Nifty weekly Profiles

Here are the Nifty weekly profiles.

 

The blue shaded region is the value area and whilst looking at the weekly bars we need to understand where value has developed in the current week w.r.t the previous week.

 

Weeklyvalue 14 Nifty Weekly Profiles

 

Nifty's weekly bar is higher and just above the upper distribution of the DD of the previous week.

 

Weeklyvaluebn 3 Nifty Weekly Profiles

 

The bankNifty weekly profile is inside last week's profile. 

 

A move away from the value area and range is an excellent risk reward opportunity in the banknifty in the coming week with risk being managed near the POC at 12520.