Skip to main content
  • 9284331270
  • support@vtrender.com
  • Log In
Vtrender
  • 9284331270
  • support@vtrender.com
  • Log In
  • Home
  • Features
  • Forum
  • Pricing
  • The Vtrender Trading Room Mentorship Program
  • Training Library
  • About Us
  • Market Profile Charts
  • MarketProfile Ecourse
  • Home
  • Features
  • Forum
  • Pricing
  • The Vtrender Trading Room Mentorship Program
  • Training Library
  • About Us
  • Market Profile Charts
  • MarketProfile Ecourse

Monthly charts (October 2021) and Market Profile Analysis

October 31, 2021November 5, 2021 UG Blog

Nifty Spot – 17671 [ 18604 / 17452 ]

Monthly Profile (October 2021)

Previous month’s report ended with this ‘The monthly profile started with similar lows in the opening week & ended with poor highs in the closing week with Value being completely higher at 17276-17365-17766 along with a close right in the middle of the Value

Nifty opened the month with a rare follow up to a Neutral Extreme Down profile on the daily as it gapped down on 1st Oct and made a low of 17453 in the IB (Initial Balance) but could not extend lower forming a narrow 104 points range Normal Day with a prominent POC at 17518 (which was indidentally also previous month’s VWAP) indicating poor trade facilitation on the downside. The buyers then made their presence felt as the new week started on 4th Oct with the auction giving a move away from 17518 with the help of an initiative buying tail from 17651 to 17581 and followed it with a Trend Day Up on 5th Oct and extended this imbalance to the upside with a gap up open on 6th Oct where it made a high of 17884 but saw massive long liquidation happening resulting in a Trend Day Down as Nifty formed an outside bar negating the previous Trend Day Up & went on to spike lower into the close testing the initiative buying tail as it made a low of 17613 but more downside got negated with a huge gap up on 7th Oct with the auction filling up the low volume zone of previous day and forming a balance with the second narrow range day of the month of just 94 points leaving a prominent POC at 17806 and closed the week with a move away from here on Friday (8th Oct) but stalled just below the ATH (All Time High) of 17947 forming a perfect Gaussian Curve and a Neutral Day also confirming a FA (Failed Auction) at the lows of 17840. Nifty then gave the second initiative move on the weekly timeframe starting 11th Oct where it left a buying tail in the IB and went on to celebrate new ATH of 18042 with a double century but formed similar highs indicating short term exhaustion which led to a pull back into the close along with a test of the buying tail on 12th Oct as the auction formed a balance in the zone and the attempt to probe lower was met with rejection at 17865 resulting in a Neutral Extreme Up Day and a series of gap up opens for the next 4 days as Nifty left an important extension handle at 18042 on the larger timeframe and another daily FA at 18248 on 14th Oct and promptly completed the 2 ATR objective of 18590 in just couple of sessions forming an almost OH (Open=High) start at 18602 on 19th Oct which led to a profit booking and a huge liquidation drop of 204 points in the IB and the subsequent pull back stalled right at the 18590 zone three times indicating that the demand was now waning and sellers were clawing back and more confirmation of this came with another big fall into the close where the auction went on to make new lows for the day at 18378 and trended lower for the rest of the week making lower lows while testing the extension handle of 18042 on 22nd Oct. This imbalance to the downside continued in the last week as Nifty broke below 18042 convincingly and made a low of 17968 in the IB on 25th Oct where it formed a large range of 273 points and remained in the same indicating profit booking by the shorts. The auction then formed the third Neutral Extreme Up Day of the month on 26th as the downside RE (Range Extension) got rejected at 18099 but followed it up with a rejection of the upside RE on 27th Oct as it confirmed a FA (Failed Auction) at 18342 and this set up a trending move lower not just for the day but for the rest of the week as it not only completed the 2 ATR objective of 17952 but went on to make a low once again at 17613 before closing the week/month at 17671. The monthly profile is an elongated 3-1-3 profile of 1152 points with completely higher Value at 17773-18155-18347 with the buying tail at lows from 17581 to 17452 and the selling singles from 18543 to 18604.

