Market Profile Analysis dated 10th Jan

Nifty Jan F:

For a change there was no Gap in NF as it opened around the yPOC of 10878 & made a high of 10898 in the opening minute itself but saw no new demand or volumes coming in and this confirmed an OAIR start which was also inside the previous day’s Value which meant we could have a Normal Day in the making. NF made 2 attempts to get past the resistance of 10895 but was unable to do so & started making a balance between the levels 10890 and 10866 for the first couple of hours but as the PLR was down, NF extended IB to the lower side making a low of 10840 completing 80% Rule in yesterday’s Value. NF then sustained above 10850 raising chances of a reverse 80% & started its upside probe but got rejected at the TPO POC of 10866 at the first attempt & on the second attempt went on to tag the volume POC of 10878 but was swiftly rejected as no new volumes came in indicating that only locals were in the market for the day. This rejection at 10880 reversed the entire auction & NF went on to make new lows of 10830 completing the rotation from where the auction got reversed again to get back above VWAP & tag 10878 once again making a perfect bell profile on daily with a close at the dPOC. The composite bell profile NF was making for the last 3 days looks like is complete & could move away from this balance at open tomorrow if we get a drive & good volumes.

Nf Compo1 7 Market Profile Analysis Dated 10Th Jan 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

    • The NF Open was a Open Auction In Range
    • The day type was a Normal Variation Day (Gaussian Profile)
    • Largest volume was traded at 10854 F
    • Vwap of the session was at 10864 with the lowest volumes of this series so far at just 70.7 L in a session which traded a High-Low range of 10898-10830 for a range of just 68 points 
    • NF had left a FA at 10678 on 04/01 and tagged the 1 ATR move of 10803 & closed above it. The 2 ATR target comes to 10928
    • NF had left a FA at 10580 on 26/12 & completed the 2 ATR move up to 10862. This FA has not been tagged since the & is now strong support
    • The VWAP & POC of Dec Series 10796 & 10741 respectively
    • The VWAP & POC of Nov Series 10480 & 10580 respectively. It tagged the VWAP on 11/12 but closed above it
    • The VWAP & POC of 31/10 10250 & 10248 will be important levels going forward

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 10850-10854-10876

Hypos / Estimates for the next session:

a) A opening move away from composite POC of 10866 can bring 10895
b) NF has resistance at 10895 above which the auction can probe higher to 10930 & 10968
c) Sustaining below 10865, NF can tag 10830 & 10815
d) NF has support lower at 10815 below which it can tag 10790


BankNifty Jan F:

Bnf Compo1 8 Market Profile Analysis Dated 10Th Jan 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

BNF opened below the yPOC of 27750 indicating that upside for now has been capped & had a OAIR start inside previous day’s Value setting up the base for a narrow range balanced day. The Initial balance was of only 88 points with BNF taking support at yVWAP of 27651 initially but extented the IB to the downside and broke the 27615 level making a low of 27587 but did not sustain below 27615 for much time. BNF remained in a narrow range for remaining part of the day finding supply at 27680 & demand at 27610. BNF closed at the dPOC of 27641 making a nice bell profile on daily which was completely inside previous day’s Value & Range. BNF has also confirmed a multi-day FA at 27784 and staying below 27641, we can look for the 1 ATR move of 27435 to be probed on the lower side.

    • The BNF Open was a Open Auction In Range
    • The day type was a Normal Variation Day (Bell Profile) 
    • Largest volume was traded at 27641 F
    • Vwap of the session was at 27657 with volumes of 22.5 L in a session which traded a High-Low range of 27740-27587 for a range of 153 points
    • BNF confirmed a multi-day FA at 27784 today and the 1 ATR move to the downside comes to 27453
    • The VWAP & POC of Dec Series 26713 & 26832 respectively
    • The VWAP & POC of Nov Series 25686 & 26218 (Spot) respectively
    • 31st October’s VWAP of 24895 & POC of 24900 will be important levels going forward

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 27626-27641-27683

Hypos / Estimates for the next session:

a) BNF sustaining below 27640 will be weak for test of 27585 & 27535
b) Above 27690, BNF can probe higher to tag VPOC of 27748 & 27785
c) If 27785 is crossed on big volumes & sustained, BNF can probe higher to 27850 & 27930
d) Below 27535, BNF can test 27450 & the VPOC of 27421 and if that does not hold can fall to 27360

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