Market Profile Analysis dated 04th December 2020

Nifty Dec F:  13311 [ 13327 / 13202 ]

Nifty gave another gap up open and followed it up with a trending move higher from yVAH as it negated the previous day’s FA of 13228 and made yet another C side extension but this time it was a big one where it made a high of 13289 and even went on to make new highs of 13298 in the ‘D’ period where it saw some profit booking by buyers as the auction not only stopped the OTF (One Time Frame) probe higher in the ‘E’ period but went on to retrace the entire upmove of the day as it made a low of 13206 in the ‘H’ period taking support right at previous day’s Value. This brought the buyers back into the equation as NF got back above VWAP and went on spike higher into the close hitting new highs of 13327. Value for the day was completely higher though Spike Rules will be in play for the next session and the zone is from 13285 to 13327.

Click here to view the latest profile in NF on MPLite

  • The NF Open was a Open Auction (OA)
  • The Day type was a Normal Variation Day – Up (NV with a spike close)
  • Largest volume was traded at 13260 F
  • Vwap of the session was at 13261 with volumes of 90.1 L and range of 124 points as it made a High-Low of 13327-13202
  • The settlement day Roll Over point (Dec) is 12974
  • The VWAP & POC of Nov Series is 12554 & 12862 respectively.
  • The VWAP & POC of Oct Series is 11793 & 11897 respectively.
  • The VWAP & POC of Sep Series is 11353 & 11560 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 13240-13260-13284

HVNs – 13020* / 13084 / 13190


BankNifty Dec F:  30191 [ 30277 / 29550 ]

BNF made a freak low of 29350 at open but got back into previous day’s range immediately as it completed the 80% Rule in previous Value in the IB after which it gave a big C side extension of 279 points and in the process tagged new highs for the week at 30067. The auction then left a selling tail from 29977 to 30067 as the ‘D’ period made a narrow range inside bar followed by a probe lower over the next 4 periods as BNF broke below VWAP and went on to leave a PBL (Pull Back Low) at 29559 in the ‘H’ period which marked the end of the leg down as the ‘J’ period got back and closed above VWAP. There was a fresh move on the upside in the ‘K’ period as BNF made new highs for the day triggering a spike into the close as it went on to scale above previous week’s high of 30167 with ease to hit 30277 before closing the day at 30191. The spike zone from 30035 to 30277 would be on watch in the next session to see if it gets accepted or rejected. Value for the day was overlapping to higher but BNF seems to have moved away from the larger composite of 8 days at 29486-29657-29879.

Click here to view the latest profile in BNF on MPLite

  • The BNF Open was a Open Auction In Range (OAIR)
  • The Day type was a Normal Variation Day – Up (NV with a spike close)
  • Largest volume was traded at 29818 F
  • Vwap of the session was at 29850 with volumes of 69.2 L and range of 727 points as it made a High-Low of 30277-29550
  • BNF confirmed a FA at 29000 on 26/11 and tagged the 1 ATR objective of 29677 on the same day. The 2 ATR target comes to 30355.
  • The settlement day Roll Over point (Dec) is 29629
  • The VWAP & POC of Nov Series is 28104 & 29565 respectively.
  • The VWAP & POC of Oct Series is 23740 & 24468 respectively.
  • The VWAP & POC of Sep Series is 22320 & 22320 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 29665-29818-30039

HVNs – 29650* / 30100

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