Click here to view the daily Nifty chart of October as per above analysis on MPLite

Monthly Zones:

The VWAP of the October 2021 series is at 18036  and the POC is at 18155
The settlement day (Nov) rollover volume point is at 17901 F.

The VWAP of the September 2021 series is at 17519 and the POC is at 17365
The settlement day (Oct) rollover volume point is at 17611 F.

The VWAP of the August 2021 series is at 16455  and the POC is at 16255
The settlement day (Sep) rollover volume point is at 16642 F.

The VWAP of the July 2021 series is at 15780  and the POC is at 15810
The settlement day (Aug) rollover volume point is at 15805 F.

The VWAP of the June 2021 series is at 15721  and the POC is at 15721
The settlement day (Jul) rollover volume point is at 15840 F.

The VWAP of the May 2021 series is at 14945  and the POC is at 15094
The settlement day (Jun) rollover volume point is at 15396 F.


BankNifty Spot –  39115 [ 41829 / 36876 ]

Monthly Profile (October 2021)

Previous month’s report ended with this ‘The monthly Value was completely higher at 36480-36633-36780 with a low volume zone from 36750 to 37680 which it could fill up in the first few sessions of the coming month.

BankNifty opened the month with a downside probe to 36876 in the A period on 01st Oct where it confirmed an initiative buying tail and this happening at the start of a new month meant that the PLR (Path of Least Resistance) had turned firmly to the upside and more confirmation came on 4th Oct when the auction left another initiative tail on the weekly timeframe too following it up with a DD (Double Distribution) Trend Day on the 5th where it made a high of 37787 and continued the imbalance to the upside with a RE (Range Extension) higher on 6th Oct which was not only rejected but got confirmed as a FA (Failed Auction) at 38107 signalling the end of upmove and a move back to balance for the rest of the week forming a prominent weekly POC at 37752. The auction gave yet another initiative buying tail at the start of the next week as it moved away from 37752 forming a Trend Day Up on 11th Oct which also resulted in new ATH being tagged at 38495 and made higher highs of 38609 & 38779 over the next couple of days before ending the week with another DD profile on 14th Oct where it left mid-profile singles from 38897 to 39120 before closing almost at highs of 39375 and continued this imbalance with a gap up open the following week as it made highs of 39947 on 18th and followed it up with another gap up open recording new ATH of 40011 in the A period but saw profit booking coming in which led to a balance being formed over the next 3 days with overlapping Value & POC around 39680. BankNifty then gave an initiative move away from this balance on the 21st with couple of extension handles at 39768 & 39983 as it made new highs even of 40200 & continued this mad run up on 22nd Oct where it formed higher Value and higher highs of 40587 with a close around the prominent POC of 40318 after which the upmove turned into euphoria on 25th Oct as once again the auction started the week with a buying tail forming a large IB range of 517 points scaling above the peak of 41000 for the first time ever and made huge REs to the upside in the C, E & F periods where it made a high of 41829 completing a huge 1322 point range in just half a day but also marked the end of the OTF (One Time Frame) probe higher with a responsive selling tail from 41699 to 41829 being confirmed at the completion of the G period which inturn led to a liquidation move back to 41030 into the close of the day. BankNifty then formed a balance over the next 2 days building a prominent POC around 41180 and gave a late move away from here as it spiked lower into the close on 27th Oct which signalled that the imbalance this time could be to the downside which got confirmed with a strong Open Drive Down on 28th Oct and the first meaningful initiative selling tail of the month which meant that the sellers were back in full force resulting in a Trend Day Down over a huge range of 1581 points as the auction went on to make a low of 39350 and continued this probe with another big fall of 1000 points at open on 29th Oct where it went on to test the daily extension handle of 38495 while making a low of 38426 where it was swiftly rejected leading to some good profit booking and a bounce back to 39775 where it stopped right at previous day’s extension handle from where the auction reversed to the downside for the day to leave a PBL (Pull Back Low) at 38788 before closing the day / week / month at 39115. The monthly profile in BankNifty also is an elongated one of 4953 points with tails at both ends and completely higher Value at 38280-41157-41340.

Click here to view the daily BankNifty chart of October on MPLite

Monthly Zones:

The VWAP of the October 2021 series is at 39368  and the POC is at 41157
The settlement day (Nov) rollover volume point is at 39650 F.

