Monthly (September 2020) charts and Market Profile Analysis
Nifty Spot – 11247 [ 11618 / 10790 ] Monthly Profile (September 2020) Previous month’s report ended with this ‘Value for the month was higher at 11130-11311-11550 and has rejections at both ends with the selling tail being from 11617 to 11794 which would be the supply zone for the coming month. On the downside, […]
Market Profile Analysis dated 30th September 2020
Nifty Oct F: 11257 [ 11295 / 11195 ] NF made an OAIR start and remained in previous day’s range all day to leave an inside bar on the daily as it made multiple rounds of the 80% Rule in previous Value and in the process formed overlapping to higher Value for the second consecutive […]
Market Profile Analysis dated 29th September 2020
Nifty Oct F: 11235 [ 11298 / 11186 ] NF opened higher and went on to make a high of 11298 in the ‘A’ period but could not continue higher as it then broke below VWAP and trended lower getting back into previous day’s range and completing the 80% Rule in the Value Area as […]
Market Profile Analysis dated 28th September 2020
Nifty Oct F: 11238 [ 11249 / 11090 ] NF opened higher well above the Neutral Extreme reference of 11013 to 11077 as it made a low of 11090 in the ‘A’ period and continued to probe higher completing the 2 ATR target of 11165 from Friday’s FA of 10857 in the IB (Initial Balance) […]
Market Profile Analysis dated 25th September 2020
Nifty Oct F: 11042 [ 11077 / 10857 ] NF rejected previous day’s spike with a higher open but got stalled just below the VAH of 10951 as it made a high of 10941 in the IB (Initial Balance) after which it probed lower and even made a C side extension lower as it made […]
Weekly charts (21st to 25th September 2020) and Market Profile Analysis
Nifty Spot Weekly Profile (21st to 25th Sep 2020) Spot Weekly – 11050 [ 11535 / 10790 ] Previous week’s report ended with this ‘The weekly profile is a well balanced one in a relatively narrow range of 235 points and saw two-way auction on most of the days which explains the Neutral Centre Close. […]
Market Profile Analysis dated 24th September 2020
Nifty Oct F: 10836 [ 11040 / 10819 ] As expected, NF moved away from the 2-day balance in the form of a big gap down of 138 points after which if formed a balance over the first half of the day and typical of an OAOR start, the auction gave a big move in […]
Market Profile Analysis dated 23rd September 2020
Nifty Sep F: 11147 [ 11245 / 11028 ] NF opened higher well above the first supply point of 11202 but could not take out the higher one at 11255 as it stalled at 11245 after which it probed lower and took support just above previous day’s prominent POC of 11176 as it made a […]
Market Profile Analysis dated 22nd September 2020
Nifty Sep F: 11162 [ 11292 / 11103 ] NF opened slightly higher but could not get above the Neutral Extreme reference of 11324 as it got stalled at 11292 from where it resumed the imbalance seen since yesterday afternoon and it not only broke below PDL (Previous Day Low) but also took out the […]
Market Profile Analysis dated 21st September 2020
Nifty Sep F: 11256 [ 11527 / 11225 ] NF made an OAIR (Open Auction In Range) start on low volumes as it remained mostly above previous week’s VAL for the first half of the day but importantly made a C side extension higher where it got rejected from just below the prominent weekly POC […]