Market Profile Analysis dated 09th Dec 2024

Nifty Dec F: 24694 [ 24780 / 24651 ]

Nf 2 Market Profile Analysis Dated 09Th Dec 2024 Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Strategies, 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 09th Dec 2024 3 Decode the Market
Open Type
OAIR (Open Auction)
Volumes of 14,947 contracts
Below average
Initial Balance
124 points (24776 – 24651)
Volumes of 49,851 contracts
Below average
Day Type
Normal – 128 pts
Volumes of 1,43,604 contracts
Below average

NF continued the balance mode which started in the previous session staying inside 05th Dec’s elongated profile but formed lower value on the daily timeframe with similar lows at 24651 and a failed range extension at 24780 on the upside.

The auction has formed a nice 3-day composite with Value at 24665-24789-24835 and will need to show initiative activity at either end of this zone for a fresh imbalance to begin in the coming sessions with yesterday’s VWAP of 24717 being the immediate reference on the upside.

Nf 3Db Market Profile Analysis Dated 09Th Dec 2024 Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Strategies, 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 09th Dec 2024 4 Decode the Market

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Daily Zones
  • Largest volume (POC) was traded at 24712 F and VWAP of the session was at 24716
  • Value zones (volume profile) are at 24680-24712-24746
  • HVNs are at 24306 / 24553 / 24789** (** denotes series POC)
Weekly Zones
Monthly Zones
  • The settlement day Roll Over point (Dec 2024) is 24125
  • The VWAP & POC of Nov 2024 Series is 23978 & 24185 respectively
  • The VWAP & POC of Oct 2024 Series is 24776 & 24400 respectively
  • The VWAP & POC of Sep 2024 Series is 25516 & 25415 respectively
Business Areas for 10th Dec 2024
Up
24716 – VWAP (09 Dec)
24776 – IBH (09 Dec)
24835 – 3-day VAH (05-09 Dec)
24890 – Sell tail (05 Dec)
24930 – Swing High (05 Dec)
24987 – VWAP (22 Oct)
25048 – PBH (22 Oct)
These levels are best actionable once we get confrimation from the OrderFlow charts
Down
24660 – Monthly IBH
24615 – Ext Handle (05 Dec)
24567 – SOC (05 Dec)
24509 – Weekly VWAP (29Nov-05Dec)
24461 – SOC (05 Dec)
24396 – Swing Low (05 Dec)
24359 – Ext Handle (02 Dec)
These levels are best actionable once we get confrimation from the OrderFlow charts

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