Weekly Spot Charts (22nd to 26th Apr 2024) and Market Profile Analysis
Nifty Spot: 22420 [ 22626 / 22198 ] Nifty opened with a 190 point gap up on Monday but stalled just below 15th Apr’s VPOC of 22347 as it made an OH (Open=High) start at 22337 and filled up previous week’s low volumes zone taking support just above PDH of 22179 while making a low of […]
Desi MO (McClellans Oscillator for NSE) – 25th APR 2024
MO at 38, Declining volumes dip to 7%
Weekly Spot Charts (15th to 19th Apr 2024) and Market Profile Analysis
Nifty Spot: 22147 [ 22427 / 21777 ] Nifty continued previous week’s imbalance to the downside with a 180 point gap down open on Monday making a low of 22263 in the A period taking support just above the weekly DD singles from 22252 to 22193 (26-28 Mar) after which it made a probe higher making […]
Market Profile Analysis dated 12th April 2024
Nifty Apr F: 22601 [ 22767 / 22590 ] Open Type ORR (Open Rejection Reverse) Volumes of 20,893 contracts Above average Initial Balance 86 points (22767 – 22681) Volumes of 51,369 contracts Range below average but volumes above Day Type Double Distribution – 177 pts Volumes of 1,70,291 contracts Above average NF opened below previous lows […]
Weekly Spot Charts (08th to 12th Apr 2024) and Market Profile Analysis
Nifty Spot: 22519 [ 22775 / 22503 ] Nifty moved away from previous week’s balance to the upside negating the selling tail from 22580 to 22619 with initiative buying singles from 22586 to 22550 recording new ATH of 22697 on Monday and continued the upmove with higher highs of 22765 in the A period on Tuesday […]
Weekly Spot Charts (01st to 05th Apr 2024) and Market Profile Analysis
Nifty Spot: 22513 [ 22619 / 22304 ] Nifty opened the week with similar highs of 22524 & 22529 in the Initial Balance on Monday and formed back to back narrow range Normal Days building prominent POCs at 22460 & 22423 and opened lower on Wednesday where it left an initiative buying tail along with an […]
Weekly Spot Charts (25th to 29th Mar 2024) and Market Profile Analysis
Nifty Spot: 22327 [ 22516 / 21947 ] Nifty opened the week with a narrow 126 point range Normal Day and a ‘p’ shape profile leaving an important A period buying tail at the weekly POC of 22002 indicating that the PLR (Path of Least Resistance) was to the upside though it got stalled at the […]
Monthly charts (March 2024) and Market Profile Analysis
Nifty Spot: 22327 [ 22526 / 21710 ] Previous month’s report can be viewed here Nifty opened the month with a Trend Day Up not only leaving an A period buying tail but also another zone of singles at the monthly VAH of 22260 signalling the move away from previous Value as it even went on […]
Weekly Spot Charts (18th to 22nd Mar 2024) and Market Profile Analysis
Nifty Spot: 22096 [ 22180 / 21710 ] Nifty continued to build on previous week’s POC of 21987 in the first half on Monday where it made an attempt to extend lower in the E period which was rejected leading to a FA being confirmed at 21916 and a Neutral Extreme (NeuX) Day as it stopped […]
Weekly Spot Charts (11th to 15th Mar 2024) and Market Profile Analysis
Nifty Spot: 22023 [ 22526 / 21905 ] Nity opened the week with a probe above ATH of 22525 on Monday but could not sustain leaving an A period selling tail as it got back into previous week’s Value and filled up the upper part of the profile while making a low of 22307 after which […]