Market Profile Analysis dated 24th May 2021

Nifty May F:  15202 [ 15259 / 15150 ] NF opened above the reference of 15225 and made new highs for the series at 15250 but got rejected and reversed back into previous day’s range giving a quick fall of 100 points as it made a low of 15150 in the ‘B’ period and took […]

Market Profile Analysis dated 21st May 2021

Nifty May F:  15206 [ 15225 / 14992 ] NF opened with a gap up and stayed above the previous day’s VWAP of 14988 rejecting the spike lower triggering a good short covering move in the first half of the day as the auction confirmed a late Drive Up leaving an extension handle post IB […]

Weekly Charts (17th to 21st May 2021) and Market Profile Analysis

Nifty Spot Weekly Profile (17th to 21st May 2021) 15175 [ 15190 / 14725 ] Previous week’s report ended with this ‘The weekly profile is a Trending One to the downside with multiple distributions as can be seen with daily VPOCs being left at 14753, 14840 & 14937 though the Value for the week was slightly […]

Market Profile Analysis dated 20th May 2021

Nifty May F:  14933 [ 15085 / 14911 ] NF opened around the yPOC of 15051 and made an attempt to probe higher but could only tag 15085 as it got rejected from just below yVWAP of 15093 confirming an ORR (Open Rejection Reverse) start for the day after which it went on to break […]

Market Profile Analysis dated 19th May 2021

Nifty May F:  15059 [ 15158 / 15035 ] NF opened lower and looked below previous day’s low but got rejected as it got back into previous day’s range & Value where it completed the 80% Rule first to the upside making a high right at previous VAH of 15158 in the ‘B’ period marking […]

Market Profile Analysis dated 18th May 2021

Nifty May F:  15145 [ 15175 / 15072 ] NF continued previous day’s imbalance with a big gap up open of 128 points as it went on record new highs for the series at 15153 in the ‘A’ period after which the auction settled down into a balance for the rest of the day leaving […]

Market Profile Analysis dated 17th May 2021

Nifty May F:  14952 [ 14960 / 14744 ] NF opened above Friday’s IBH of 14749 re-confriming the FA (Failed Auction) at 14620 and gave the expected move away from the 2-day balance from the ‘B’ period onvwards as it tagged the 1 ATR objective of 14806 and went on to form a Trend Day […]

Market Profile Analysis dated 14th May 2021

Nifty May F:  14715 [ 14756 / 14620 ] NF began the day with a move lower as it got into the lower singles of previous day and made new lows for the week at 14636 but was swiftly rejected after which it reversed the probe to the upside for the rest of the IB […]

Weekly Charts (10th to 14th May 2021) and Market Profile Analysis

Nifty Spot Weekly Profile (10th to 14th May 2021) 14678 [ 14967 / 14592 ] Previous week’s report ended with this ‘Value for the week was mostly lower at 14530-14560-14690 with that 14560 being an ultra-prominent POC which would act as a magnet in the coming days if Nifty stays below 14830. On the upside, sustaining […]

Market Profile Analysis dated 12th May 2021

Nifty May F:  14710 [ 14842 / 14663 ] NF made an Open Drive Down from previous VAL on just above average volumes as it made an OH (Open=High) start at 14842 and left an initiative selling tail in the Initial Balance from 14775 to 14842 and contiued to probe lower till the ‘E’ period […]