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 Market Profile Charts for 3rd April 2013 Trading

21 sec read

Nifty Daily Profile Charts
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Nifty April Futures Daily Profile Charts are shown. Yesterday nifty had formed a double distribution Trend Day pattern. A double distribution trend day occurs when trading is light during the day followed by a sudden expansion of the initial balance by the longer term market participants later in the session. This one-time activity usually occurs into the afternoon session. This sudden change can be caused through fundamentals, news, economic reports, or just plain supply or demand.

Value are High(VAH) at 5755 and Value area low(VAL) at 5705 and the Point of Control (POC) at 5715

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)

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4 Replies to “Nifty Market Profile Charts for 3rd April 2013 Trading”

  1. hi rajandran
    which software u r using for this market profile concept..also my query on itrend ribbon is pending yet hope u wil discus soon
    thanks
    daytrader

    1. Iam using Market Delta for Market Profile and Footprint Profile Study. And iTrend Ribbon is only Free to view. Code not for public access or for sale.

  2. Hi,
    With a double distribution you have two VA and these must be taken as different VA, rather than taking the auto generated levels.

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