Market Profile Analysis dated 06th December
Nifty Dec F: 11956 [ 12082/ 11931 ] HVNs – 11914 / 11953 / 12090 / 12108 / 12128-143 / 12192 NF did give a move away from the 3-day balance as expected (read previous day’s report here) to the downside leaving a Trend Day Down with the auction almost tagging the 2 ATR objective of […]
Weekly charts (02nd to 6th December) and Market Profile Analysis
Nifty Spot Weekly Profile (02nd to 6th December) Spot Weekly 11921 [ 12137 / 11889 ] The week started with a big gap up as Nifty probed above the previous week’s VAH but got rejected as it gave a OH (Open=High) start at 12137 indicating that the upside could be limited after which it completed […]
Market Profile Analysis dated 04th December
Nifty Dec F: 12090 [ 12098/ 11977 ] HVNs – 11914 / 11954 / 12000 / 12048 / 12090 / 12128-143 / 12192 NF opened with a gap down below the 2 HVNs of 12047 & 12020 and probed lower catching the previous day longs by surprise as it broke below PDL (Previous Day Low) in […]
Market Profile Analysis dated 03rd December
Nifty Dec F: 12046 [ 12097/ 11991 ] HVNs – 11914 / 11954 / 12020 / 12047 / (12093-100) / 12128-143 / 12192 Previous day’s report ended with this ‘NF formed another balanced profile with overlapping value and almost similar POC at 12094 and looks set to give a move from this POC in the coming […]
Market Profile Analysis dated 02nd December
Nifty Dec F: 12091 [ 12138/ 12052 ] HVNs – 11914 / 11954 / 12022 / (12093-100) / 12128-143 / 12192 NF opened higher with a freak OH tick at 12135 but was unable to get above the HVZ (High Volume Zone) of 12128-12143 as it stayed inside the previous day’s range all day making a […]
Market Profile Analysis dated 29th November
Nifty Dec F: 12100 [ 12175/ 12051 ] HVNs – 11914 / 11954 / 12022 / 12100 / 12128-143 / 12192 NF made an OH (Open=High) start at 12175 making a slow drive down on low volumes as it moved away from the POC of the 4-day composite ‘p’ profile leaving a selling tail from 12142 […]
Weekly charts (25th to 29th November) and Market Profile Analysis
Nifty Spot Weekly Profile (25th to 29th November) Spot Weekly 12056 [ 12159 / 11919 ] Previous week’s report ended with this ‘On an even higher time frame, it seems like the auction has completed this phase of Steidlmayer Distribution (you can read about this here) after it started a new IPM (Initial Price Movement) […]
Monthly (November 2019) charts and Market Profile analysis
Nifty Spot – 12056 [ 12159 / 11802 ] Monthly Profile (November) After 2 bigger range months in September & October, it was time for Nifty to consolidate in November as it opened in the Neutral Extreme reference of the previous month’s profile which was from 11714 to 11945 while making a low of 11843 on […]
Market Profile Analysis dated 28th November
Nifty Dec F: 12186 [ 12196/ 12142 ] HVNs – 11914 / 11954 / 12022 / 12128-143 / 12192 NF could not move away from the prominent POC of previous day which was at 12138 though it stayed above it all day giving yet another narrow range day of just 54 points while forming another balanced […]
Market Profile Analysis dated 27th November
Nifty Nov F: 12108 [ 12125/ 12073 ] HVNs – 11814 / 11852 / ( 11901) / 11914 / 11978 / 12020 / *12085-100* NF made an inside day today both in terms of range as well as Value as it tested both sides of the previous day’s 3-1-3 profile but could not negate any of […]