Market Profile Analysis dated 10th Jan 2020

Nifty Jan F:  12290 [ 12279/ 12168 ]

HVNs – 12040 / 12062 / 12113 / 12195 / 12265 / 12290 / 12342

Report to be updated…

  • The NF Open was an Open Auction Out of Range (OAOR)
  • The day type was a slow Neutral Day (NeuD)
  • Largest volume was traded at 12290 F
  • Vwap of the session was at 12304 with volumes of 87.8 L and range of 102 points as it made a High-Low of 12357-12255
  • The settlement day Roll Over point (Jan) is 12193
  • The VWAP & POC of Dec Series is 12087 & 12182 respectively.
  • The VWAP & POC of Nov Series is 11954 & 11910 respectively.
  • The VWAP & POC of Oct Series is 11461 & 11365 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 12267-12290-12318

Hypos / Estimates for the next session:

a) NF needs to sustain above 12290 for a move to 12310-315 & 12342-348
b) Staying below 12290, the auction could test 12270-255 & 12235*
c) Above 12348, NF can probe higher to 12368 & 12384-395
d) Below 12236, auction could probe lower to 12217-210 & 12195-181
e) If 12395 is taken out, the auction go up to to 12414-420 & 12437
f) Break of 12181 can trigger a move lower to 12160 & 12139


BankNifty Jan F:  32123 [ 32385 / 31980 ]

HVNs – (31480-500) / (31830) / 32120 / (32260) / 32345 / (32420) / 32550-565

Report to be updated…

  • The BNF Open was an Open Auction Out of Range (OAOR)
  • The day type was a slow Neutral Day (NeuD)
  • Largest volume was traded at 32120 F
  • Vwap of the session was at 32208 with volumes of 35.7 L and range of 405 points as it made a High-Low of 32385-31980
  • BNF confirmed a FA at 32774 on 30/12 and tagged the 2 ATR target of 32142 on 03/01. This FA has not been tagged and is now positional resistance.
  • The settlement day Roll Over point (Jan) is 32180
  • The VWAP & POC of Dec Series is 31956 & 32102 respectively.
  • The VWAP & POC of Nov Series is 30699 & 31100 respectively.
  • The VWAP & POC of Oct Series is 28784 & 28415 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 32095-32120-32335

Hypos / Estimates for the next session:

a) BNF needs to sustain above 32120 for a rise to 32175-180 / 32220 & 32260-300
b) Immediate support is in the zone of 32120-095 below which the auction could test 32025 / 31980 & 31910
c) Above 32300, BNF can probe higher to 32360-365 / *32400*-430 & 32490
d) Below 31910, lower levels of 31848-820 / 31760 & 31670 could be tagged
e) If 32490 is taken out, BNF can give a fresh move up to 32550-565* / 32622-634 & 32712
f) Break of 31670 could trigger a move down to 31600 / 31540 & 31480*

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