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 (23rd to 27th November 2020) and Market Profile Analysis

November 29, 2020November 29, 2020 vtrender Blog

Nifty Spot Weekly Profile (23rd to 27th Nov 2020)

Spot Weekly – 12969 [ 13146 / 12790 ]

Previous week’s report ended with this ‘The weekly profile is a well balanced Neutral Centre one with completely higher Value at 12780-12846-12894 and needs an initiative move away from this week’s prominent POC to signal return of imbalance‘

Nifty continued the balance it was forming last week on Monday but confirmed a FA (Failed Acution) at lows of 12825 which activated a fresh leg on the upside over the next 2 days as the auction completed the 2 ATR objective of 13130 from this FA in form of a big gap up on Wednesday where it tagged 13146 but having hit the destination saw a huge liquidation move falling by more than 350 points to revisit that FA of 12825 in ‘T+3’ Days and in doing so left another FA at 12790 on Thursday which meant that the fall was more due to profit booking rather than initiative selling. Nifty then retraced more than 60% of the fall as it made highs of 13035 on Friday before closing the week with a Gaussian profile and right at the prominent POC of 12973. The weekly profile was a Neutral Centre one with Value was mostly higher at 12885-12981-13035.

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

Main Weekly Hypos for Nifty (Spot):

A) Nifty needs a drive above 13002 for a probe to 13056 / 13113 / 13168 / 13214 & 13285
B) Accepting below 12978 could lead to a test of 12930 / 12885 / 12845 / 12790 & 12685

NF (Weekly Profile)

13017 [ 13159 / 12835 ]

NF also left a perfect Neutral Centre weekly profile with the first 2 days probing higher which resulted in a gap up on Wednesday where it tagged 13160 but the narrow IB range of just 38 points meant that all the buying was getting exhausted and this led to a big move lower which began with an extension handle at 13122 and continued till the IB on Thursday as the auction hit new lows for the week at 12835 but the inability to extend the range on the downside along with the poor lows it left indicated lack of aggressive supply and this led to a bounce back into the close of the week as NF ended the week with a Gaussian profile on Friday. The weekly Value at 12922-13032-13084 was mostly higher but staying below the prominent POC of 13032, NF could fill up the low volume zone till 12890 in the coming week and on the upside, fresh buying needs to emerge above this week’s POC for NF to test that extension handle of 13122 and go for fresh All Time Highs (ATH).


BankNifty Spot Weekly Profile (23rd to 27th Nov 2020)
Spot Weekly – 29609 [ 30198 / 28853 ]

Previous week’s report ended with this ‘The weekly profie is a Neutral one with mostly higher Value at 28720-28900-29380 and staying above this week’s POC of 28900, BankNifty could fill up the low volume zone till 29400 first and above it could go for the daily VPOC of 29531 in the coming session(s). On the downside, acceptance below 28880 could lead to more weakness resulting in a probe towards the weekly VPOC of 28410 & daily VPOC of 28060‘

BankNifty opened higher above 29400 but made an ORR (Open Rejection Reverse) on the downside as it got back into previous week’s Value filling up the low volume zone as expected and tagged the weekly POC of 28900 and confrimed a FA at lows of 28853 which initiated a new probe higher as it completed the 1 ATR objective of 29567 with ease the next day and went on to made a big gap up on Wednesday and continued higher in the IB (Initial Balance) to hit highs of 30198 but the narrow IB range of just 226 points indicated poor trade facilitation in this new zone and triggered a massive liquidation drop of over 1050 points in the day as it left a Trend Day Down and followed it up with lower lows on Thursday where it tagged 28923 but ended up leaving a Neutral Extreme Day Up as it made a Re on upside too to hit highs of 29632. Friday saw a rare Normal Day being formed as the auction remained in the narrowest daily range of the month of just 348 points leaving a Gaussian profile with completely higher Value and a prominent POC at 29570 which would be the immediate reference in the coming week. Value for the week was overlapping to higher at 29140-29540-29680.

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 29631 for a probe to 29717 / 29828 / 29972 / 30102 / 30210 & 30330
B) Accepting below 29573, the auction could test 29465 / 29368 / 29240 / 29166* / 28977 & 28853

Extended Weekly Hypos

C) Above 30330, BankNifty can probe higher to 30460 / 30582 / 30702 / 30805 / 31010 & 31124
D) Below 28853, lower levels of 28738 / 28580 / 28410 / 24240 / 28135 & 28050 could come into play

BNF (Weekly Profile) 

29667 [ 30167 / 28832 ]

BNF opened the week with a probe lower after a gap up open on Monday but took support at previous week’s prominent POC of 28910 as it left a small buying tail at lows of 28832 after which the auction filled up previous week’s low volume zone before giving a trending move on the upside over the next 2 days as it climbed above previous week’s high with a gap up on Wednesday where it hit 30167 in the IB but saw swift move lower from the ‘C’ period onwards resulting in the entire upmove being retraced as BNF tested Monday’s VPOC of 29013 on Thursday but left a daily FA at lows of 29000 which marked the end of the probe lower as the auction went on to tag the 1 ATR objective of 29677 to the dot on the same day. Friday saw a Normal Day being formed with mostly higher Value but inside a narrow range of just 398 points as BNF built volumes at 29650 and closed around it and would be the immediate reference in the coming session(s). This week’s Value was mostly higher at 29162-29512-29722 but has a selling tail from 29780 to 30167 which needs to be negated for the PLR to remain on the upside.

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

Monthly charts (November 2020) and Market Profile Analysis
Market Profile Analysis dated 27th November 2020

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

  • January 2023 (120)
  • 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 dated 30th Jan 2023 January 30, 2023
  • Participantwise net Open Interest and net equity investments – 30th JAN 2023 January 30, 2023

Address

  • 9511921975
  • support@vtrender.com

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

whatsapp whatsapp