Market Profile EOD analysis & Ref levels

Nifty future opened above prev day value area again met with responsive sellers pushed price inside the value area (Open drive down) and stalled at 8430 yesterday's Poc. A neutral day ( bell shaped) with value area overlapping suggest a temp pause to existing rally. The slow move either side suggest market likely to spend more time in this zone. On a composite profile it looks a triple distribution marking 8475 a key ref zone.

Key ref level to track here is 8520 / 8475 / 8400 / 8330 . We should look for faster move on price leaving this zone to catch the next trade. Poor structure at 8380 zone is a sign of caution to add longs at higher levels.

Happy trading !

Jay

Market Profile EOD analysis & Ref levels

Nifty Fut opened with a huge imbalance down below 4 day balance zone . Value area developed completely lower with a double distribution structure . 8350 Zone Bracket low holds the key . Retest and rejection is a good short rentry opp. We had failed auction at yesterday's low zone 8192. So any upside rejection we need to position short accordingly looking for that area retest. 8345 & 8240 VPOC key ref levels here.

NIFTY FUTURE -Open Trade 23rd JUNE

Open is Inside yesterday Range.  Some structure repairing possible.
Open bias is negative, looking to enter short. 8370 Volume print as stop.
Understand this view is purely for first few hours of trade.

Market Profile EOD analysis & Ref levels

Nifty opened above prev day value area had a OTD up. Value area completely developed higher with range extension on higher side.  We are not getting any shut off to this current higher side auction yet. So theme is bullish continuation here.

Key reference levels to track here are 8375 & 8310 . A bit of caution would be poor structure at 8285 zone. 8450 we have a pending POC at higher side where there is high chance to probe that going fwd. Till expiry it looks bullish here.

Happy trading !

Jay

Open Bias Nifty Future - 19 th June

Nifty Future Open Today =>Open Auction Out of Range . Which is continuation of yesterdays bullishness.
However Open seems  kind of slow, lacking conviction so not jumping in trade at open.
Will look for long entry on Pull back .

Market Profile EOD analysis & Ref levels

Nifty fut opened above prev day value area high again and took support at 8095 ref level scaled up (Open test drive) pushing price above 8125 prev day high. A short covering (P shaped) profile developed for the day. Value area completely developed higher. we are near important level of 8200 where lastly we saw sellers initiating trades . Being a weekend longs need to place their sl below 8140.

We have  VPOC's at 7975 & 8075.  Till 8140 holds bullish scenario continues. 8195 & 8210 two imp key ref levels to look for at higher levels. Struggling to cross this zone can bring in some profit booking @ higher levels till 8075.

Happy trading !!


Jay

Nifty Future Open Trade -18th June

NF opened above VAH But within range .
Open bias is + ve , looking to for Buying Opportunity 

Market Profile EOD analysis & Ref levels

Nifty future opened above prev day VAH and met with responsive sellers (Open drive down) around 8095 HVN of 10 th july. Post initial balance formation those morning sellers cant able to push price down. Held the gap till afternoon and price scaled up to 8125 Zone VAH of 10th july found sellers again & price closed at 8075 POC for the day. Normal variation day with range extension upside & value area developing higher.8125 been probe zone for this leg started at 7930 had been achieved. Market might look for new clues here.

We see some good response by sellers at 8125 zone. This supply need to fade away for meaning full upmove from here. Struggling to cross that can make price probe to 7975 VPOC going fwd. Key ref levels to watch out for 8095 & 8010. 7975 being a composite HVN likely to get support.

Happy trading !!

Jay 

Market Profile EOD analysis & Ref levels

#NF opened flat probed down & auctioned sideways for most of the time. Broke IB low & entered prev day single print buying zone. Took support at 7945 (VAL of 12/6/15) found responsive buyers there scaled up to yesterday's high making an neutral extreme up day. Its bullish here. Things to note down to be cautious as today's value area overlapped lower & POC below previous day's POC.

Key ref levels to look  going forward. 7995 Today's Value area high & 8080 (10/6/15 Value area low) . Bullish scenario continues till it auctions above 7995 for 8150 likely probe zone going fwd.

Happy Trading !!

Jay 

Failed Auction ?

Did NF saw Failed Auction on downside on Friday ??
Whats Failed Auction= Its Single Prints at one end of Profile after Initial Balance but then Range Extension at the opposite end.
As its visible on chart, NF had Failed Auction in "F" Period and Range Extension on opposite side in "I" Period.
If market holds failed Auction Price, NF can head for some good UP move or at least  some rotation.
(I understood this Failed Auction Term from Barros Blog.. )
Here i would like to share what he mentioned about Failed Auction :-
"Market Profile Theory suggests we ought to see a Failed Auction’s price within 5-trading days. The fact that we did not, will suggest that the market has more Upside." ( which is honestly very New to me )

Now im curious to see Action Near Previous Failed Auction on Upside on 7th Feb "K" Period i.e.5445 ( 14th Feb will be 5th day ) :)

All Comments are welcome .