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Nifty Spot: 26068 [ 26246 / 25876 ] Neutral Extreme (Up)
Previous week’s report ended with this ‘The weekly profile as has become the habit is yet another Neutral Extreme one but for a change it is to the upside this time with mostly higher Value at 25787-25893-26010 and a FA at lows of 25449 which has completed the 1 ATR target of 25908 and closed above it so can look for more upside in the coming week towards the ATH of 26277 & the 2 ATR mark of 26366 whereas the immediate support would be the singles zone from 25751 to 25715 and below it the HVN of 25634 along with the daily VPOC of 25517'
17 Nov (Monday) - 26013 [ 26024 / 25906 ] Normal Variation (Up)
18 Nov (Tuesday) - 25910 [ 26029 / 25876 ] Normal (Outside Bar)
19 Nov (Wednesday) - 26052 [ 26074 / 25856 ] Trend (Up)
20 Nov (Thursday) - 26192 [ 26246 / 26063 ] Double Distribution (Up)
21 Nov (Friday) - 26068 [ 26179 / 26052 ] Neutral Extreme (Down)
Nifty has formed another Neutral Extreme weekly profile to the upside with overlapping to higher Value at 25857-25969-26099 leaving yet another FA at lows of 25856 as it went on to make new highs for 2025 at 26246 but saw some profit booking by the buyers triggering a retracement back to 26052 into the close. The daily VPOC of 26018 along with the HVN at 25950 will be the immediate support zone for the next week whereas on the upside, the auction will need to get back above the RO point of 26090 & Friday's FA of 26179 for the pending upside targets of 26277 & 26366
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24 Nov (Monday) - 25959 [ 26142 / 25912 ] Neutral Extreme (Down)
25 Nov (Tuesday) - 25884 [ 26032 / 25857 ] Neutral Extreme (Down)
26 Nov (Wednesday) - 26205 [ 26215 / 25843 ] Normal Variation (Up)
27 Nov (Thursday) - 26215 [ 26310 / 26141 ] Neutral
Up |
|---|
26226 - 27 Nov Halfback 26278 - POC (27 Nov) 26324 - 1 ATR (WFA 25856) 26366 - 2 ATR (WFA 25449) 26423 - 1 ATR (26226) 26476 - 1 ATR (26279) |
Down |
|---|
26207 - M TPO low (27 Nov) 26143 - Buy tail (27 Nov) 26098 - Ext Handle (26 Nov) 26061 - B TPO tail (26 Nov) 26024 - Buy Tail (26 Nov) 25969 - Nov POC |
BankNifty Spot: 58867 [ 59440 / 58605 ] Normal Variation (Up)
Previous week’s report ended with this 'BankNifty formed a Neutral Extreme profile to the upside with overlapping to higher Value at 57884-58032-58396 and looks good for a move away from this 4-week balance now to the upside in the coming week as it ventures into unchartered territory'
17 Nov (Monday) - 58962 [ 59001 / 58605 ] Normal ('p' shape)
18 Nov (Tuesday) - 58899 [ 59103 / 58798 ] Neutral
19 Nov (Wednesday) - 59216 [ 59264 / 58688 ] Trend (Up)
20 Nov (Thursday) - 59347 [ 59440 / 59125 ] Normal Variation (Up)
21 Nov (Friday) - 58867 [ 59232 / 58823 ] Normal Variation (Down)
BankNifty continued the upmove with a buying tail on Monday and completed the 2 IB objective of the week while recording new ATH at 59440 on Thursday where it saw profit booking as the dPOC shifted higher to 59353 and similar to Nifty gave a dip down to 58823 taking support just above the daily VPOC of 58814 leaving a Normal Variation profile to the upside with completed higher Value at 58784-58936-59115 which is a well balanced zone so will need to look out for confirmation of an initiative move away from here in the coming week.
Click here to view this week’s MarketProfile of BankNifty on Vtrender Charts
24 Nov (Monday) - 58835 [ 59310 / 58649 ] Neutral Extreme (Down)
25 Nov (Tuesday) - 58820 [ 59166 / 58746 ] Normal Variation (Up)
26 Nov (Wednesday) - 59528 [ 59555 / 58783 ] Normal
27 Nov (Thursday) - 59737 [ 59866 / 59523 ] Neutral Centre
Up |
|---|
59783 - VAH (27 Nov) 59866 - PDH 59983 - Weekly ATR 60148 - Weekly 3 IB 60266- 1 ATR (59783) 60396 - Monthly ATR |
Down |
|---|
59737 - POC (27 Nov) 59627 - VAL (27 Nov) 59467 - VPOC (26 Nov) 59367 - B TPO Tail (26 Nov) 59272 - Buy Tail (26 Nov) 59169 - 26 Nov Halfback |
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