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Nifty Spot: 24894 [ 24904 / 24587 ] Neutral Extreme (Up)
Previous week’s report ended with this ‘The weekly profile is a Trend One to the downside in an elongated range of 702 points with mostly lower Value at 24946-25074-25294 and has left couple of extension handles at 24949 & 24881 with a spike close from 24703 to 24629 which will be the zone to watch in the coming week staying below which the downside can continue towards the buying singles of 24503 (01-05 Sep) & the weekly halfback of 24231 (05-09 May)'
29 Sep (Monday) - 24634 [ 24791 / 24606 ] Neutral Extreme (Down)
30 Sep (Tuesday) - 24611 [ 24691 / 24587 ] Normal Variation (Down)
01 Oct (Wednesday) - 24836 [ 24868 / 25605 ] Trend (Up)
02 Oct (Thursday) - Holiday
03 Oct (Friday) - 24894 [ 24904 / 24747 ] Normal (Spike close)
Nifty has formed a Neutral Extreme profile to the upside on the weekly timeframe with completely lower Value at 24605-24660-24780 as the look down below previous week's low resulted in a FA (Failed Auction) getting confirmed at 24587 so as long as the auction stays above 24791 in the coming week it could go on to hit the 1 ATR objective of 25049 with an important sell side extension handle at 24932 being the immedite hurdle.
Click here to view this week’s MarketProfile of Nifty on Vtrender Charts
06 Oct (Monday) - 25077 [ 25095 / 24881 ] Trend (Up)
07 Oct (Tuesday) - 25108 [ 25220 / 25076 ] Normal
08 Oct (Wednesday - 25046 [ 25192 / 25008 ] Normal Variation (Down)
09 Oct (Thursday) - 25181 [ 25199 / 25024 ] Normal Variation (Up)
Up |
|---|
25181 - Prev Close 25234 - VAH (22 Sep) 25279 - VPOC (22 Sep) 25317 - PBH (22 Sep) 25342 - VPOC (19 Sep) 25393 - Sell Tail mid (19 Sep) |
Down |
|---|
25158 - M TPO low (09 Oct) 25111 - 09 Oct Halfback 25071 - C TPO h/b (09 Oct) 25032 - Buy Tail (09 Oct) 24988 - 06 Oct Halfback 24947 - Ext Handle (06 oct) |
BankNifty Spot: 55348 [ 55406 / 54226 ] Trend (Up)
Previous week’s report ended with this 'The weekly profile is a Triple Distribution Trend one to the downside with overlapping to lower Value at 55025-55122-55560 with 2 important sell side extensions at 54993 & 54499 which will be the levels to watch on the upside in the coming week whereas below this week's low of 54311, BankNifty could go for a test of the weekly VPOC of 54178 and the important support of 53988 & a break of which could trigger a revisit of the weekly FA of 53561'
29 Sep (Monday) - 54461 [ 54686 / 54226 ] Neutral
30 Sep (Tuesday) - 54635 [ 54793 / 54503 ] Normal (3-1-3)
01 Oct (Wednesday) - 55348 [ 55406 / 54582 ] Trend (Up)
02 Oct (Thursday) - Holiday
03 Oct (Friday) - 24894 [ 24904 / 24747 ] Normal (Spike close)
BankNifty also made a look down below previous week's low and got rejected almost retracing the entire Trend Down profile's range forming a Double Distribution (DD) kind of a weekly structure with overlapping to lower value at 54228-54654-55317 and has an important DD zone from 55177 to 55029 which will act as support for the coming week for a probe towards the higher VPOC of 56187.
Click here to view this week’s MarketProfile of BankNifty on Vtrender Charts
06 Oct (Monday) - 56104 [ 56164 / 55727 ] Normal Variation (Up)
07 Oct (Tuesday) - 56239 [ 56502 / 56025 ] Normal Variation (Up)
08 Oct (Wednesday - 56018 [ 56303 / 55821 ] Normal Variation (Down)
09 Oct (Thursday) - 56192 [ 56286 / 55843 ] Normal Variation (Up)
Up |
|---|
56228 - 2-day VAH (08-09 Oct) 56345 - VPOC (07 Oct) 56485 - Sell tail (07 Oct) 56578 - FA (28 Jul) 56702 - E TPO h/b (25 Jul) 56825 - C TPO h/b (25 Jul) |
Down |
|---|
56165 - 2-day POC (08-09 Oct) 56013 - 2-day VAL (08-09 Oct) 55877 - Buy Tail (09 Oct) 55712 - Gap mid (06 Oct) 55616 - Ext Handle (Oct) 55515 - VPOC (03 Oct) |
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