[TradeZilla] Nifty and Bank Nifty Market Profile Summary – 8th Apr 2016
Nifty Opened below previous day value area but within previous days range. Open type = OAIR (Open Auction in Range) and Day Type = Normal Profile
Nifty Opened below previous day value area. We are attempting towards the previous weak high at 7794 zone. Twice my attempt ended in a failure and lost (net 61 points in Nifty futures). Initially we attempted for a mechanical buying reference at prev day low but later the mechanical buying reference taken out as market came down.
Nifty Daily Profile 1)Nifty Opened with a Gap up outside the previous days range. And cleared the Prominent POC at 7794 in the first few seconds after open. On the downside it cleared the Prominent POC reference zone – 7741. 2)The Opening Confidence was good. we thought of Open Test Drive initially but then later […]
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