Market Profile Analysis dated 02nd February 2021

Nifty Feb F:  14696 [ 14767 / 14480 ]

NF continued the imbalance of previous day as it not only opened with a big gap up of 168 points but continued to trend higher in the IB (Initial Balance) as it scaled above the VPOC of 14618 & negated the FA of 14660 before making a high of 14767 stalling just below the higher VPOC of 14785 leaving a huge 287 point IB range. This OTF (One Time Frame) move from 13948 then stopped in the ‘C’ period as it made a lower low and continued the probe on the downside in the ‘D’ period too where it left a PBL (Pull Back Low) at 14545 signalling the start of a balance as it formed a Normal Day with tails at both ends of the IB and the dPOC shifting higher to 14710 into the close. Value for the day was completely higher so the PLR remains to the upside with the PBH of 14732 & the VPOC of 14785 as immediate references.


Click here to view the latest profile in NF on MPLite

  • The NF Open was a Open Auction Out of Range (OAOR)
  • The Day type was a Normal Day
  • Largest volume was traded at 14710 F
  • Vwap of the session was at 14674 with volumes of 165 L and range of 287 points as it made a High-Low of 14767-14480
  • The settlement day Roll Over point (Feb) is 13809
  • The VWAP & POC of Jan Series is 14288 & 14569 respectively.
  • The VWAP & POC of Dec Series is 13528 & 13528 respectively.
  • The VWAP & POC of Nov Series is 12554 & 12862 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 14599-14710-14714

HVNs – 13886 / 14015 / 14172


BankNifty Feb F:  34393 [ 34740 / 33601 ]

BNF also opened higher with a gap up of 334 points almost making a OL (Open=Low) start at 33610 and galloped by more than 1100 points in the A period itself as it made highs of 34740 but this also marked the end of the imbalance from yesterday’s extension handle of 31680 as the auction remained in this A period range for the rest of the day forming a 3-1-3 profile with small tails at both ends. Value for the day was completely higher and like NF, the dPOC shifted higher to 34431 into the close and would be the reference for the next open with the PLR remaining on the upside.

Click here to view the latest profile in BNF on MPLite

  • The BNF Open was a Open Auction Out of Range (OAOR)
  • The Day type was a Normal Day
  • Largest volume was traded at 34431 F
  • Vwap of the session was at 34234 with volumes of 90.5 L and range of 1140 points as it made a High-Low of 34740-33601
  • The settlement day Roll Over point (Feb) is 30445
  • The VWAP & POC of Jan Series is 31597 & 32062 respectively.
  • The VWAP & POC of Dec Series is 30270 & 30766 respectively.
  • The VWAP & POC of Nov Series is 28104 & 29565 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 34055-34431-34540

HVNs – 30041 / 30534 / 30996 / 34398

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