Variation (Down)
07 Nov (Friday) - 57876 [ 58001 / 57157 ] Trend (Up)
BankNifty did not give the expected move away from the 2-week balance on Monday but to the contrary left an initiative buying tail and got back into previous Value triggering the 80% Rule as it scaled above the prominent POC of 58161 and made a high of 58247 stalling just below the VAH leaving a very small K TPO responsive selling tail which was followed by couple of initiative ones over the next 2 sessions as it confirmed a weekly FA at highs and went on to almost complete the 1 ATR target of 57156 as it made a low of 57157 in the A period on Friday and saw some demand coming back just above the Oct VWAP of 57124 resulting in a sharp move back to 58001 before closing around the prominent weekly POC of 57867 leaving a Neutral Centre structure for the week with overlapping to lower Value at 57685-58767-58174 and an important buying tail from 57249 to 57157
Click here to view this week’s MarketProfile of BankNifty on Vtrender Charts

10 Nov (Monday) - 57937 [ 58097 / 57846 ] Normal
11 Nov (Tuesday) - 58138 [ 58187 / 57594 ] Neutral Extreme (Up)
12 Nov (Wednesday) - 58274 [ 58507 / 58171 ] Normal (Spike)
13 Nov (Thursday) - 58381 [ 58616 / 58127 ] Normal Variation (Up)
Up |
|---|
58400 - M TPO h/b (13 Nov) 58507 - Sell tail (Nov) 58616 - ATH 58792 - Monthly 1.5 IB 58939 - Weekly ATR 59085 - 1 ATR (yPOC 58575) |
Down |
|---|
58371 - 13 Nov Halfback 58238 - A TPO h/b (13 Nov) 58050 - VPOC (11 Nov) 57920 - H TPO h/b (11 Nov) 57817 - F TPO h/b (11 Nov) 57690 - D TPO h/b (11 Nov) |
