Market Profile Analysis dated 19th June

Nifty Jun F: NF opened with a gap up and drove higher getting into the the selling tail of 17th June (11780 to 11838) as it made a high of 11815 in the ‘A’ period but did not see any follow through in the next 2 periods as the ‘C’ period made a double inside bar with a range of just 10 points which indicated that the auction is making poor trade facilitation in the supply zone. (Click here to view the profile chart for better understanding) NF then made a move above ‘C’ but was immediately rejected as it…

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Market Profile Analysis dated 18th June

Nifty Jun F: NF gave a hat-trick of OTD (Open Test Drive) down again on lower volumes as it opened at the HVN of 11700 and made a probe higher getting rejected from just below the yPOC of 11736 and went on to break below PDL (Previous Day Low) as it tagged 11678 in the A period. The drive down however failed as the auction got back into the previous day’s range & then above VWAP in the ‘B’ period as it went on to tag the yPOC making a high of 11739 in the IB (Initial Balance) (Click here…

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Market Profile Analysis dated 17th June

Nifty Jun F: NF gave a second consecutive OTD (Open Test Drive) down on low volumes as it opened in Friday’s spike but got rejected from the HVN of 11830 to leave a selling tail from 11830 to 11777 in the IB (Initial Balance). (Click here to view the profile chart for better understanding) The C period then made an inside bar after which the auction probed above VWAP in the ‘D’ period to test the morning singles but was again met with rejection as it left a pull back high at 11780 after which NF tagged the 1 ATR…

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Market Profile Analysis dated 14th June

Nifty Jun F: Yet again, there was no follow up to a Neutral Extreme profile as for the second consecutive day, NF moved away from the previous day’s HVN at open leaving a second VPOC at 11922 in 2 days after the earlier one of 11979 it left on Wednesday. The auction left singles in the ‘A’ period from 11928 to 11900 to start making a lower balance & a probable ‘b’ shape profile as it stayed inside the previous day’s range making a low of 11847 in the ‘F’ period and rotating around VWAP till the K period. (Click…

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Weekly charts (10th June to 14th June) and Market Profile Analysis

Nifty Spot Weekly Profile (10th June to 14th June) Last week report closed with this line ‘The weekly range & value has made an outside bar indicating that the auction could continue to be in this range for some more time’ which is what happened this week as Nifty not just stayed in the previous week’s range but also stayed put the entire week in previous week’s Value too almost tagging both ends as it made a high of 12000 on Tuesday from where it got rejected & probed lower confirming a weekly FA at top and went on to…

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Market Profile Analysis dated 13th June

Nifty Jun F: NF opened lower and went on to break below PDL (Previous Day Low) making a freak low of 11855 at open before it got back into previous day’s range and went on to almost tag the yPOC of 11915 making a high of 11911 in the A period confirming a ORR – Up (Open Rejection Reverse) start to the day. This ORR was negated & considered failed as NF broke below PDL again in the B period triggering a trending move down till the F period as NF made a low of 11836 but still could not…

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