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 (13th to 17th July 2020) and Market Profile Analysis

July 19, 2020July 19, 2020 admin 1 Blog
Bnf F 2 Weekly Charts (13Th To 17Th July 2020) And Market Profile Analysis 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

Nifty Spot Weekly Profile (13th to 17th July 2020)
Spot Weekly – 10902 [ 10933 / 10563 ]

Previous week’s report ended with this ‘The overlapping Value on all 5 days of the week meant a very narrow Value Area range on the weekly too of just 60 points as Nifty formed a perfect Gaussian Profle with completely higher Value at 10746-10764-10806 and has a very good chance of giving an initiative move away from here in the coming week‘

06032020 N Weekly Charts (13Th To 17Th July 2020) And Market Profile Analysis 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

Nifty opened higher on Monday as it tagged the VAL (Value Area Low) of 6th March (chart shown above) and left a small selling tail in the IB (Initial Balance) but remained above previous week’s high staying in a narrow range of just 51 points till the ‘C’ period after which it made an attempt to probe higher in the ‘D’ but got rejected from the morning tail indicating lack of new demand and this led to a trending move lower as the auction got back into previous week’s range & Value almost completing the 80% Rule in the narrow Value Area of 10806 to 10746 aa it made a low of 10756 before closing the day at 10803. This imbalance continued on Tuesday as Nifty not only opened lower but continued to drive down as it moved away from previous week’s Value leaving yet another selling tail in the IB and made multiple REs (Range Extension) to the downside as it marked a 3 IB day while making a low of 10563 as it just about managed to hold above the VPOC of 10557 & the FA (Failed Auction) of 10562 it had left on 2nd & 3rd July respectively and this was an important signal as the day closed at 10607. After 2 big days on the downside, a retracement was expected which came in the form of almost a 100 point gap up on Wednesday as the auction opened above previous day’s Value and for the first time in the week left a buying tail in the IB and made multiple REs to the upside till the ‘E’ period as it tagged 10827 completing the reverse 80% Rule in the weekly Value. Nifty then made a marginal lower high in the ‘F’ period which indicated exhaustion in the upmove which led to a pull back in the G period where it made a low of 10762 and seemed to be taking support at previous week’s prominent POC but the subsequent probe higher could not repair the poor highs of the day and in fact left a lower PBH at 10814 and this triggered a huge liquidation break of 235 points in the next 2 periods leaving a Neutral Extreme Day with the reference for the next day from 10683 to 10577. That the previous day’s fall was more emotional was seen on Thursday as the auction opened higher not giving any follow up to the Neutral Extreme profile and more importantly left a buying tail from 10628 to 10595 in the IB which was an indication that the downside for the day was limited as Nifty balanced for most part of the day building volumes at 10670 forming a ‘p’ shape profile for the day before spiking higher into the close from 10708 to 10755. This spike got accepted on Friday with a hat-trick of buying tails in the IB after which the auction made a slow probe higher repeating the previous day’s pattern of forming a ‘p’ shape profile but was more symmetrical as it left made similar highs at 10835 in the ‘E’ & ‘G’ period and mirrored it on the downside with similar lows of 10781 in the ‘D’ & ‘I’ periods. The initiative buying tail being defended then led to a huge short covering move into the close as Nifty left an important extension handle right at previous week’s high of 10848 as it made new highs for the week getting into the Value Area of 6th March tagging that VPOC of 10903 and made highs of 10933 before closing the week at 10902.

The weekly profile is a Neutral Extreme one on the upside which also resembles a DD (Double Distribution) with both range & value forming an outside bar compared to previous week. This week’s Value is at 10644-10806-10836 and the immediate reference for the coming week would be the spike close of 10848 to 10933. On the downside, we have a prominent weekly POC at 10806 which will be the important reference and if broken could lead to the filling up of the low volume zone of this week’s profile from 10780 to 10690 with the VPOC of 10670 being the support to watch. On the upside, acceptance above 10933 can bring a test of the VAH of 10981 of 6th Mar and the huge selling tail from 11035 to 11269 with 11224 being the VAL of the 4-day composite and 11290 being the VPOC.

