NF Weekly Plan | 11th Mar -15th Mar 2024
NF Weekly Volume Profile Charts :
NF after an outside week this week we started making higher value weekly close at ATH. Last week we have mentioned that weekly structure is poor and can refill those poor structures if no demand above the weekly high. NF marked for weakness only below 22340 levels.
NF this week open flat on start of the weekly session ( Monday) and was having no demand to travel upside and the PLR is to fill those poor structures left till 22340 levels.
NF after making a no demand profile at the start of the week and then made a dip till 22320 levels to fill some poor structures and then bounced sharply to print an ATH via a large spike.
A short weekly trading session with only 4 days of trade and NF on last day of the weekly session registered a no demand profile. However weekly is OTF up with higher value and this week we got a VPOC skew near DVAH which is advantage to bulls.
This week profile also left some anomalies in the structure. We would likely to target those anomalies next week if there is no demand above this week high. With this VPOC skew bulls could go for a gap or drive higher and stay away from this weekly VPOC.
Nifty bulls unable to do the same and start rotation inside this week is likely to test 22430 levels. Weakness below 22430 levels targeting weekly lower extreme levels.
Levels of Interest :
Bullish above 22595 targeting 22620/630 levels.
Break and hold above 22630 levels targeting 22680/22750/22797 levels upside.
Weakness below 22430 targeting 22380/22340/22320 levels.
Below 22320 levels targeting 22300/22260 levels.
Break and hod below 22250 levels is towards 22190/22180 levels.