The VWAP of the September 2021 series is at 37100  and the POC is at 36633
The settlement day (Oct) rollover volume point is at 37596 F.

The VWAP of the August 2021 series is at 35715  and the POC is at 35616
The settlement day (Sep) rollover volume point is at 35699 F.

The VWAP of the July 2021 series is at 35096  and the POC is at 34804
The settlement day (Aug) rollover volume point is at 34860 F.

The VWAP of the June 2021 series is at 35012  and the POC is at 35070
The settlement day (Jul) rollover volume point is at 35000 F.

The VWAP of the May 2021 series is at 33568  and the POC is at 34828
The settlement day (Jun) rollover volume point is at 35380 F.

Related

BankNifty Futures charts day trading intraday trading intraday trading strategies market profile Market Profile Trading Strategies Nifty Futures order flow analysis support and resistance technical analysis Trading strategies volume profile trading

Post navigation

Market Profile Analysis dated 28th October 2021
Weekly Charts (25th to 29th Oct 2021) and Market Profile Analysis

Most Read Post

  • Nifty 50 Monthly and Annual returns (1991-2022) updated 30th DEC 2022
  • Example Video- Mentoring room support in market hours
  • What happened at 18165 F today
  • Mid Month report
  • Making sense Sept 2022
  • Making sense Aug 2022
  • A look at Market Structure ahead of the new October series
  • Launching- Overnights
  • Making sense- June July 2022
  • Testimonials
  • Making sense May 2022- Orderflow edition.
  • Making sense April 2022
  • Making sense Feb 22 and March 22
  • Making sense Jan 2022 edition
  • Of our working process through 2021 – with MarketProfile and Orderflow
  • Performance Of The Trading Room In Sept, Oct , Nov Series ( consolidated post)
  • Performance of the Trading Room in August series
  • Performance of the Trading Room in July Series
  • Make TIME your friend in the markets
  • 3 new videos in the Training Library
  • Performance of the Trading Room in the June 2021 series
  • The May 2021 series
  • StressFree trading with #Orderflow
  • We thought you should know April 2021 series
  • We thought you should know March 2021 Series
  • We thought you should know about Feb 2021
  • We thought you should know ! Jan 2021
  • Performance update of MarketProfile strategies used in the Vtrender Trading Room
  • Performance report of MarketProfile and Orderflow (up 32% again) trading strategies used in the Vtrender Trading Room
  • Performance report in Oct (up 32%) based on MarketProfile and Orderflow strategies
  • Performance record in Sept on MarketProfile and Orderflow strategies
  • Performance record in Aug on MarketProfile and Orderflow strategies
  • Training Library refurbished with new strategies
  • Give a man a fish…
  • MarketProfile Performance report in July 2020
  • AMA on 23rd June in the VTR
  • Our Performance with MarketProfile, and the awesome COT
  • The 4 stages of a Trader’s Life. Which one are you in?
  • Vtrender Workshop – Some QnA
  • What is exactly the Orderflow?
  • Data drives everything
  • Volume Spikes – How to exploit them
  • Market Profile The evolution
  • Random Musings on Market Profile
  • Order Flow Analysis – Strategies used to trade
  • How a Market Profile chart gives an edge to trade
  • Level 1- Market Profile Essentials
  • Market profile Trading strategies – Open Outside Ranges
  • Why I trust an OrderFlow chart…
  • Risk Management on Calls
  • OrderFlow Knowledge Base
  • Trading room charts explained
  • IB Extension Set Up- The C Side
  • Vix – Nifty Range Explained
  • Nifty Daily Stats ( IB Breakouts)
  • Nifty – MarketProfile trading strategies- The IB
  • Nifty daily stats ( 1 )
  • Spike Rules
  • Of Failed Auctions and revisits ( FA )
  • Steidlmayer Distribution
  • Market Profile-Day types

