Weekly charts (18 – 22 Feb) and Market Profile Analysis

Nifty Spot Weekly Profile (18 – 22 Feb)

Nifty opened in the lower distribution of the previous week’s profile staying below the weekly VAL of 10744 and started making a balance for the first 2 days before attempting a move lower on Tuesday as it broke below previous week’s low to close in a spike down which was rejected as Nifty opened with a gap up on Wednesday leaving a tail at lows in the weekly profile as it also confirmed a FA at 10646 on the same day as it spiked higher into the close almost tagging the 1 ATR move from 10646. Thursday then saw the auction first accepting the spike as it made a balance before resuming the up move as Nifty entered in the previous week’s DD singles of 10783 to 10820 as it made a high of 10809 and continued to balance in the upper part of the weekly profile leaving a HVN at 10782 and even closed around it. Nifty formed Value completely lower for the week though has closed much above the VAH and has a low volume zone on the weekly profile from 10760 to 10700 and could balance in this zone for the coming week if stays below 10782. It has another bigger HVN at 10676 which is also the weekly POC and could act as support in the coming days. The weekly Value is 10634-10676-10754

N Weekly 2 Weekly Charts (18 - 22 Feb) 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

On the monthly profile, Nifty stayed below the developing POC of 10880 this week and extended the monthly Value lower as it almost broke the previous month’s low of 10583. The monthly Value is now completely overlapping the previous month’s Value which again was totally inside the monthly Value of December 2018 which means that we now have 3 months of overlapping Value forming and Nifty could remain in this range for the rest of this month filling up the balance and could give a move away from it in the coming month.

N Monthly 2 Weekly Charts (18 - 22 Feb) 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

NF (Weekly Profile)

On the weekly profile chart, NF has made a double distribution up even as the weekly Value was formed mostly lower as NF opened the week & probed lower for the first 2 days of the week staying below the wVAL as it closed in a spike down on Tuesday to make a low of 10602. NF then gave a gap up on Wednesday leaving a tail from 10649 to 10602 and continued to form a balance while developing a HVN at 10701 before breaking higher to leave an extension handle at 10769 to make highs of 10833. NF formed another balance at top in the last 2 days forming another HVN at 10806 which will be the immediate level to watch in the expiry week. If stays above this HVN can move higher else can fill in the low volume zone between the 2 HVNs of 10701 & 10806. The weekly Value is 10656-10701-10782.

Nf F 2 Weekly Charts (18 - 22 Feb) 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


BankNifty Spot Weekly ProfileĀ (18 – 22 Feb)

BankNifty for the second consecutive week opened with a gap down of 50 points staying below 26825 and probed lower on Monday even breaking below the previous week’s low where it got rejected and this led to a good bounce on Tuesday as BankNifty rallied more than 300 points making a high of 26996 and entered the previous week’s Value but could not sustain and gave up all the gains by close as it spiked lower once again testing the previous week’s low of 26635 which was once again rejected as BankNifty opened with a 100 point gap up on Wednesday after which it balanced all day before giving a spike on the upside at close. The auction continued it’s probe upside on Thursday as it went on to make new highs for the week at 27102 but stayed confined to a very narrow range indicating poor trade facilitation at these higher levels and this lack of new demand got confirmed on Friday as BankNifty gave a gap down plus an ORR start confirming a multi-day FA at 27102 and probed lower through the day giving a ‘b’ profile and tagging the 1 ATR move down at 26855 and closed around the lows which was also near the developing weekly POC. The weekly profile has made a nice balance with overlapping to lower Value which stayed below previous week’s extension handle of 27150. The weekly Value is 26720-26885-26940

Bn Weekly 2 Weekly Charts (18 - 22 Feb) 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

On the Monthly profile, BankNifty remained inside previous month’s range but continued to extended the Value lower with the monthly POC also now shifting down to 26973 with the monthly Value now matching the December’s Value and filling up the low volume zone of January.

Bn Monthly 3 Weekly Charts (18 - 22 Feb) 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 (Weekly Profile)

On the weekly profile, BNF stayed inside previous week’s Value making a nice balance for the week after an attempt to break below previous week’s low was rejected on Tuesday after which it probed higher for the next 2 days but could not get above previous week’s VAH giving a lower balance on Friday as it closed at the prominent weekly POC of 26936. This week’s Value was completely inside the previous week’s which means BNF has been in a balance mode and can continue to remain unless it gives signs of an imbalance move coming. This week’s Value is 26800-26936-27032.

Bnf F 2 Weekly Charts (18 - 22 Feb) 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