One of the frequent questions I received was if I could teach AMT & Market Profile. Will be starting new series of videos 'MP Paathshala' from 1-May. Hope, this would help in reducing your learning curve. Stay tuned to
https://t.co/kxLeNYrwC7 if interested.
#BANKNIFTYFUTURE After getting oversold, weak sellers are thrown out with back to back sessions of short covering. Buyers dominated two consecutive tradition sessions and closed the day at high point of the day. Scenarios for expiry below #banknifty#MarketProfile
#BANKNIFTYFUTURE Broader market trend remains weak with sellers dominating auction by selling on every rise. 32k, psychological support that's important for buyers to hold for any pull back in this oversold market. Scenarios for pre-expiry session below #banknifty#MarketProfile
#BANKNIFTYFUTURE 16-Dec: Buyers struggling in the zone of 37000-37200 and are being repeatedly pushed back into balance. Market continues to be weak. #MarketProfile scenarios for #banknifty
#BANKNIFTYFUTURE 15-Dec: Buyers failing to get extension above prior balance. They had an attempt on 13/12 but failed to head higher that resulted in liquidation back into the balance. #MarketProfile scenarios for #banknifty
#BANKNIFTYFUTURE 13-Dec: Market pretty much balancing for last couple of weeks. 36450-37000 was lower balance while 37000-37600 was higher balance developed last week. Pre-market suggests gap up out of balance. #MarketProfile scenarios for #banknifty
#BANKNIFTYFUTURE 07-Dec: After a decent open and probe higher during first half, buyers failed to push higher that eventually led liquidation with range extension to the downside closing almost at the day's low. #MarketProfile scenarios for #banknifty
#BANKNIFTYFUTURE 6-Dec: After a slow grind up towards 37k, buyers failed to take out key resistance only to liquidate all towards 36k forming an outside day down on Friday. Sellers were in control of auction. However, market balanced between 36k-37k for the entire week #banknifty
#BANKNIFTYFUTURE 2-Dec: It was another day of balancing action within prior day's range forming NR4 inside day and market in 4 day balance. Today's expiry shall be with respect to this balance. Market likely to make a big imbalance move if it were to come out of this balance
#BANKNIFTYFUTURE 1-Dec: After a strong up move during first hour of trade, buyers failed miserably to take out prior support zone that turned into resistance. Buyers liquidated back towards single prints from the prior day ending the day as neutral extreme down day #MarketProfile
#BANKNIFTYFUTURE 30-Nov: Market continues to one time frame to the downside however buyers emerged at 35500 who pushed the market strongly higher. Buyers faced resistance around previous day's POC eventually forming a 'P' shape profile. scenarios for #banknifty#MarketProfile
#BANKNIFTYFUTURE 29-Nov: Market broke down below weak lows/demand zone of 36680-36900 and closed towards low point of the day. Pre-market suggests higher open compared to Friday's settle. Prior demand zone of 36680-36900 likely to act as resistance. Scenarios for #banknifty
#BANKNIFTYFUTURE 26-Nov: Market continues to balance within broader range formed on 22-Nov. Yesterday's expiry was a narrow ranged neutral center day with poor auction from both the buyers and sellers. 36680-37000 is demand zone while 37800-38200 being supply zone #banknifty
#BANKNIFTYFUTURE 25-Nov: After one time framing to the downside for continuous 5 days, buyers are able to stop it yesterday however they failed to get a good closing and falls back towards prior day's HVN.