Nifty Futures is consecutively making higher high and higher lows for last 4 trading sessions. This series so far shorter term buyers dominant is more than anyother timeframe. One of the day where shorter timeframe inventory went long to too long. Profile structure is showing a possible instant weakeness however support are building around 10280-10300 levels.
On the Daily charts visual support reference around 10125 levels. Put writers for this series initally started writing 10000PE and 10100PE however in the last three trading sessions despite global market weakness put writers marched towards writing 10200PE and now towards 10300PE as well.
Nifty Futures Market Profile Charts
Nifty futures formed a prominent POC and now the overall structure holds 3 prominent POC in a row – one of the place where the short-term inventory is getting long to too long. Any weakness building lower or value formation lower could bring down towards the reference levels 10333 and 10300 levels.
Hi Rajandran,
I have no coding expertise and would like someone (hopefully you) to code an indicator for me on Trading View. I’ve written the code in prorealtime.com, but I need it translated. It is based on a moving linear regression line, but sadly moving linear regression is not an indicator in trading view so it needs to be written. Happy to pay you for your time or we can come to an arrangement on sharing the intellectual property. Hope to hear from you.