The market profile on breaking the range has closed down the lower range for 3 days and on one day it closed above the value area.
The volume action is suggesting heavy auctions at the 5750 range and then at the 5830 levels.
Friday, January 14, 2011
Nifty Market Profile and Volumes: Stepping down on price ladder
Nifty future Market Profile picture is like stepping down a price ladder.
The market profile on breaking the range has closed down the lower range for 3 days and on one day it closed above the value area.
The volume action is suggesting heavy auctions at the 5750 range and then at the 5830 levels.
The index even closing below the last few failed auctions at 5750 levels and today closing below 5750 levels shows more selling to trigger here.
The market profile on breaking the range has closed down the lower range for 3 days and on one day it closed above the value area.
The volume action is suggesting heavy auctions at the 5750 range and then at the 5830 levels.
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