Market Profile Analysis dated 24th July
Nifty Jul F: 11278 [11356/11227] NF made an OL (Open=Low) start at 11320 and probed higher tagging that yPOC & HVN of 11355 in the opening 15 minutes where it got rejected to give an ORR (Open Rejection Reverse) after which the auction moved away from the 2-day balance it was forming leaving a selling tail […]
Market Profile Analysis dated 23rd July
Nifty Jul F: 11334 [11406/11305] NF made an OAIR start to the day & remained in previous day’s range as well as Value for most part of the day after it left a relatively small IB of 43 points forming a overlapping POC around the 11355 level which is still the reference to watch out for […]
Market Profile Analysis dated 22nd July
Nifty Jul F: 11360 [11407/11311] Previous report ended with this ‘The dPOC for the day shifted to 11435 as the day ended & this would be the level to watch in the coming session(s) on the upside & NF continues to remain weak for more downside if stays below it‘ and NF opened well below 11435 […]
Market Profile Analysis dated 19th July
Nifty Jul F: 11422 [11643/11402] NF opened higher above the previous day’s spike of 11625-11590 but got rejected from the yPOC of 11637 giving a Open Test Drive down as it left a classic Trend Day Down with an initiative selling tail from 11570 to 11643 as it made new lows for the week at 11510 […]
Weekly charts (15th July to 19th July) and Market Profile Analysis
Nifty Spot Weekly Profile (15th July to 19th July) 11419 [ 11706 / 11399 ] Nifty opened higher above previous week’s Value but was rejected as it seemed to give a drive down on Monday initiating the 80% Rule and tagging the weekly POC of 11556 as it left poor lows at 11532 to suggest […]
Market Profile Analysis dated 18th July
Nifty Jul F: 11604 [11665/11590] NF opened lower around the immediate support and PDL (Previous Day’s Low) of 11645-643 and gave a move up as it tagged 11665 in the opening 5 minutes but was rejected from previous day’s Value after which it went on to make new lows at 11630 in the ‘A’ period just […]
Market Profile Analysis dated 17th July
Nifty Jul F: 11676 [11693/11643] NF gave yet another OAIR (Open Auction In Range) start, the sixth in a row which indicated that the auction could be confined to a narrow range and especially after the move away from the composite yesterday. NF made a low of 11643 at open taking support at previous day’s PBL […]
Market Profile Analysis dated 16th July
Nifty Jul F: 11658 [11672/11570] Yesterday’s report closed with this ‘The composite has now extended to 5 days & the Value is 11515-11576-11588 (view the chart here) as NF closed around the POC so unless we get a move away from this POC on the upside in the coming session, the auction is most likely to […]
Market Profile Analysis dated 15th July
Nifty Jul F: 11579 [11600/11515] NF opened higher giving a gap up of almost 40 points and went on to tag 11599 at open where it got rejected to get back into the composite Value it was forming over the past 4 days (details in previous report) as it initiated a 80% Rule probing lower for […]
Market Profile Analysis dated 12th July
Nifty Jul F: 11544 [11642/11530] NF gave a hat-trick of OAIR (Open Auction In Range) start opening around the yPOC of 11577 giving an indication that the auction could continue to balance in the 3-day composite it was forming post the Trend Day Down on Monday which was further confirmed by the rejection above the VAH […]