Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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.

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

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Sell in July and Go Away – July Market…

Markets have been one-sided in Nifty Futures this week. However, the development of information is quite serious and the market-generated information brings the odds...
Rajandran R
28 sec read

Short Covering from an Extreme Short Term Inventory –…

Nifty trading inventory goes short to too short as on last Monday trading session followed by a short-covering rally and this inventory adjustment process...
Rajandran R
22 sec read

State of the Market – 20th June 2022

It's Monday morning and SGX Nifty is trading sub 15300 levels and a little bit of nervousness in the markets as the last Thursday's...
Rajandran R
1 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