Market Profile Analysis dated 03rd May 2024

Nifty May F: 22575 [ 22888 / 22470 ]

Nf 2 Market Profile Analysis Dated 03Rd 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 03rd May 2024 3 Decode the Market
Open Type
OAOR (Open Auction)
Volumes of 37,358 contracts
Average
Initial Balance
83 points (22888 – 22805)
Volumes of 71,636 contracts
Average
Day Type
Trend – 418 pts
Volumes of 4,38,242 contracts
Above average

to be updated…

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

Daily Zones
  • Largest volume (POC) was traded at 22558 F and VWAP of the session was at 22655
  • Value zones (volume profile) are at 22594-22558-22471
  • 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. Both these supports were broken on 03/05 and are no longer valid references
  • 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 06th May 2024
Up
to be updated…
These levels are best actionable once we get confrimation from the OrderFlow charts
Down
to be updated…
These levels are best actionable once we get confrimation from the OrderFlow charts

BankNifty May F: 49094 [ 49650 / 48870 ]

Bnf 2 Market Profile Analysis Dated 03Rd 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 03rd May 2024 4 Decode the Market
Open Type
OAOR (Open Auction)
Volumes of 14,765 contracts
Below Average
Initial Balance
250 points (49650 – 49400)
Volumes of 32,417 contracts
Below average
Day Type
Trend – 780 points
Volumes of 1,88,836 contracts
Above average

to be updated…

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

Daily Zones
  • Largest volume (POC) was traded at 49076 F and VWAP of the session was at 49192
  • Value zones (volume profile) are at 48920-49076-49283
  • 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. BNF negated first level on 03/05 whereas the updated AVWAP (Anchored VWAP) is now at 48920
  • 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 06th May 2024
Up
to be updated…
Down
to be updated…

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