Market Profile Analysis dated 01st October 2020

Nifty Oct F:  11435 [ 11447 / 11344 ]

NF moved away from the 3-day composite as it opened with a 100 point gap up and made a slow probe higher gaining acceptance in the selling tail of 11343 to 11422 as it hit 11447 leaving a ‘p’ shape profile for the day and closed at 11435.

Click here to view NF move away from the 3-day composite on MPLite

  • The NF Open was a Open Auction Out of Range (OAOR)
  • The Day type was a Normal Variation Day – Up (NV – ‘p’ shape profile)
  • Largest volume was traded at 11425 F
  • Vwap of the session was at 11411 with volumes of 103.9 L and range of 103 points as it made a High-Low of 11447-11344
  • NF confirmed a FA at 10857 on 25/09 and tagged the 2 ATR objective of 11165 on 28/09. This FA is currently on ‘T+5’ Days
  • The settlement day Roll Over point (Oct) is 10830
  • The VWAP & POC of Sep Series is 11353 & 11560 respectively.
  • The VWAP & POC of Aug Series is 11311 & 11311 respectively.
  • The VWAP & POC of Jul Series is 10897 & 10803 respectively.

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

Daily Zones:

  • Value zones (volume profile) are at 11403-11425-11443

HVNs – 10962 / 11220

Main Hypos for 05.10.2020:

a) NF needs to sustain above 11440 for a rise to 11461-495 / 11519-550 & 11578
b) The auction staying below 11426 could test 11410-396 / 11366 & 11310-298

Extended Hypos:
c) Above 11578, NF can probe higher to 11595-615 / 11645-665 & 11685-711
d) If 11298 is taken out, NF could fall to 11266-242 / 11222-190 & 11158


BankNifty Oct F:  22316 [ 22367 / 21665 ]

BNF also saw an initiative move away from the 3-day balance as it not only opened with a gap up but continued to trend higher all day negating the extension handle of 21853 as it formed a DD (Double Distriubtion) Trend Day while making highs of 22367 falling just short of the prominent weekly VPOC of 22430 and closed the day at 22316.

Click here to view BNF move away from the 2-day composite on MPLite

  • The BNF Open was a Open Auction Out of Range + Drive (OAOR + D)
  • The Day type was a Double Distribution Trend Day – Up (DD)
  • Largest volume was traded at 22100 F
  • Vwap of the session was at 22105 with volumes of 82.1 L and range of 702 points as it made a High-Low of 22367-21665
  • BNF confirmed a FA at 20431 on 25/09 and tagged the 2 ATR objective of 21490 on 28/09. This FA is currently on ‘T+5’ Days.
  • The settlement day Roll Over point (Oct) is 20490
  • The VWAP & POC of Sep Series is 22320 & 22320 respectively.
  • The VWAP & POC of Aug Series is 22444 & 21595 respectively.
  • The VWAP & POC of Jul Series is 22163 & 22087 respectively.

For the Monthly charts & other swing levels for BankNifty & BNF click here & for the weekly charts & analysis, please click here.

Daily Zones:

  • Value zones (volume profile) are at 22012-22100-22360

HVNs – 20538 / 20822 / 21400 / 21630

Main Hypos for 05.10.2020:

a) BNF needs to sustain above 22335 for a rise to 22430*-490 / 22544-579 / 22640-675 / 22776-860 & 22945-992*
b) The auction staying below 22290 could test 22227-155 / 22101-020 / 21965-896 / 21835-775 & 21710-650

Extended Hypos:

c) Above 22992, BNF can probe higher to 23078-150* / 23230-315 / 23371-440 / 23494-530 & 23580-630
d) Breaking below 21650, it could fall to 21568 / 21470-405* / 21321-272 / 21184 & 21090-024

For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.

If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive