Market Profile Analysis dated 07th December 2020

Nifty Dec F:  13387 [ 13398 / 13266 ]

NF opened lower below the spike zone of 13285 to 13327 but made an almost OL (Open=Low) start at 13268 and the defending of Friday’s POC of 13260 indicated the presence of demand as the auction made a swift move back into the spike zone & went on to climb above it making new highs of 13349 in the IB (Initial Balance) where it left a buying tail from 13323 to 13266. The ‘C’ period broke into the morning singles but got rejected at 13310 as it left a PBL (Pull Back Low) there and after a couple of quiet periods in ‘D’ & ‘E’ where it remained in a range of just 15 points, NF made a RE (Range Extension) to the upside in the ‘F’ period and followed it up with higher highs till the ‘I’ period where it made a high of 13396 completing the 1 ATR move from the negated FA of 13228. The auction then gave an late afternoon pull back in the ‘I’ & ‘J’ periods as it broke below VWAP and once again tested the spike zone leaving the second PBL of the day at 13322 after which it went on to make marginal new highs for the day at 13398 in the ‘L’ period before closing the day around the highs with the dPOC also shifting higher to 13384. Value for the day was completely higher so the PLR remains to be on the upside as long as it remains above 13384.

Click here to view the latest profile in NF on MPLite

  • The NF Open was a Open Auction In Range (OAIR)
  • The Day type was a Normal Variation Day – Up (‘p’ shape profile)
  • Largest volume was traded at 13384 F
  • Vwap of the session was at 13348 with volumes of 73 L and range of 132 points as it made a High-Low of 13398-13266
  • 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 13331-13384-13392

HVNs – 13020 / 13084 / 13190*


BankNifty Dec F:  30290 [ 30444 / 30021 ]

BNF made an OAIR start as it made a low of 30034 in the opening minutes and remained in the spike zone of 30035 to 30277 all through the IB leaving a narrow range of 216 points after which it made a typical C side extension lower where it made new lows of 30021 which was swiftly rejected as the auction continued to coil till the ‘E’ period. The ‘F’ period then saw a move away from this balance as BNF made a RE on the upside confirming a FA at lows and went on to form higher highs till the ‘H’ period as it hit 30438 and in the process completed the 2 ATR objective of 30355 from the older FA of 29000. The auction went on to make new highs of 30444 in the ‘I’ period but could not sustain the new highs which led to an inventory adjustment move to VWAP in the ‘J’ period as BNF left a PBL at 30147 and the return of demand at VWAP led to a probe higher to 30397 in the ‘L’ period before it gave a close around the dPOC of 30276 leaving a Neutral Day with completely higher Value with a FA at lows.

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 Neutral Day (NeuD)
  • Largest volume was traded at 30276 F
  • Vwap of the session was at 30227 with volumes of 48.9 L and range of 423 points as it made a High-Low of 30444-30021
  • BNF confirmed a FA at 30021 on 07/12 and tagged the 1 ATR objective comes to 30660.
  • BNF confirmed a FA at 29000 on 26/11 and tagged the 2 ATR objective of 30355 on 07/12.
  • 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 30083-30276-30325

HVNs – 29650* / 30100

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