Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Trend Day in Nifty Daily Market Profile Charts
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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.
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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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Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
3 Replies to “Trend Day in Nifty Daily Market Profile Charts”
so this signify to go short on nifty?
@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.
Hi 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.
so this signify to go short on nifty?
@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.
Hi 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.