Archives

  • February 2023 (11)
  • January 2023 (109)
  • December 2022 (36)
  • November 2022 (32)
  • October 2022 (36)
  • September 2022 (41)
  • August 2022 (38)
  • July 2022 (40)
  • June 2022 (41)
  • May 2022 (39)
  • April 2022 (32)
  • March 2022 (34)
  • February 2022 (32)
  • January 2022 (36)
  • December 2021 (38)
  • November 2021 (31)
  • October 2021 (32)
  • September 2021 (35)
  • August 2021 (31)
  • July 2021 (37)
  • June 2021 (35)
  • May 2021 (79)
  • April 2021 (111)
  • March 2021 (55)
  • February 2021 (51)
  • January 2021 (54)
  • December 2020 (55)
  • November 2020 (52)
  • October 2020 (57)
  • September 2020 (77)
  • August 2020 (117)
  • July 2020 (95)
  • June 2020 (117)
  • May 2020 (104)
  • April 2020 (94)
  • March 2020 (111)
  • February 2020 (102)
  • January 2020 (116)
  • December 2019 (67)
  • November 2019 (64)
  • October 2019 (60)
  • September 2019 (69)
  • August 2019 (65)
  • July 2019 (73)
  • June 2019 (64)
  • May 2019 (83)
  • April 2019 (80)
  • March 2019 (83)
  • February 2019 (84)
  • January 2019 (95)
  • December 2018 (78)
  • November 2018 (75)
  • October 2018 (85)
  • September 2018 (65)
  • August 2018 (65)
  • July 2018 (76)
  • June 2018 (87)
  • May 2018 (85)
  • April 2018 (72)
  • January 2018 (4)
  • March 2016 (33)
  • February 2016 (90)
  • January 2016 (92)
  • December 2015 (50)
  • November 2015 (75)
  • October 2015 (87)
  • September 2015 (88)
  • August 2015 (89)
  • July 2015 (91)
  • June 2015 (83)
  • May 2015 (49)
  • April 2015 (42)
  • March 2015 (47)
  • February 2015 (41)
  • January 2015 (42)
  • December 2014 (44)
  • November 2014 (35)
  • October 2014 (35)
  • September 2014 (47)
  • August 2014 (31)
  • July 2014 (36)
  • June 2014 (23)
  • May 2014 (21)
  • April 2014 (21)
  • March 2014 (43)
  • February 2014 (40)
  • January 2014 (14)
  • December 2013 (1)
  • November 2013 (8)
  • October 2013 (8)
  • September 2013 (10)
  • August 2013 (11)
  • July 2013 (4)
  • June 2013 (4)
  • May 2013 (22)
  • April 2013 (30)
  • March 2013 (15)
  • February 2013 (20)
  • January 2013 (20)
  • December 2012 (13)
  • November 2012 (13)
  • October 2012 (33)
  • September 2012 (16)
  • August 2012 (11)
  • July 2012 (35)
  • June 2012 (56)
  • May 2012 (57)
  • April 2012 (34)
  • March 2012 (42)
  • February 2012 (27)
  • January 2012 (24)
  • December 2011 (36)
  • November 2011 (50)
  • October 2011 (34)
  • September 2011 (45)
  • August 2011 (60)
  • July 2011 (60)
  • June 2011 (47)
  • May 2011 (56)
  • April 2011 (47)
  • March 2011 (61)
  • February 2011 (62)
  • January 2011 (77)
  • December 2010 (37)
  • November 2010 (68)
  • October 2010 (75)
  • September 2010 (56)
  • August 2010 (44)
  • July 2010 (32)
  • June 2010 (32)
  • May 2010 (45)
  • April 2010 (14)
  • March 2010 (22)
  • February 2010 (12)
  • January 2010 (12)

About Us

The Vtrender Trading room specializes in Nifty and Bank Nifty future. We have charts Of Market Profile and Order Flow Charts + Live analysis + Live commentary + live trades.

We apply he concepts of Market Profile and the Order Flow to the NO and the Bank Nifty.

Explore

  • About Us
  • Forum
  • Pricing
  • The Vtrender Trading Room Mentorship Program
  • Features
  • Training Library

Forum

  • Market Profile Analysis & Weekly Settlement Report dated 02nd Feb 2023 February 2, 2023
  • Participantwise net Open Interest and net equity investments – 2nd FEB 2023 February 2, 2023

Address

  • 9511921975
  • support@vtrender.com

Copyright @ 2009 - 2021 Vtrender Inc. All Rights Reserved.

whatsapp whatsapp