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

Weekly Charts (11th to 13th Apr 2022) and Market Profile Analysis

April 17, 2022April 17, 2022 UG Blog

Nifty Spot Weekly Profile (11th to 13th Apr 2022)

17784 [ 18114 / 17600 ]

Previous week’s report ended with this ‘Nifty closed the week at 17784 leaving a Triple Distribution profile on the weekly with completely higher Value at 17772-18004-18092 with the lower HVNs at 17824 & 17658 which will be the references for the coming week’

Nifty opened on Monday with an OAIR (Open Auction In Range) filling up the lower part of previous week’s profile as it remained in the narrow IB (Initial Balance) range of just 108 points between 17761 & 17653 for most part of the day and a late afternoon attempt to probe higher in the weekly Value was rejected resulting in a FA (Failed Auction) being confirmed at 17779 as the auction made new lows of 17651 into the close leaving a prominent POC at 17708 & continued this imbalance with a gap down open on Tuesday where it broke below the weekly spike low of 17594 (28th Mar to 01st Apr) & completed the 1 ATR objective of 17569 but made another narrow IB range of just 104 points stalling just above the weekly VPOC of 17484 which it broke with a good C side extension and followed it up with couple of more RE’s in the I & J TPOs where it made almost similar lows of 17449 & 17442 indicating exhaustion on the downside just above the weekly mid-profile singles zone of 17421 to 17328 (28th Mar to 01st Apr).

This inability of the sellers to push lower triggered a short covering move back to 17595 in the L period & a higher open on Wednesday where Nifty tagged 17663 in the A period but could not enter Monday’s Value Area leaving a small selling tail in the IB from 17633 to 17663 along with an extension handle at 17585 as the auction trended lower till the G period where it made a low of 17457 after which it formed a balance for the rest of the day leaving a ‘b’ shape profile with overlapping Value & POC on the daily.

The weekly profile resembles a DD (Double Distribution) Trending one to the downside with completely lower Value at 17444-17516-17668 and the prominent POC of 17516 will be the immediate level to watch on the upside in the coming week above which we have the mini DD zone of 17633 to 17651 and the HVN in the upper distribution at 17708 whereas on the downside, the weekly singles zone of 17421 to 17328 along with the 2 daily VPOCs at 17286 & 17036 would be the important levels to observe.


Click here to view this week’s auction in Nifty with respect to the previous week on MPLite

Weekly Hypos for Nifty (Spot):

A)Nifty needs a drive above 17489 for a probe to 17529 / 17585 / 17633 / 17708 / 17741 / 17790
B) Accepting below 17468 could lead to a test of 17421 / 17373 / 17328 / 17286 / 17241 / 17196

Extended Hypos:

C) Above 17790, can expect higher levels of 17846 / 17897 / 17947 / 18004 / 18055 / 18095
D) Below 17196, the auction could fall to 17136 / 17083 / 17036 / 16988 / 16908 / 16848


NF (Weekly Profile) –  17519 [ 17830 / 17482 ]

NF not only remained below the previous week’s POC of 17862 but confirmed a multi-day FA (Failed Auction) at 17830 on Monday turning the PLR (Path of Least Resistance) to the downside as it broke below the weekly VPOC of 17544 on Tuesday & made a low of 17482 taking support in the initiative buying singles from 30th Mar from where it have a short covering bounce to 17705 at open on Wednesday and got rejected from just below Monday’s VAL leaving an initiative selling tail as it formed a ‘b’ shape profile for the day and closed right at the daily as well as weekly POC of 17522.

The weekly profile resembles a DD (Double Distribution) Down one with a HVN in the upper distribution at 17727 & mostly lower Value at 17484-17522-17712 staying below which the PLR would continued to remain to the downside for the coming week.


BankNifty Spot Weekly Profile (11th to 13th Apr 2022)

37463 [ 37988 / 37264 ]

Previous week’s report ended with this ‘The weekly profile resembles a DD (Double Distribution) Down one with completely higher Value at 37416-37620-38280 with 2 ultra prominent HVNs in the 2 distributions with 38324 being the upper one & 37620 the one in the lower part which would be the respective references for the coming week and would need initiative volues for a move away from either of them’

BankNifty opened lower on Monday but gave a Drive Up leaving an initiative buying tail in the IB (Initial Balance) from 37659 to 37524 indicating a move away from the prominent weekly POC of 37620 but could only make a high of 37942 stalling below the 07th Apr daily swing high of 37976 which triggered a big liquidation move into the close as the auction negated the morning singles & closed below 37620 and continued this imbalance to the downside with a gap down open on Tuesday as it probed below previous week’s low of 37346 to tag 37264 in the A period but left a small buying tail in the IB indicating end of downside but remained in a narrow range for most part of the day forming a Gaussian Curve below 37620 before giving a late extension handle at 37588 in the J TPO and spiking higher to 37920.

Wednesday saw a higher open and new highs for the week at 37988 but this probe above 37976 was swiftly rejected as BankNifty left a selling tail in the IB & made a OTF (One Time Frame) probe lower for most part of the day closing in a spike as it left an extension handle at 37522 confirming a weekly FA at 37988 and made a low of 37408 into the close.

The weekly profile is a well balanced one with completely inside Value at 37524-37728-37884 as it continued to form Value around previous week’s prominent POC of 37620 with small tails at both ends but the weekly FA of 37988 means that the PLR for the coming week would be to the downside with 37524 being the immediate reference on the upside along with this week’s ultra prominent POC of 37728 where as on the downside the weekly singles from 37301 to 37148 along with the extension handle of 36799 would be the levels to watch out for.

Click here to view this week’s auction in BankNifty with respect to previous week’s profile on MPLite

Weekly Hypos for BankNifty (Spot):

A)BankNifty needs a drive from 37522 for a rise to 37620 / 37728 / 37884 / 37988 / 38142 / 38313
B) Accepting below 37430, the auction could test 37301 / 37148 / 37031 / 36904 / 36799 / 36657

Extended Hypos:

C) Above 38313, can expect higher levels of 38484 / 38631 / 38790 / 38900 / 39095 / 39251
D) Below 36657, the auction could fall to 36529 / 36300 / 36151 / 36007 / 35799 / 35648


BNF (Weekly Profile) – 37576 [ 38097 / 37400 ]

BNF made attemps to scale above 38020 on all 3 days of this holiday shortened week but could only manage a daily swing high at 38097 on Monday and formed a balance for the week with a downward bias and completely inside Value at 37648-37896-38024 as it continued from where it left the previous week & looks good for a move away from this 6-day composite in the coming session(s).

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

Making sense Feb 22 and March 22
Market Profile Analysis dated 13th April 2022

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 (114)
  • 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