Market Profile Analysis dated 05th April 2024

Nifty Apr F: 22595 [ 22618 / 22505 ]

Nf 5 Market Profile Analysis Dated 05Th April 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 05th April 2024 4 Decode the Market
Open Type
OAIR (Open Auction In Range)
Volumes of 19,210 contracts
Above average
Initial Balance
68 points (22573 – 22505)
Volumes of 45,365 contracts
Range below average & volumes above
Day Type
NV (3-1-3) – 113 pts
Volumes of 86,817 contracts
Below average

NF opened lower making a look down below the 5-day Value but got rejected back into the balance triggering the 80% Rule as it went on to tag the composite POC of 22608 while making a high of 22618 smoothening the Gaussian Curve now leaving a 6-day composite with Value at 22512-22568-22625 with the VWAP at 22552.

Nf 6Db Market Profile Analysis Dated 05Th April 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 05th April 2024 5 Decode the Market

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

Daily Zones
  • Largest volume (POC) was traded at 22569 F and VWAP of the session was at 22558
  • Value zones (volume profile) are at 22530-22569-22580
  • HVNs are at 22553 (** denotes series POC)
Weekly Zones
  • Weekly Charts can be viewed here
  • (01-04Apr) – NF has formed a Neutral Centre weekly profile in a narrow range of just 249 points forming completely higher Value at 22532-22607-22636 with the VWAP at 22566 and has closed right at the prominent POC which is also the Roll Over point of this series and has a good chance of giving an imbalance in the coming week.
Monthly Zones
  • The settlement day Roll Over point (April 2024) is 22607
  • The VWAP & POC of Mar 2024 Series is 22168 & 22001 respectively
  • The VWAP & POC of Feb 2024 Series is 21956 & 21930 respectively
  • The VWAP & POC of Jan 2024 Series is 21581 & 21635 respectively
Business Areas for 08th Apr 2024
Up
22601 – M TPO POC (05 Apr)
22636 – VPOC (04 Apr)
22680 – 2-day VPOC (11-12 Mar)
22719 – POC (07 Mar)
22756 – FA (07 Mar)
22784 – 1 ATR (yVWAP 22565)
These levels are best actionable once we get confrimation from the OrderFlow charts
Down
22584 – Spike low (05 Apr)
22552 – 6-day VWAP (28Mar-05Apr)
22512 – 6-day VAL (28Mar-05Apr)
22455 – Buy tail (04 Apr)
22420 – Buy Tail (5-day comp)
22394 – A TPO VWAP (28 Mar)
These levels are best actionable once we get confrimation from the OrderFlow charts

BankNifty Apr F: 48658 [ 48725 / 48014 ]

Bnf 5 Market Profile Analysis Dated 05Th April 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 05th April 2024 6 Decode the Market
Open Type
OAIR (Open Auction In Range)
Volumes of 14,654 contracts
Average
Initial Balance
261 points (48275 – 48014)
Volumes of 45,977 contracts
Average
Day Type
Trend – 711 points
Volumes of 1,52,874 contracts
Range above average & volumes below

to be updated…

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

Daily Zones
  • Largest volume (POC) was traded at 48690 F and VWAP of the session was at 48365
  • Value zones (volume profile) are at 48245-48690-48720
  • HVNs are at 47881 (** denotes series POC)
Weekly Zones
  • Weekly Charts can be viewed here
  • (28Mar-03Apr) – BNF has formed a composite ‘p’ shape profile for the week with completely higher Value at 47699-47881-48023 leaving a buying tail from 47405 to 47264 and closing around the ultra prominent POC of 47881 which will be the reference for the coming week and would need initiative volumes for a move away from this magnet. This week’s VWAP of 47779 will be the first zone of support whereas on the upside, 13th Mar’s FA of 48024 will need to show buy side activity for a probe towards the higher weekly VPOC of 48152 & HVN of 48368.
Monthly Zones
  • The settlement day Roll Over point (April 2024) is 47190
  • The VWAP & POC of Mar 2024 Series is 47051 & 47300 respectively
  • The VWAP & POC of Feb 2024 Series is 46119 & 45700 respectively
  • The VWAP & POC of Jan 2024 Series is 46353 & 48119 respectively
Business Areas for 08th Apr 2024
Up
48690 – POC (05 Apr)
48853 – Monthly 1.5 IB
48974 – 1 ATR (EH 48493)
49090 – 2 ATR (POC 48128)
49171 – 1 ATR (yPOC 48690)
Down
48651 – Closing singles (05 Apr)
48582 – L TPO h/b (05 Apr)
48447 – K TPO VWAP (05 Apr)
48365 – VWAP (05 Apr)
48236 – C TPO VWAP (05 Apr)

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