Weekly Charts (25th to 29th Apr 2022) and Market Profile Analysis
Nifty Spot Weekly Profile (25th to 29th Apr 2022) 17102 [ 17377 / 16888 ] Nifty opened the week with a big gap down and tested the spike zone of 19th Apr but formed similar lows of 16889 which marked the end of the downside after which the auction got back into previous week’s Value […]
Market Profile Analysis dated 29th April 2022
Nifty May F: 17135 [ 17399 / 17085 ] NF opened higher but stalled right below the 22nd Apr Selling singles of 17364 as it made a high of 17363 in the A period & reversed the probe to the downside for the rest of the IB (Initial Balance) making a low of 17264 taking support […]
Monthly charts (April 2022) and Market Profile Analysis
Nifty Spot – 17102 [ 18114 / 16824 ] Monthly Profile (April 2022) Previous month’s report ended with this ‘The Monthly Profile is once again an elongated one of 1888 points and a Neutral Extreme (NeuX) one with a monthly FA at lows of 15671 which has completed the 1 ATR objective of 16780 and the 2 ATR […]
Market Profile Analysis dated 28th April 2022
Nifty May F: 17260 [ 17340 / 17094 ] NF opened higher but could not sustain above PDH making a probe back into previous range & value with couple of mini REs (Range Extension) lower in the C & D periods and stopped just above the prominent yPOC of 17082 indicating demand coming back in this […]
Market Profile Analysis dated 27th April 2022
Nifty Apr F: 17054 [ 17114 / 16958 ] NF continued it’s affair with gaps as it opened lower by 126 points & remained below yesterday’s IBL of 17106 confirming a multi-day FA at 17229 and continued to probe lower negating the FA of 17068 while making a low of 17032 in the IB. The auction […]
Market Profile Analysis dated 26th April 2022
Nifty Apr F: 17204 [ 17229 / 17068 ] NF made it a hat-trick of opening with a 150+ point gap but this time it was to the upside as it continued to probe higher in the IB (Initial Balance) tagging 17193 leaving a narrow range of just 87 points along with a buying tail from […]
Market Profile Analysis dated 25th April 2022
Nifty Apr F: 16958 [ 17050 / 16875 ] NF gave a rare follow through to a NeuX (Neutral Extreme) profile as it opened lower by 173 points and first negated the buying singles of 17079 to 16997 from 20th Apr after which it tested the responsive buying tail of 16953 to 16843 from 19th Apr […]
Market Profile Analysis dated 22nd April 2022
Nifty Apr F: 17177 [ 17321 / 17156 ] NF opened lower by 185 points negating previous session’s extension handle of 17295 but settled down into an OA (Open Auction) as it formed a very narrow IB (Initial Balance) range of just 63 points. The auction further coiled in the C period forming an inside bar […]
Market Profile Analysis dated 21st April 2022
Nifty Apr F: 17410 [ 17439 / 17222 ] NF opened higher & took support just above PDH giving an ORR (Open Rejection Reverse) start to the upside & trended higher for most part of the day leaving an extension handle at 17295 as it went on to complete the 3 IB objective of the day […]
Market Profile Analysis dated 20th April 2022
Nifty Apr F: 17162 [ 17220 / 16996 ] NF opened higher & left a long initiative buying tail in the IB to confirm that previous day’s sell-off was indeed emotional as it formed Value in the mid-profile singles zone from 17009 to 17201 and got rejected in the attempt to probe higher as it left […]