Nifty Spot Weekly Profile (5th to 8th Mar)
Nifty Spot drove higher from previous week’s POC as it opened the week with a trend day as it got above the previous week’s high and went on to tag the weekly vPOC of 11004 after which it made a nice balance at top to give a ‘p’ profile for the week with the POC at 11032 which will be the level to watch in the coming week. Support lower would be at 10999. The weekly Value is 11010-11032-11066.
NF (Weekly Profile)
After the balanced profile of previous week NF was expected to give a trending move and though the week began with a gap down but it also gave a drive up from previous week’s POC of 10875 to give a trend day as it moved away from previous week’s Value with an elongated profile on Tuesday after which NF balanced for the next 3 days forming a composite ‘p’ profile for the week. NF made a high of 11129 just falling short of that 1 ATR target of 11144 from the weekly FA of 10833. This week’s POC is at 11076 which will be the important level to hold for more upside & the stem of the ‘p’ profile starts from 11013 with couple of extension handles at 10976 & 10895. This week’s Value is 11028-11076-11109.
BankNifty Spot Weekly Profile (5th to 8th Mar)
Report to be updated…
The weekly Value is 27540-27600-27780
BNF (Weekly Profile)
BNF gave a drive up at the week’s open after which it made a composite ‘p’ profile for the week with the POC at 27670 making clean higher Value leaving below the 3 weeks of overlapping value it had made. The POC will be the first level of support to watch on any dip & below it we have the stem of the profile at 27560 with singles till 27486 below which we have an extension handle at 27288. This week’s Value is 27600-27670-27864