N Weekly 2 Weekly Charts (13Th To 17Th July 2020) And Market Profile Analysis 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

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

Profile of 6th Mar and the 4-day composite of 2nd to 5th Mar to overcome on the upside

Main Weekly Hypos for Nifty (Spot):

A) Nifty needs to sustain above 10903 for a rise to 10965-981 / 11025-044 / 11082-106 & 11131-150
B) The auction staying below 10894 could test 10848-836 / 10806-781 / 10740-713 & 10690-661

Extended Weekly Hypos

C) Above 11150, Nifty can probe higher to 11184-224 / 11268-290* & 11345-389
D) Below 10661, the auction can fall further to 10628-609 / 10562-557* & 10491-421*

NF (Weekly Profile)

10905 [ 10936 / 10553 ]

Nf F 2 Weekly Charts (13Th To 17Th July 2020) And Market Profile Analysis 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

Previous week’s report ended with this ‘The auction has closed around the prominent TPO POC of 10752 and looks set to give a big move away from this balance in the coming week(s)’

NF opened higher on Monday but confirmed a daily FA at 10879 triggering a trending move lower till Tuesday afternoon as it completed the 2 ATR objective of 10583 and went on to make a low of 10553. The earlier FA on daily time frame at 10533 not getting a revisit in spite of ‘T+7’ days meant that it was now a positional reference as the auction made lows of 10591 & 10581 on the next 2 days continuing to form a balance over the larger timeframe of last 9 days. Friday saw NF moving away from this balance in form of a weekly spike as it revisted Monday’s FA of 10879 and went on to hit 10936 before closing the week at 10905 leaving a Neutral Extreme profile on the weekly which also represents a DD (Double Distribution) with a prominent POC at 10788 and like Nifty has formed an Outside Bar on weekly both in terms of range & Value. This week’s Value is at 10647-10788-10866 and the spike reference for the coming week would be 10879 to 10936.


BankNifty Spot Weekly Profile (13th to 17th July 2020)
Spot Weekly – 21967 [ 22657 / 21027 ]

Bn Weekly 2 Weekly Charts (13Th To 17Th July 2020) And Market Profile Analysis 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

Previous week’s report ended with this ‘22273 would be the level to watch on the downside below which the auction would remain weak for a probe towards the VPOC of 22135, weekly FA of 22040 and below it the weekly VPOC of 21890 as immediate targets‘

BankNifty opened this week with a gap up for more than 200 points but confirmed an ORR (Open Rejection Reverse) Down as it got rejected from Friday’s VAH leaving a selling tail in the IB and went on to make multiple REs lower as it left an extension handle at 22381 forming Value below previous week’s Value as it broke PWL & FA of 22040 and made a low of 21980 closing as a Double Distribution Trend Day Down with the DD selling tail from 22277 to 22381. On Tuesday, the auction tagged the weekly VPOC of 21890 at open itself with a gap down open and continued the imbalance with a Drive Down as it went on to make new lows for the month at 21222 where it stalled the downmove more as a sign of exhaustion rather than by fresh demand represented by the poor lows it had left for the day and gave a retracement back to 21392 at close. BankNifty continued this retracement on Wednesday as it not only opened higher at 21634 but left a buying tail in the IB and went on to make multiple REs higher in the first half of the day as it tested the gap singles of Tuesday making a high of 21935 where it got rejected leading to a fresh leg lower falling by 705 points which was the biggest daily range in 15 days but still could not repair the previous day’s poor lows as it made a similar low of 21230 closing as a Neutral Extreme Down Day. The auction opened at the upper end of the Neutral Extreme zone on Thursday but was also an OH (Open=High) start which was sold into and this led to big fall in the ‘A’ period as it made one of the biggest range of 425 points making new lows for the month at 21027 stopping right at the previous daily swing low & FA of 21026 it had left on 29th June. The ‘B’ period made an inside bar but importantly left a tail at lows and the FA of 21026 being defended gave an indication that the downside probe which began from previous week’s high of 23080 had come to an end. This got more confirmation as BankNifty defended the buying tail in the ‘D’ period and went on to spike higher into the close from 21504 to 21671 after forming a balanced profile for most part of the day. Friday open saw the auction accepting this spike which was a bullish sign but then made a failed C side RE at 21844 which got confirmed as a FA as the D period made new lows for the day at 21551 but once again this RE lower also got rejected as BankNifty got back into the IB and formed a Gaussian Profile in a narrow range of less than 300 points for most part of the day but the acceptance of previous day’s spike & Value forming higher led to yet another spike into the close and this time the spike was a bigger one from 21844 to 22065 which negated the morning FA of 21844 but at the same time confirmed a new FA at 21551 and almost tagged the 1 ATR objective of 22078 but falling just short of the VPOC of 22103 it had left in Monday’s DD profile which will be the immediate reference on the upside in the coming week.

