Market Profile Analysis dated 05th March 2021

Nifty Mar F:  14953 [ 15098 / 14862 ]

NF made another gap down open of 136 points and settled into an OA as it probed higher in the IB but got rejected from the 2-day composite POC of 15095 which turned the PLR for the day to the downside resulting in a late RE in the ‘J’ period where the auction tagged the 02nd Mar VPOC of 14896 while making a low of 14862 taking support at that NeuX VWAP of 14872 which gave a bounce back to 14983 into the close. NF would need to sustain above 14985 in the next session for a probe higher whereas getting accepted below 14945 could attract fresh selling for a test of that FA at 14776.

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 – Down
  • Largest volume was traded at 14970 F
  • Vwap of the session was at 14990 with volumes of 150.6 L and range of 236 points as it made a High-Low of 15098-14862
  • NF confirmed a FA at 14776 on 02/03 and completed the 2 ATR objective of 15203 on 03/03. This FA is currently on ‘T+4’ Days.
  • The settlement day Roll Over point (Mar) is 15174
  • The VWAP & POC of Feb Series is 14893 & 15115 respectively.
  • The VWAP & POC of Jan Series is 14288 & 14569 respectively.
  • The VWAP & POC of Dec Series is 13528 & 13528 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 14954-14970-15057

HVNs – 14810 / 14894* / 15230


BankNifty Mar F:  35288 [ 35660 / 34888 ]

BNF opened with a gap down of 380 points below the VPOC of 35515 and tagged the next VPOC of 35223 in the A period as it made a low of 35140 from where it reversed the probe to the upside in the IB but got rejected in the attempt to get back into previous day’s Value in the ‘B’ period after which it settled down into a balance forming a ‘b’ shape profile for the day but made a RE lower in the ‘J’ period as it moved away from the balance hitting new lows for the week at 34888 and in the process hit that last objective of 34922 but could not get anymore follow through on the downside which in turn led to a short covering bounce to 35385 into the close leaving a 3-1-3 profile for the day. There is a very good chance of this balance turning to an imbalance in the coming session(s) provided we get a strong open with the VPOCs of 35730 & 36480 as the probable objectives on the upside and as for the downside, getting accepted below 35285 could lead to a test of the lower VPOC of 34527 & 34420 in the coming session.

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 Variation Day – Down
  • Largest volume was traded at 35310 F
  • Vwap of the session was at 35287 with volumes of 61.2 L and range of 772 points as it made a High-Low of 35660-34888
  • BNF confirmed a multi-day FA at 34983 on 02/03 and completed the 1 ATR objective of 35868 on 03/03. This FA got revisted on 05/03 in ‘T+4’ days and is no longer a valid reference.
  • The settlement day Roll Over point (Mar) is 36719
  • The VWAP & POC of Feb Series is 35530 & 35820 respectively.
  • The VWAP & POC of Jan Series is 31597 & 32062 respectively.
  • The VWAP & POC of Dec Series is 30270 & 30766 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 35174-35310-35484

HVNs – 35290* / 35640

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