Weekly Charts (17th to 20th November 2020) and Market Profile Analysis
Nifty Spot Weekly Profile (17th to 20th Nov 2020) Spot Weekly – 12859 [ 12963 / 12730 ] Previous week’s report ended with this ‘The weekly profile is a well balanced one with completely higher Value at 12576-12684-12738 looking like a composite ‘p’ and would need initiative volumes to move away here in the coming […]
Market Profile Analysis dated 19th November 2020
Nifty Nov F: 12793 [ 12976 / 12753 ] NF rejected previous day’s NeuX close as it opened with a gap down of 100 points but made an OL (Open=Low) start at 12857 after which it drove higher from yPOC of 12870 in the IB (Initial Balance) to retrace the entire gap as it made […]
Market Profile Analysis dated 18th November 2020
Nifty Nov F: 12957 [ 12966 / 12833 ] NF made a rare OAIR (Open Auction In Range) start and stalled right at PDH (Previous Day High) in the opening minutes after which it remained in a narrow 51 point range in the IB (Initial Balance) and continued to coil in the C period where […]
Market Profile Analysis dated 17th November 2020
Nifty Nov F: 12882 [ 12907 / 12801 ] NF opened with a huge gap up of 144 points continuing the Diwali Celebration as it moved away from the 3-day composite but did not find any fresh demand and settled down into yet another OAOR (Open Auction Out of Range) as it made a slow […]
Market Profile Analysis dated 13th November 2020
Nifty Nov F: 12753 [ 12765 / 12612 ] NF opened with a gap down of 81 points probing below PDL (Previous Day Low) as it hit a low of 12612 in the opening minutes but settled down into an OA (Open Auction) where it formed a narrow range IB (Initial Balance) of just 51 […]
Weekly charts (09th to 13th November 2020) and Market Profile Analysis
Nifty Spot Weekly Profile (09th to 13th Nov 2020) Spot Weekly – 12720 [ 12769 / 12367 ] Previous week’s report ended with this ‘The weekly profile is that of a Trend Up one with overlapping Value at 11574-11820-11928 but the immediate reference in the coming week would be Friday’s POC of 12245 & the […]
Market Profile Analysis dated 12th November 2020
Nifty Nov F: 12706 [ 12749 / 12638 ] NF opened lower for the first time in November and showed clear rejection from previous day’s POC of 12738 as it remained below it all day filling up the low volume zone of prior profile and for the second day running the sellers were able to […]
Market Profile Analysis dated 11th November 2020
Nifty Nov F: 12755 [ 12774 / 12577 ] NF opened with the 5th consecutive gap up and continued to probe higher in the IB (Initial Balance) as it made a high of 12764 but saw considerable contraction of range as well as volumes in the ‘B’ period which hinted at poor trade facilitation or […]
Market Profile Analysis dated 10th November 2020
Nifty Nov F: 12659 [ 12667 / 12482 ] NF continued the trend of opening with a gap up but today it retraced the entire gap of 115 points in the opening minutes as it made a low of 12482 taking support right at PDH (Previous Day High) and this defense of the spike close […]
Market Profile Analysis dated 09th November 2020
Nifty Nov F: 12467 [ 12485 / 12377 ] NF opened with a big gap up of 132 points and went on to make new ATH (All Time High) of 12453 in the IB (Initial Balance) and remained in the narrow 77 point IB range for most part of the day which was divided into […]