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.

Market Profile Key Reference Levels – 4th FEB 2016

30 sec read

NF Profile

Nifty futures opened gap down (Sentimental gap down) on 3rd FEB followed by a balancing action. Back to Back poor high and poor low is noticed on yesterdays auction and prominent POC at 7404. And the value got formed completely on the lower side. And the Auction came in the direction of 3rd FEB Spike suggests possibilities of continuing on the lower side towards the nearest power low zones 7250-7270 zones if market sustains below 7404 in the very shorter run.

Ref Points

Yesterdays balancing auction provides very limited opportunity from the day traders perspective as markets are testing the IB Breakout zones thrice and the sentimental gap got a partial fill and left unfaded in yesterdays auction. And to be noticed markets came down with thin volume.

Daily Market Commentary [Video Log]

httpv://www.youtube.com/watch?v=l3oT13nwrwI

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.

10 Things to know before learning/trading with Market Profile

Market Profile a great tool to understand the markets, market sentiments, helps traders to understand the dominant traders, weaker hand traders much better than...
Rajandran R
2 min read

[Free Webinar] Trading the Market Structures using Market Profile

Learn to trade Market Profile Structures provides deeper insights about the market activity and helps traders to explore the edge in a very short...
Rajandran R
27 sec read

[Free Webinar] Swing Trading using Market Profile

In this webinar, you will be learning the nuances of how to use Market Profile to do swing trading and how to analyze the...
Rajandran R
33 sec read

Leave a Reply

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