Market Profile Analysis dated 05th April 2021

Nifty Apr F:  14698 [ 14900 / 14490 ]

NF opened with a gap down as it not only rejected the Neutral Extreme close of previous session but also the extension handle of 14879 triggering a huge liquidation move in the IB (Initial Balance) as the auction left a selling extension handle at 14805 in the ‘B’ period and tagged the daily VPOCs of 14753 & 14630 as it fell by a further 210 points and made a low of 14594. The momentum of the fall was so strong that the C side gave a big RE and followed it up with lower lows in the ‘D’ & ‘E’ period also as NF tagged the last of the lower VPOCs at 14495 which finally stopped OTF (One Time Frame) move and led to a retracement over the next 6 periods resulting in a PBH (Pull Back High) at 14740 before the auction closed the day around the dPOC of 14688 leaving a ‘b’ shape long liquidation profile.

Click here to view the latest profile in NF on MPLite

  • The NF Open was a Open Auction In Range + Drive (Down) (OAIR + D)
  • The Day type was a Long Liquidation Day (‘b’ shape profile)
  • Largest volume was traded at 14688 F
  • Vwap of the session was at 14661 with volumes of 156.8 L and range of 410 points as it made a High-Low of 14900-14490
  • The settlement day Roll Over point (Apr) is 14425
  • The VWAP & POC of Mar Series is 14816 & 14737 respectively.
  • The VWAP & POC of Feb Series is 14893 & 15115 respectively.
  • The VWAP & POC of Jan Series is 14288 & 14569 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 14548-14688-14729

HVNs – 14420 / 14621 / 14832 / 14975


BankNifty Apr F:  32817 [ 33999 / 32412 ]

BNF also opened with a gap down and witnessed a massive selling wave as it swiped through the previous week’s low finally tagging the VPOC of 33250 in the ‘A’ period itself and continued this sell off in the ‘B’ period also as it left an extension handle at 33226 and made a low of 32630 forming a huge 1369 point range IB. The auction continued to drop in the C period as it made new lows for the series at 32459 and it was in the ‘D’ period which made a marginal new low at 32412 when it finally seemed like the imbalance was coming to an end. BNF then made a slow retracement to 32697 where it left a PBH in the ‘K’ period as it formed a nice balanced ‘b’ shape profile for the day closing around the dPOC of 32834. The immediate selling zone of 32967 to 33226 would be the reference on the upside for the coming session whereas staying below 32838, BNF would remain weak.

Click here to view the latest profile in BNF on MPLite

  • The BNF Open was a Open Drive – Down (OD)
  • The Day type was a Long Liquidation Day (‘b’ shape profile)
  • Largest volume was traded at 32834 F
  • Vwap of the session was at 32324 with volumes of 60 L and range of 1587 points as it made a High-Low of 33999-32412
  • The settlement day Roll Over point (Apr) is 33250
  • The VWAP & POC of Mar Series is 34618 & 33870 respectively.
  • The VWAP & POC of Feb Series is 35530 & 35820 respectively.
  • The VWAP & POC of Jan Series is 31597 & 32062 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 32436-32834-32944

HVNs – 33250 / 33600 / 34050

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