Love Vtrender Charts? Check out our new offer!
Nifty Spot: 25709 [ 25781 / 25060 ] Neutral Extreme (Up)
Previous week’s report ended with this ‘The weekly profile is a Double Distribution Trend up one with an initiative buying tail from 24937 to 24881 forming completely higher Value at 25024-25141-25204 from where it left an extension handle at 25220 and almost tagged the weekly VPOC of 25333 while making a high of 25330 and settled down to close at the upper HVN of 25285 which will be the opening reference for the coming week'
13 Oct (Monday) - 25227 [ 25267 / 25152 ] Normal
14 Oct (Tuesday) - 25145 [ 25310 / 25060 ] Normal Variation (Down)
15 Oct (Wednesday) - 25323 [ 25365 / 25159 ] Normal Variation (Up)
16 Oct (Thursday) - 25585 [ 25625 / 25376 ] Trend (Up)
17 Oct (Friday) - 25709 [ 25781 / 25508 ] Normal Variation (Up)
Nifty has formed a Neutral Extreme weekly profile to the upside with overlapping to higher Value at 25060-25190-25353 from where it left an extension handle at 25353 taking out the weekly VPOCs of 25333 & 25452 where it left another extension handle at 25472 and went on to make a high of 25781 before settling down around the upper HVN of 25672 which will be the opening reference for the coming week.
Click here to view this week’s MarketProfile of Nifty on Vtrender Charts
20 Oct (Monday) - 25843 [ 25926 / 25788 ] Normal
21 Oct (Tuesday) - 25868 [ 25934 / 25825 ] Normal
22 Oct (Wednesday) - Holiday
23 Oct (Thursday) - 25891 [ 26104 / 25862 ] Neutral Extreme (Down)
Up |
|---|
25925 - Ext Handle (23 Oct) 25983 - 23 Oct Halfback 26050 - POC (23 Oct) 26104 - FA (23 Oct) 26151 - SOC (Sep 2024) 26190 - VPOC (27 Sep 2024) |
Down |
|---|
25891 - Prev Close 25848 - VPOC (20 Oct) 25781 - Ext Handle (Oct) 25725 - L TPO h/b (17 Oct) 25672 - POC (17 Oct) 25620 - PBL (17 Oct) |
BankNifty Spot: 57713 [ 5783 / 56230 ] Neutral Extreme (Up)
Previous week’s report ended with this 'The weekly structure is a Normal Variation one to the upside with an initiative buying tail from 55821 to 55727 above which it formed a largely balanced Value area zone at 55856-56066-56346 and moved away from this zone with a tail till 56471 which will be the first support for the coming week whereas for more upside, BankNifty will need to sustain above the closing HVN of 56608 with the higher weekly VPOC of 57082 being the first objective'
13 Oct (Monday) - 56625 [ 56770 / 56327 ] Normal Variation (Up)
14 Oct (Tuesday - 56496 [ 56721 / 56230 ] Normal Variation (Down)
15 Oct (Tuesday) - 56799 [ 56922 / 56491 ] Normal Variation (Up)
16 Oct (Thursday) - 57422 [ 57525 / 56994 ] Double Distribution (Up)
17 Oct (Friday) - 57713 [ 57830 / 57238 ] Normal Variation (Up)
BankNifty has also formed a Neutral Extreme weekly profile to the upside with overlapping to higher Value at 56230-56586-57005 with a Failed Auction (FA) at lows of 56230 plus an extension handle at 56893 taking out the weekly VPOCs of 57082 & 57422 after whcih it went on to make a high of 57830 before settled down to close at the upper HVN of 57726 which will be the opening reference for the coming week.
Click here to view this week’s MarketProfile of BankNifty on Vtrender Charts
20 Oct (Monday) - 58033 [ 58261 / 57872 ] Normal
21 Oct (Tuesday) - 58007 [ 58155 / 57887 ] Normal
22 Oct (Wednesday) - Holiday
23 Oct (Thursday) - 58078 [ 58577 / 57951 ] Neutral Extreme (Down)
Up |
|---|
58091 - M TPO high 58261 - Sell tail (Oct) 58414 - SOC (23 Oct) 58527 - POC (23 Oct) 58650 - Weekly 2 IB 58760 - 1 ATR (58261) |
Down |
|---|
58020 - Tail (23 Oct) 57872 - Weekly IBL 57752 - VPOC (17 Oct) 57612 - K TPO h/b (17 Oct) 57525 - Ext Handle (Oct) 57396 - PBL (17 Oct) |
Markets don't move because indicators change.
Indicators change because markets move.
A practical reference for NSE & BSE derivatives traders. 366 pages, built to sit open beside live charts.