Market Profile Analysis dated 02nd May 2024

Nifty May F: 22774 [ 22808 / 22688 ]

Nf 1 Market Profile Analysis Dated 02Nd May 2024 Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Srategies, Market Profile, Market Profile Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Technical Analysis, Trading Strategies, Volume Profile Trading
Market Profile Analysis dated 02nd May 2024 3 Decode the Market
Open Type
OA (Open Auction)
Volumes of 26,618 contracts
Below Average
Initial Balance
80 points (22767 – 22688)
Volumes of 51,769 contracts
Below Average
Day Type
Normal Variation – 120 pts
Volumes of 1,92,043 contracts
Below Average

to be updated…

Click here to view the latest profile in NF on Vtrender Charts

Daily Zones
  • Largest volume (POC) was traded at 22820 F and VWAP of the session was at 22785
  • Value zones (volume profile) are at 22763-22820-22848
  • NF has swing supports at the Trend Day VWAP of 22679 (29 Apr) and the AVWAP (Anchored VWAP) of 22600 from Swing Low of 19th Apr
  • NF confirmed a FA at 22977 on 09/04 and has not been tagged hence is a postional swing level
  • HVNs are at NA (** denotes series POC)
Weekly Zones
Monthly Zones
  • The settlement day Roll Over point (May 2024) is 22648
  • The VWAP & POC of Apr 2024 Series is 22386 & 22457 respectively
  • The VWAP & POC of Mar 2024 Series is 22168 & 22001 respectively
  • The VWAP & POC of Feb 2024 Series is 21956 & 21930 respectively
Business Areas for 03rd May 2024
Up
22797 – VAH (02 May)
22820 – VPOC (30 Apr)
22865 – SOC (12 Apr)
22899 – Selling Tail (12 Apr)
22938 – VPOC (10 Apr)
These levels are best actionable once we get confrimation from the OrderFlow charts
Down
22761 – VWAP (02 May)
22725 – PBL (02 May)
22679 – Trend Day VWAP (29 Apr)
22638 – C TPO h/b (29 Apr)
22590 – B TPO VWAP (29 Apr)
These levels are best actionable once we get confrimation from the OrderFlow charts

BankNifty May F: 49388 [ 49588 / 49170 ]

Bnf 1 Market Profile Analysis Dated 02Nd May 2024 Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Srategies, Market Profile, Market Profile Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Technical Analysis, Trading Strategies, Volume Profile Trading
Market Profile Analysis dated 02nd May 2024 4 Decode the Market
Open Type
OA (Open Auction)
Volumes of 14,423 contracts
Below Average
Initial Balance
288 points (49588 – 49300)
Volumes of 36,946 contracts
Below average
Day Type
Normal (3-1-3) – 417 points
Volumes of 1,11,256 contracts
Below average

to be updated…

Click here to view the latest profile in BNF on Vtrender Charts

Daily Zones
  • Largest volume (POC) was traded at 49393 F and VWAP of the session was at 49389
  • Value zones (volume profile) are at 49306-49393-4947
  • BNF has swing supports at the Trend Day VWAP of 49150 (29 Apr) and the AVWAP (Anchored VWAP) of 48846 from Swing Low of 19th Apr
  • HVNs are at NA (** denotes series POC)
Weekly Zones
Monthly Zones
  • The settlement day Roll Over point (May 2024) is 48360
  • The VWAP & POC of Apr 2024 Series is 47971 & 47994 respectively
  • The VWAP & POC of Mar 2024 Series is 47051 & 47300 respectively
  • The VWAP & POC of Feb 2024 Series is 46119 & 45700 respectively
Business Areas for 03rd May 2024
Up
49393 – POC (02 May)
49471 – VAH (02 May)
49604 – VWAP (30 Apr)
49760 – SOC (30 Apr)
49900 – Tail (30 Apr)
50005 – Weekly 2 IB
Down
49306 – VAL (02 May)
49198 – HVN (02 May)
49047 – Weekly VWAP (25-30 Apr)
48940 – Ext Handle (29 Apr)
48846 – AVWAP (19 Apr)
48757 – Ext Handle (29 Apr)

You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.