Market Profile Analysis dated 6th June
Nifty Jun F: NF opened in previous day’s range & made an attempt to probe higher but was rejected as it made a high of 12059 after which it broke below previous day’s low confirming an ORR (Open Rejection Reverse) start. The auction went on to break the Trend Day VWAP & POC in the […]
Market Profile Analysis dated 4th June
Nifty Jun F: NF made an OAIR start around the PDH but stayed below the HVN of 12113 indicating that there was no new demand coming in and moreover it was only apt that the auction consolidated after a Trend Day as it remained in a narrow range of 47 points in the first hour […]
Market Profile Analysis dated 3rd June
Nifty Jun F: NF made an OAIR start and made an attempt to probe lower which was held at 11915 just above the HVN of 11910 indicating that demand was coming in at those levels. The auction then drove higher leaving singles from 11915 t0 11952 in the ‘A’ period to confirm the entry of […]
Market Profile Analysis dated 31st May
Nifty Jun F: NF opened with a gap higher plus a drive up but the volumes were low which raised doubts about the authenticity of the drive which got more confirmation as the auction was stuck in a narrow range and struggled to extend the range to the upside after IB. (Click here to view […]
Weekly charts (27th May to 31st May) and Market Profile Analysis
Nifty Spot Weekly Profile (27th May to 31st May) Nifty stayed above previous week’s VAH all week making a nice 3-1-3 balanced profile in the excess of 11884 to 12041 it left at top last week making an inside bar on weekly timeframe with a close around the prominent POC of 11920 for this week […]
Monthly (May 2019) charts and Market Profile analysis
Nifty Spot Monthly Profile (May) Nifty opened this month with a 2-day balance above the previous month’s VAH of 11720 along with a failed attempt to probe higher as it made a C side extension tagging 11789 on the very first day of the month which was a strong signal that upside looked limited. The […]
Market Profile Analysis dated 30th May
Nifty Jun F: NF opened as an OAIR but showed strength as it left singles in the A period to get above the previous day’s PBH (Pull Back High) of 11933 in the IB. The auction then consolidated till the ‘E’ period making a ‘p’ profile after which it made a fresh Range Extension to […]
Market Profile Analysis dated 29th May
Nifty May F: NF opened lower rejecting the spike close of previous day but was still a low conviction open as it remained in the 2 day Gaussian profile making a low of 11893 in the IB leaving a narrow 26 point range. (Click here to view the profile chart for better understanding) The auction […]
Market Profile Analysis dated 28th May
Nifty May F: NF opened higher but got rejected around the PDH after which it probed lower in the ‘A’ period tagging the yVAL of 11895 and left a selling tail at top in the IB which meant that the upside was limited. (Click here to view the profile chart for better understanding) The auction […]
Market Profile Analysis dated 27th May
Nifty May F: NF moved away from the overlapping POC of 11865-870 at open after testing lower while taking support at 11833 to leave a small buying tail from 11871 to 11833 and went on to tag that PBH of 11900 in IB. (Click here to view the profile chart for better understanding) The auction […]