A trend day occurs when there is a high level of cofidence expressed throughout the day. Larger time frame market participants must be active in order for any trend day to occur. The above Nifty Profile Charts shows a clear trend day with long term/medium term sellers entering the market and dragging it down.
The Value area high (VAH) at 5760 and Value area low (VAL) at 5725 and the Point of Control (POC) at 5745
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seller says
April 4, 2013 at 8:44 amso this signify to go short on nifty?
Rajandran R says
April 4, 2013 at 9:18 am@seller,
Market Profile Tell you when the longer timeframe buyers and sellers are entering the market. It is not necessarily a buy or sell call.
Joy says
April 5, 2013 at 12:00 amHi Rajendran,
In my opinion it is not trend day as value was built in the upper part till after noon. A nice balanced profile. In the last two TPO periods it broke down from that value, it is considered as closing spike. The most conventional analysis doe not take a day as trend Day if 5 + TPOs overlap at any point.