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Nifty Spot: 24565 [ 24956 / 24535 ] Neural Extreme (Down)
Previous week’s report ended with this ‘Nifty has made a hat-trick of Neutral Extreme (Down) weekly profiles emphasising how the buyers have repeatedly failed in the month of July as we enter the final week with the current Value zone once again being a well balanced overlapping one at 25000-25059-25209 with the NeuX handle at 24882 which will be the immediate supply point along with the selling tail from 24946 and weekly POC of 25059 whereas on the downside, we are right at that unvisited VPOC of 24790 (16-20 Jun) below which the buying tail from 24593 to 24473 comes into play'
28 Jul (Monday) - 24680 [ 24889 / 24646 ] Neutral Extreme (Down)
29 Jul (Tuesday) - 24821 [ 24847 / 24598 ] Double Distribution (Up)
30 Jul (Wednesday) - 24855 [ 24902 / 24772 ] Neutral Centre
31 Jul (Thursday) - 24768 [ 24956 / 24635 ] Outside Bar
01 Aug (Friday) - 24565 [ 24784 / 24535 ] Neutral Extreme (Down)
Nifty continued the trend of forming Neutral Extreme (Down) profiles on the weekly timeframe and this time formed completely lower Value at 24617-24680-24825 along with a FA at 24956 on the higher timeframe as it not only stayed below the weekly VPOC of 24790 but went on to break the support of 24593 with a sell side extension handle at 24580 while making a low of 24535. If this NeuX gives a follow through, this imbalance can continue towards the swing low of 24473 & 1 ATR from 24956 which comes to 24415 in the coming week
Click here to view this week’s MarketProfile of Nifty on Vtrender Charts
04 Aug (Monday) - 24722 [ 24736 / 24554 ] Normal Variation (Up)
05 Aug (Tuesday) - 24649 [ 24733 / 24590 ] Normal (Double Inside)
06 Aug (Wednesday) - 24574 [ 24671 / 24539 ] Normal Variation (Down)
07 Aug (Thursday) - 24596 [ 24634 / 24344 ] Neutral Extreme (Up)
Up |
|---|
24601 - Sell tail (07 Aug) 24649 - Sell Tail (06 Aug) 24694 - 3-day VAH (01-06 Aug) 24734 - Weekly IBH 24784 - FA (01 Aug) 24824 - Weekly 1.5 IB |
Down |
|---|
24590 - M TPO low (07 Aug) 24553 - L TPO h/b (07 Aug) 24519 - SOC (07 Aug) 24474 - K TPO h/b (07 Aug) 24426 - POC (07 Aug) 24370 - Buy tail (07 Aug) |
BankNifty Spot: 55617 [ 56578 / 55547 ] Normal Variation (Down)
Previous week’s report ended with this 'The weekly profile is a Normal Variation One to the upside forming completely inside Value at 56723-57082-57108 and will need to take out the buying tail from 56439 to 56255 on the downside for a probe lower towards the weekly VPOC at 55682 (16-20 Jun) and the buying tail from 55376 to 55149 (09-13 Jun) in the coming week'
28 Jul (Monday) - 56084 [ 56578 / 55997 ] Neutral Extreme (Down)
29 Jul (Tuesday) - 56222 [ 56296 / 55843 ] Normal Variation (Up)
30 Jul (Wednesday) - 56150 [ 56321 / 56064 ] Neutral Centre
31 Jul (Thursday) - 55962 [ 56406 / 55547 ] Neutral (Outside Bar)
01 Aug (Friday) - 55617 [ 56097 / 55562 ] Neutral Extreme (Down)
Click here to view this week’s MarketProfile of BankNifty on Vtrender Charts
04 Aug (Monday) - 55619 [ 55752 / 55437 ] Normal (3-1-3)
05 Aug (Tuesday) - 55360 [ 55648 / 55202 ] Normal Variation (Down)
06 Aug (Wednesday) - 55411 [ 55559 / 55227 ] Neutral Centre
07 Aug (Thursday) - 55521 [ 55614 / 54973 ] Neutral Extreme (Up)
Up |
|---|
55551 - Sell tail (07 Aug) 55663 - VAH (05 Aug) 55752 - Weekly IBH 55924 - PBH (01 Aug) 56077 - Sell tail (01 Aug) 56170 - RO Point (Aug) |
Down |
|---|
55507 - M TPO low (07 Aug) 55364 - Ext Handle (07 Aug) 55221 - SOC (07 Aug) 55129 - POC (07 Aug) 55002 - Buy Tail (07 Aug) 54889 - M TPO low (22 May) |
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