Market Profile Analysis dated 29th May 2024

Nifty May F: 22743 [ 22874 / 22721 ]

Nf 19 Market Profile Analysis Dated 29Th 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 29th May 2024 3 Decode the Market
Open Type
OAOR (Open Auction)
Volumes of 29,008 contracts
Average
Initial Balance
94 points (22874 – 22780)
Volumes of 75,335 contracts
Average
Day Type
Normal Variation – 152 pts
Volumes of 2,80,759 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 22754 F and VWAP of the session was at 22785
  • Value zones (volume profile) are at 22730-22754-22807
  • NF has closed below the AVWAP of 22959 from Trend Day from 23/05 so will not be a resistance point
  • NF has immediate support at AVWAP of 22703 from Swing Low of 22154 from 16/05
  • NF has swing support at AVWAP of 22573 from Swing Low of 21900 from 13/05
  • NF confirmed a FA at 23037 on 28/05 and completed the 1 ATR objective of 22811 on 29/05. The 2 ATR target comes to 22584
  • NF confirmed a FA at 21900 on 13/04 and completed the 2 ATR objective of 22343 on 14/05. This FA has not been tagged hence is a postional swing support
  • HVNs are at 22638 / 22778 (** 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 30th May 2024
Up
22754 – POC (29 May)
22795 – 29 May Halfback
22852 – Sell Tail (29 May)
22892 – Gap mid (29 May)
22950 – VAL (28 May)
These levels are best actionable once we get confrimation from the OrderFlow charts
Down
22738 – M TPO VWAP (29 May)
22699 – Buy Tail (23 May)
22640 – L TPO VWAP (22 May)
22595 – PBL (22 May)
22546 – SOC (21 May)
These levels are best actionable once we get confrimation from the OrderFlow charts

BankNifty Jun F: 49011 [ 49411 / 48905 ]

Bnf 19 Market Profile Analysis Dated 29Th 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 29th May 2024 4 Decode the Market
Open Type
OAOR (Open Auction)
Volumes of 14,793 contracts
Average
Initial Balance
336 points (49411 – 49075)
Volumes of 37,923 contracts
Average
Day Type
NV (‘b’ shape) – 505 pts
Volumes of 1,93,345 contracts
Average

to be updated…

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

Daily Zones
  • Largest volume (POC) was traded at 49047 F and VWAP of the session was at 49074
  • Value zones (volume profile) are at 48965-49047-49124
  • BNF has immediate supply at AVWAP of 49361 from Swing High of 27/05
  • BNF has closed below AVWAP of 49032 from Swing Low from 13/05 and will now be a supply point
  • BNF confirmed a FA at 47523 on 13/04 which has not been tagged and is now a positional Swing support .
  • HVNs are at NA (** denotes series POC)
Weekly Zones
Monthly Zones
  • The settlement day Roll Over point (June 2024) is 49047
  • The VWAP & POC of May 2024 Series is 48300 & 47726 respectively
  • The VWAP & POC of Apr 2024 Series is 47971 & 47994 respectively
  • The VWAP & POC of Mar 2024 Series is 47051 & 47300 respectively
Business Areas for 30th May 2024
Up
49047 – POC (29 May)
49161 – B TPO VWAP (29 May)
49280 – A TPO POC (29 May)
49361 – AVWAP (27 May)
49474 – M TPO POC (28 May)
Down
48965 – VAL (29 May)
48851 – TD VWAP (23 May)
48715 – C TPO tail (23 May)
48610 – B TPO POC (23 May)
48509 – Buy Tail (23 May)

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