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 […]
Weekly charts (8th July to 12th July) and Market Profile Analysis
Nifty Spot Weekly Profile (8th July to 12th July) 11552 [ 11772 / 11461 ] Last week’s report ended with ‘the immediate reference for the coming week would be 11797 to 11828 and failure to get above this would mean the PLR (Path of Least Resistance) would be to the downside in the coming week […]
Market Profile Analysis dated 11th July
Nifty Jul F: 11582 [11606/11528] NF opened higher around the 2-day composite POC of 11553 but was unable to get above the composite VAH of 11565 as it made a high of 11560 in the ‘A’ period after which it probed lower breaking below VWAP closing the gap partially while taking support just above the mid […]
Market Profile Analysis dated 10th July
Nifty Jul F: 11492 [11593/11467] NF gave an OAIR start to the day around the yPOC of 11552 and took support at 11532 before probing higher into yesterday’s selling tail as it tagged 11593 in the ‘B’ period but was not able to get above PDH (Previous Day High). (Click here to view the profile chart […]
Market Profile Analysis dated 9th July
Nifty Jul F: NF opened below the nearest HVN of 11570 and seemed to be giving another drive down as it broke below PDL (Previous Day Low) making a low of 11503 in the opening 10 minutes but got back above VWAP & the previous day’s range immediately giving an Open Auction start to the […]
Market Profile Analysis dated 8th July
Nifty Jul F: Previous report ended with this ‘The close has been in an imbalance so can expect some more downside at open in the next session’ and today not only did NF open with a gap down but also gave a drive lower breaking below the swing low & earlier FA of 11710 in […]
Weekly charts (1st July to 5th July) and Market Profile Analysis
Nifty Spot Weekly Profile (1st July to 5th July) 11811 [ 11982 / 11797 ] Last week’s report read ‘Nifty needs to remain above 11775 and scale above 11812-825 to continue higher in the coming week for a probe to 11916 & the earlier weekly FA of 12000’ Nifty opened with a gap up of […]
Market Profile Analysis dated 5th July
Nifty Jul F: The rise of last 2 days in NF saw one of the lowest range & volumes in the last couple of months which was a clear indication that auction is doing a poor job in this probe higher. Today, NF opened higher making a high of 11999 matching the PDH (Previous Day […]
Market Profile Analysis dated 4th July
Nifty Jul F: NF moved away from the yPOC of 11948 to probe higher & scaled above PDH (Previous Day High) of 11976 making new highs for the week at 11984 in the IB (Initial Balance). (Click here to view the profile chart for better understanding) However, just like the previous day the auction again […]