Nifty Profile charts

Here are some charts of the Nifty

 

The shaded regions in green and blue are the value areas as also the places where the market spent 70% of the time and traded 70% of the volume.

 

The volume bars on the right are the actual volumes traded.

 

I've added weekly and monthly charts below just for perspective. In market profile we do not give importance to the weekly or monthly or even minutes as the market is not governed by such time constraints but is actually a process of buying and selling which starts or end when the auction has reached fair price or is overvalues/ undervalues.

 

But the weekly and the monthly do help us locate spots where the market likes/ does not like to trade. It's effectiveness in cutting out daily noise is understated.

 

 

 

 

 

Nifty Mar 30Minutes :

 

Mp 1303242204 Nifty Profile Charts

 

Nifty Mar Weekly Profile :

 

Weeklyvalue 1303242203 Nifty Profile Charts

 

Nifty Spot Monthly profile :

 

Monthly Nifty 1303242207 Nifty Profile Charts

 

The January bailance is the most prominent of the above and the marked has remained below the value created in jan.

 

The current price is near the POC from November and the value low around 5550 – 5580 would be the destination trade below last week's lows.