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Nifty Spot: 26042 ( 26236 / 26008) Neutral
Previous week’s report ended with this ‘Nifty formed a Normal Variation weekly profile to the downside but with overlapping to higher Value at 25817-25882-25981 and more importantly has given a move away from the 2-week overlapping POC of 25882 so could continue this imbalance at the start of the next week'
22 Dec (Monday) - 26172 ( 26180 / 26047) Normal Variation (Up)
23 Dec (Tuesday) - 26177 [ 26233 / 26119 ] Normal
24 Dec (Wednesday) - 26142 [ 26236 / 26123 ] Neutral
25 Dec (Thursday) - Holiday
26 Dec (Friday) - 26042 [ 26144 / 26008 ] Normal Variation (Down)
Nifty started with an higher open and initiative buying tail on Monday but the upmove ended with a FA at 26236 on Wednesday where it got rejected in the monthly singles not only retracing the entire rise and completing the 1 ATR objective of 26064 but went on to make new lows for the week at 26008 leaving a narrow range Neutral profile for the week with completely higher Value at 26119-26140-26213 but has closed below Value so can go for a test of the magnet at 25882 on the downside if stays below December's POC of 26024 in the coming week.
Click here to view this week’s MarketProfile of Nifty on Vtrender Charts
29 Dec (Monday) - 25942 (26106 / 25920) Trend (Down)
30 Dec (Tuesday) - 25938 [ 25976 / 25878 ] Normal
31 Dec (Wednesday) - 26129 [ 26188 / 25969 ] Trend (Up)
01 Jan (Thursday) - 26146 [ 26197 / 26113 ] Normal Variation (Down)
Up |
|---|
26159 - POC (01 Jan) 26195 - Tail (01 Jan) 26236 - FA (24 Dec) 26282 - Weekly 2 IB 26325 - ATH 26354 - 1 ATR (26209) |
Down |
|---|
26146 - Prev Close 26117 - Tail (01 Jan) 26075 - F TPO h/b (31 Dec) 26028 - Ext Handle (31 Dec) 25988 - Dec VWAP 25938 - VPOC (30 Dec) |
BankNifty Spot: 59011 [ 59478 / 58947 ] Neutral Extreme (Down)
Previous week’s report ended with this 'BankNifty formed a composite 'b' shape weekly profile with overlapping to lower Value at 58898-59073-59172 and a close around the prominent POC from where we can expect a move away in the coming festive week of Christmas and a good chance for a mini Santa rally'
22 Dec (Monday) - 59304 [ 59371 / 59155 ] Normal
23 Dec (Tuesday) - 59299 [ 59402 / 59216 ] Normal
24 Dec (Wednesday) - 59183 [ 59478 / 59118 ] Normal Variation (Down)
25 Dec (Thursday) - Holiday
26 Dec (Friday) - 59011 [ 59180 / 58947 ] Normal Variation (Down)
BankNifty also saw an attempt by buyers to probe higher on the first 3 days of the week but they failed to extend the Initial Balance on each occasion bring back the sellers into play who then forced a weekly FA at 59478 and went on to form a Neutral Extreme weekly profile to the downside with mostly higher Value at 59168-59302-59416 with a close below Value.
Click here to view this week’s MarketProfile of BankNifty on Vtrender Charts
29 Dec (Monday) - 58932 [ 59140 / 58809 ] Normal Variation (Down)
30 Dec (Tuesday) - 59171 [ 59272 / 58737 ] Normal Variation (Up)
31 Dec (Wednesday) - 59581 [ 59766 / 59187 ] Trend (Up)
01 Jan (Thursday) - 59711 [ 59743 / 59569 ] Normal (Inside Bar)
Up |
|---|
59711 - Prev Close 59821 - 01 Dec Halfback 59968 - SOC (01 Dec) 60114 - FA (01 Dec) 60214 - 1 ATR (59821) 60368 - 1 ATR (WPOC 59302) |
Down |
|---|
59683 - POC (01 Jan) 59541 - PBL (31 Dec) 59408 - Dec VAH 59283 - Dec POC 59135 - Ext Handle (30 Dec) 59018 - PBL (30 Dec) |
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