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Friday, February 8, 2013

Nifty View from Market profile perspective









#nf just formed a " b " shape profile yesterday . It just kissed previous VPOC and swiftly rejected from there where price auctioned till last 2 day upper balance and auctioning back below that 2 day balance zone and closed below it. Now the rejection from both side suggest both bulls & bears making some tough fight is this zone . For bulls its the previous Vpoc support @ 5943 & " b " shape profile & For bears its the two day balance high & below previous Vpoc 5943 . Either one goes one can expect a good move. We have two Vpoc's right now on upside around 6042 & 6067 if 5943 doesnt breaks one can expect price visiting those levels.


Happy trading !!

Regards

Jay