The weekly profile represents a ‘b’ shape long liquidation profile with Value completely lower at 21240-21680-21840 but the close at 21967 puts BankNifty as of now in a Neutral Zone with the PLR (Path of Least Resistance) slightly on the upside but will need to take out that extension handle of 22381 for a probe towards the weekly VPOC of 22810 in the coming week. On the downside, 21840 would be the important reference below which the high volume zone of 21730-21680 would be the support to watch.

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

Main Weekly Hypos for Bank Nifty (Spot):

A) BankNifty needs to sustain above 21980 for a probe to 22078-103* / 22170-276 / 22381-480 / 22550-651 & 22735-810**
B) The auction below 21973 could test 21903-831 / 21770-680 / 21609-550 / 21500-390 / 21314*-280 & 21171-120

Extended Weekly Hypos

C) Above 22810, BankNifty can probe higher to 22898-950 / 23029-138* / 23180-266 / 23333-450 & 23565-624*
D) Below 21120, lower levels of 21025 / 20953-880 / 20774-733 / 20640 / 20570-445 & 20390-320 could come into play

Additional Weekly Hypos

E) If 23624 is taken out, the auction can further rise to 23716-822 / 23901 / 24025-074 / 24181-280 / 24337-414 & 24509*
F) Break of 20320 could lead to a fall to 20211*-100 / 20031 / 19890* / 19780 / 19648 & 19507-450

BNF (Weekly Profile) 

21971 [ 22664 / 21025 ]

Bnf F 2 Weekly Charts (13Th To 17Th July 2020) And Market Profile Analysis 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

BNF has also made a ‘b’ shape weekly profile with completely lower Value at 21242-21723-21827 and has closed way above the Value at 21971. The auction has immediate supply points at 22180 / 22274 & 22430 which if taken out can test the weekly VPOC of 22789.

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

Participantwise Open Interest – 17th JUL 2020
Market Profile Analysis dated 17th July 2020

Most Read Post

  • Mastering Volume Profile Trading: Understanding HVNs and LVNs in the NSE FnO
  • A look at Market Structure ahead of the new October series
  • Testimonials
  • Make TIME your friend in the markets
  • 3 new videos in the Training Library
  • StressFree trading with #Orderflow
  • Training Library refurbished with new strategies
  • Give a man a fish…
  • The 4 stages of a Trader’s Life. Which one are you in?
  • 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

  • May 2023 (116)
  • April 2023 (103)
  • March 2023 (110)
  • February 2023 (32)
  • January 2023 (33)
  • December 2022 (35)
  • 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 dated 30th May 2023 May 30, 2023
  • Order Flow charts dated 30th May 2023 May 30, 2023

Address

  • 9511921975
  • support@vtrender.com

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

whatsapp whatsapp