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 (30th March to 01st April 2021) and Market Profile Analysis

April 3, 2021April 3, 2021 vtrender Blog

Nifty Spot Weekly Profile (30th Mar to 01st Apr 2021)

Spot Weekly – 14867 [ 14883 / 14617 ]

Previous week’s report ended with this ‘The weekly profile is a Neutral one with overlapping to lower Value at 14499-14643-14871 with an extension handle at 14598 which would be the reference on the upside above which we have the daily VPOCs of 14635 & 14793 whereas on the downside, Nifty has immediate support at 14416 below which the reference would be the VPOC of 14317 for the coming week’

Nifty made a strong start to the holiday shortened 3-day week as it moved away from previous week’s POC of 14643 with the help of a buying tail from 14688 to 14617 in the IB (Initial Balance) on Tuesday and made multiple REs (Range Extension) higher leaving couple of extension handles at 14783 & 14813 as it made a high of 14876 stalling right at previous week’s poor highs of 14878 which meant that the demand was still not good enough to take out this zone and this led to a gap down on Wednesday as the auction negated the 2 buying extension handles and continued to probe lower after leaving a selling tail in the IB from 14785 to 14813 as it formed a prominent POC at 14738 and went on to make a low of 14670 taking support in the initiative singles of the week forming a ‘b’ shape profile for the day. Thursday open saw a gap up of more than 100 points but the auction once again left a selling tail in the IB and probed lower completing the 80% Rule in previous Value as it made couple of REs in the ‘C’ & ‘D’ period where it made a low of 14692 where it took support not only marking the end of the downside probe but started a fresh OTF (One Time Frame) move to the upside into the close as Nifty made new highs for the week at 14883 leaving a Neutral Extreme Day Up.

The weekly profile is a narrow 266 point one due to the 2 holidays with Value being completely inside at 14694-14742-14790 and has a prominent POC at 14742 along with a buying tail from 14670 to 14507 which would be the important references on the downside for the coming week whereas staying above 14878, the levels to watch on the upside would be the daily VPOCs of 14986 & 15283 and in between them the weekly FA and positional reference of 15052.

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 14878 for a probe to 14930 / 14986 / 15052 / 15120 / 15153 / 15196 & 15262
B) Accepting below 14834 could lead to a test of 14791 / 14737 / 14694 / 14640 / 14573 / 14535 & 14474

NF (Weekly Profile)

14953 [ 14975 / 14687 ]

NF opened with a gap up on Tuesday continued to drive higher as it left a buying tail from 14775 to 14687 and went on to tag the daily VPOC of 14913 but saw good profit booking coming in as the dPOC shifted higher and this led to a gap down open on Wednesday as the auction reversed the probe to the downside and tested the buying tail while making a low of 14720 but like the previous day, the dPOC once again shifted into the close this time to the downside to 14753 indicating that the shorts were booking out. Thursday then saw a higher open and a probe lower which got stopped at 14760 just above the POC of 14753 and this led to a late RE to the upside in form of an extension handle at 14879 in the ‘H’ period as the auction went on to make new highs for the week at 14975 leaving a Neutral Extreme profile for the day but once again saw the dPOC shifting higher to 14952 into the close. This week formed an inside week both in terms of range & value as it stayed above the HVN of 14630 to form a balanced profile with Value at 14749-14805-14861.


BankNifty Spot Weekly Profile (30th Mar to 01st Apr 2021)
Spot Weekly – 33858 [ 33991 / 33152 ]

Previous week’s report ended with this ‘The weekly profile formed completely lower Value at 33180-33420-33960 as it remained below previous week’s extension handle of 34405 & POC of 34500 and seems to have completed the lower distribution with this week’s POC of 33420 being the immediate reference for the coming week on the upside along with the PBHs of 33527 & 33686 along with the extension handle at 33833 whereas on the downside, BankNifty could go for a test of the daily VPOC of 32966 in case it drives away from 33391 and stays below 33180′

BankNifty made a gap up open on Tuesday above previous week’s POC of 33420 & the first PBH of 33527 and continued to probe higher making the dreaded C side extension as it made a high of 33977 but got rejected from the weekly VAH which triggered a reversal of the probe to the downside as the auction went on to test the IBL and even made marginal new lows of 33564 where it once again got rejected leading to a bounce back to the day’s high where it once again got rejected from the weekly VAH after making a marginal new high of 33991 forming a Neutral Centre Day with a close at the prominent POC of 33872. The sellers then took control at open on Wednesday as BankNifty started with an Open Drive Down and probed lower for the first half of the day completing the 80% Rule in the weekly Value as it made a low of 33152 in the ‘E’ period but just like it had got rejected from the weekly VAH, the auction could not sustain below the weekly VAL too as it left a small buying tail at lows and ended the day as a ‘b’ shape profile with the close around the prominent POC of 33313. Thursday saw the second gap up open of the week but was swiftly rejected fom the selling singles of previous day as it probed lower swiping through previous Value while making couple of REs in the ‘C’ & ‘D’ periods as it made a low of 33209 stalling just above buying tail which meant that the sellers were losing control and this led to a big short covering move from the ‘I’ period onwards completing another round of the 80% Rule in the weekly Value this time to the upside with BankNifty making a high of 33949 before closing the day at 33858.

This week’s range remained inside previous week’s Value hence the Value also was completely inside at 33210-33330-33750 and the weekly profile looks like a DD (Double Distribution) with the 2 HVNs at 33872 and 33330 and would need an initiative move away from one of them for the auction to change from balance mode to an imbalance in the coming week.

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

Weekly Hypos for Bank Nifty (Spot):

A) BankNifty needs a drive from 33872 for a rise to 34002 / 34140 / 34405 / 34513 / 34640 / 34745 & 34875
B) Accepting below 33850, the auction could test 33656 / 33453 / 33330 / 33210 / 33125 / 32966 & 32867

BNF (Weekly Profile) 

34155 [ 34250 / 33266 ]

BNF continued to build on the previous week’s Neutral Centre profile as the upside was capped at the weekly VAH on Tuesday after which the probe to the downside on Wednesday stalled at 33266 just above the VPOC of 33250 and after building a base at 33450, the auction gave another bounce into the close on Thursday as it made new highs for the week at 34250 before closing at 34155. Value for the week was slightly overlapping to lower at 33345-33495-33930.

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 (March 2021) and Market Profile Analysis
Participantwise Open Interest – 1st APR 2021

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