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.

Nifty Market Profile Charts for 3rd April 2013 Trading

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Nifty Daily Profile Charts

 
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 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.

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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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