Profiling Nifty Futures September 2016 Quarter End Trend Analysis with the help of Market Profile and Volume Profile Charts
September 2016 quarter has ended with Nifty Futures October Contract closing at 8640.65 against the previous quarter close of June Contract at 8288.90, a gain of 351.75 points or 4.24% on a QoQ basis. Following the Surgical Strikes conducted by Indian Army on the Terrorist launch pads across the LoC, there was panic selling on the September 2016 expiry day and the last day of month settled with a cool off after the panic.
As it was difficult to explain the process of getting to the levels marked on the chart, I thought of making a short video on how the Top down approach works in terms of Market Profile and the importance of the market generated information with respect to the context of the earlier info of the past. Though I wanted to keep it short but realised that it is almost an hour of a mental torture for those who do not understand about Market Profile and hope that its a time worth spent watching for those who are learners like me or wanting to add this wonder study to their existing analysis methods.
I am posting the Long-term Microcomposite chart here for reference purpose in case anyone wants to refer it in future and not go through the entire video every time they want to refer to the levels.
Nifty Futures Long-term Micro Composite Chart
These are the tweets for reference that I have discussed in the video.
https://twitter.com/ProAMTraider/status/780330069629673473
https://twitter.com/ProAMTraider/status/780746544630730753
https://twitter.com/ProAMTraider/status/781384014661758976
https://twitter.com/ProAMTraider/status/781391187051581440
https://twitter.com/ProAMTraider/status/781412843212017664
This process also has taken a lot of screen space and your time it seems so lets finally see the video where I discuss the Nifty Futures Charts with Market Profile Perspective
Please select 1080 HD from the bottom right-hand menu to view the charts clearly in Full HD
Please feel free to ask your queries in the comments section. Just to clarify, I am not an astrologer and do not know if Nifty will go up or down. I trade each segment at a time and happy with a 16 point rotation and change the references as per the circumstances as the auction develops.
Thanks
Disclaimer : The charts and levels are for educational and reference purpose only and not a recommendation to trade. Trading derivatives involve substantial risk of loss. We will not be liable for any losses arising from any trades taken on the basis of these levels. The usage of the charts is subject to Terms of Use, Risk Disclosure / Disclaimer and the Privacy Policy of Justfintech.com
