Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Trend Day in Nifty Daily Market Profile Charts

16 sec read

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.
[wp_ad_camp_5]

 
The Value area high (VAH) at 5760 and Value area low (VAL) at 5725 and the Point of Control (POC) at 5745

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Nifty and Bank Nifty Straddle Premium, Implied Volatility and…

Focusing on the straddle premiums is quite important as we are nearing the major economic event of Budget 2023. Ahead of a major economic...
Rajandran R
1 min read

Understanding Option Mispricing Trading Strategies

Options mispricing is a phenomenon that occurs when the market price of an option deviates from its theoretical or fair value as calculated using...
Rajandran R
2 min read

Difference Between India VIX and Implied Volatility

India VIX (India Volatility Index) is a measure of the market’s expectation of volatility in the Indian stock market over the next 30 calendar...
Rajandran R
2 min read

3 Replies to “Trend Day in Nifty Daily Market Profile Charts”

  1. @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.

  2. 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.

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More