Monthly charts (August 2021) and Market Profile Analysis
Nifty Spot – 17132 [ 17153 / 15834 ] Monthly Profile (August 2021) Previous month’s report ended with this ‘Nifty closed as a Neutral Centre Month with an almost same open & close once again forming a Gaussian profile with slightly higher to overlapping Value at 15701-15804-15883 Nifty opened the month with one of the most narrowest range […]
Market Profile Analysis dated 02nd September 2021
Nifty Sep F: 17247 [ 17263 / 17072 ] NF made a probe below PDL (Previous Day Low) at open almost testing the extension handle of 17069 as it made a low of 17072 and found new demand as it got rejected back into previous day’s range confirming an ORR (Open Rejection Reverse) start after which […]
Market Profile Analysis dated 01st September 2021
Nifty Sep F: 17097 [ 17229 / 17083 ] NF continued previous day’s late imbalance as it opened above the spike zone high 17144 and probed higher till the ‘B’ period where it hit 17229 but left a small selling tail in the IB (Initial Balance) which indicated longs booking out. More confirmation of this came […]
Market Profile Analysis dated 31st August 2021
Nifty Sep F: 17122 [ 17144 / 16922 ] NF opened with a freak tick at 16892 but immediately made a probe above the spike zone of 16933 to 16960 as it made new ATH of 16999 in the A period getting stalled at the Big Round Number of 17000 after which it began to coil […]
Market Profile Analysis dated 30th August 2021
Nifty Sep F: 16942 [ 16960 / 16775 ] NF not only opened above the FA of 16745 but confirmed a Drive Up as it almost tagged the 1 ATR objective on the upside of 16877 in the IB (Initial Balance) itself where it left a long buying tail from 16847 to 16775. The auction then […]
Market Profile Analysis dated 27th August 2021
Nifty Sep F: 16718 [ 16730 / 16574 ] NF opened the day with a probe lower as it not only completed the 1 ATR objective of 16603 from the FA of 16745 but almost tagged the 24th Aug VPOC of 16569 as it made a low of 16574 and gave a swift rejection back […]
Weekly Charts (23rd to 27th Aug 2021) and Market Profile Analysis
Nifty Spot Weekly Profile (23rd to 27th Aug 2021) 16705 [ 16722 / 16395 ] Previous week’s report ended with this ‘The weekly profile is a Neutral Extreme one to the downside though Value for the week was completely higher at 16458-16566-16590 and Friday’s POC of 16469 will be the immediate reference on the upside above […]
Market Profile Analysis dated 26th August 2021
Nifty Sep F: 16647 [ 16701 / 16612 ] NF opened slighty lower but got back into previous day’s Value in the IB (Initial Balance) and made the dreaded C side extension to hit 16701 stalling just below the yPOC of 16708 triggering a OTF (One Time Frame) probe lower over the next 5 periods […]
Market Profile Analysis dated 25th August 2021
Nifty Aug F: 16632 [ 16714 / 16615 ] NF continued the imbalance to the upside with a higher open and a tag of the HVN of 16662 along with the re-visit of the FA (Failed Auction) of 16689 on ‘T+4’ Days as it made a Range Extension in the ‘E’ period making a high […]
Market Profile Analysis dated 24th August 2021
Nifty Aug F: 16620 [ 16643 / 16495 ] NF opened higher away from the 2-day composite Value but for the second time in 2 days got rejected from the 18th Aug Trend Day POC of 16559 as it made a high of 16561 and probed lower and went on to make a low of […]