Weekly Spot Charts (25th to 29th Dec 2023) and Market Profile Analysis
Nifty Spot: 21731 [ 21801 / 21329 ] Previous week’s report ended with this ‘The weekly profile is a Neutral Centre one with completely higher Value at 21217-21342-21478 with a nice responsive buying tail at lows from 21036 to 20976 along with the daily FA of 21232 from 22nd Dec which will be the references on […]
Monthly charts (December 2023) and Market Profile Analysis
Nifty Dec Spot: 21731 [ 21801 / 20183 ] Previous month’s report ended with this ‘The Monthly Profile is a Trend Up one with an initiative buying tail from 19064 to 18973 along with 3 extension handles at 19096, 19175 & 19276 after which it went on to complete the 80% Rule in the 4-month composite […]
Weekly Spot Charts (18th to 22nd Dec 2023) and Market Profile Analysis
Nifty Spot: 21349 [ 21593 / 20976 ] Previous week’s profie was a Neutral Extreme one to the upside after it showed weakness on the downside leaving poor lows at 20769 in an attempt to probe below the prior weekly Value and this failure of sellers not only triggered a short covering probe higher but also […]
Monthly charts (November 2023) and Market Profile Analysis
Nifty Nov Spot: 20133 [ 20158 / 18973 ] Previous month’s report ended with this ‘Value for the current month is at 19313-19537-19846 with the series VWAP closing at 19468 which matches with the higher SOC level of 19479 mentioned above and will serve as the Swing reference for the bulls to be back in November […]
Weekly Spot Charts (20th to 24th Nov 2023) and Market Profile Analysis
Nifty Spot: 19794 [ 19875 / 19670 ] Previous week’s report closed with this ‘The weekly profile is an elongated 461 point range Double Distribution Trend Up one with mostly higher Value at 19415-19449-19718 and a zone of singles from 19479 to 19614 which Nifty could fill up in the coming week if it stays below […]
Weekly Spot Charts (13th to 17th Nov 2023) and Market Profile Analysis
Nifty Spot: 19731 [ 19875 / 19414 ] Previous week’s profile was a well balanced one inside a narrow range of just 155 points but formed completely higher Value at 19365-19434-19456 with a close around the prominent POC of 19434 looking set for a move away from this zone which could be the start of a […]
Monthly charts (October 2023) and Market Profile Analysis
Nifty Oct Spot: 19079 [ 19849 / 18940 ] Previous month’s report ended with this ‘The monthly profile is an elongated 967 point range one with overlapping to higher Value at 19421-19675-19973 and has a buying tail from 19432 to 19255 along with an extension handle at 19458 which will be the swing zone for the […]
Weekly Spot Charts (23rd to 27th Oct 2023) and Market Profile Analysis
Nifty Spot: 19047 [ 19556 / 18837 ] Previous week’s report ended with this ‘The weekly profile is a Neutral Extreme one to the downside which made a look up above previous week’s high and got rejected and seems to have filled up the low volume zone from previous profile forming overlapping to lower Value at […]
Weekly Spot Charts (16th to 20th Oct 2023) and Market Profile Analysis
Nifty Spot: 19542 [ 19849 / 19512] Previous week’s report ended with this ‘The weekly profile is a Trend One Up which took support in last week’s buying zone and almost completed the 3 IB objective of 19806 but at the same time saw the POC shift higher to 19809 indicating profit booking by the buyers […]
Weekly Spot Charts (09th to 13th Oct 2023) and Market Profile Analysis
Nifty Spot: 19751 [ 19843 / 19480 ] Previous week’s report ended with this ‘The weekly profile is a Neutral Extreme (NeuX) One to the upside which started off with an imbalance to the downside in the first part where it tagged the lower weekly VPOC of 19335 (28th Aug to 01st Sep) and having met […]