Market Profile Analysis dated 10th May

Nifty May F:

NF made an OAIR start to the day and made a relatively large IB range of 73 points (with a high of 11369 & a low of 11296) inside previous day’s range indicating that the auction could continue the balance it had been making the previous day. (Click here to view the profile chart for better understanding) NF continued to make rotations in previous day’s Value for most part of the day and made the first attempt to make a range extension in the ‘I’ period as it broke lower making a new low at 11292 but was swiftly rejected and went on to get above the IBH in the ‘L’ period to confirm a FA at lows. However, the auction saw a swift rejection at these new highs too as NF made a big move lower into the close as it broke the PDL (Previous Day’s Low) to mark new weekly low of 11284 and in the process negating the earlier FA at 11292 & confirming a new FA at 11376. NF closed as a Neutral Day & has made a nice 2 day Gaussian Profile with a close around the lows so looks set to resume the auction to the downside in the next session.

Nf Compo1 6 Market Profile Analysis Dated 10Th May 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 (OAIR)
  • The day type was a Neutral Day (Gaussian profile)
  • Largest volume was traded at 11359 F
  • Vwap of the session was at 11337 with the highest volumes of this series so far at 109 L in a session of 92 points trading in a High-Low range of 11376-11284
  • NF confirmed a FA at 11695 on 06/05 and has tagged the 2 ATR target of 11480. This FA is on ‘T+5’ Days
  • NF confirmed a FA at 11376 on 10/05 and the 1 ATR move down comes to 11260
  • NF confirmed a FA at 11397 on 09/05 and the 1 ATR move down comes to 11281
  • The settlement day Roll Over point is 11722
  • The VWAP & POC of Apr Series is 11641 & 11592 respectively.
  • The VWAP & POC of Mar Series is 11327 & 11448 respectively.
  • The VWAP & POC of Feb Series is 10830 & 10856 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 11315-11359-11360

Hypos / Estimates for the next session:

a) NF needs to sustain above 11319 for a move to 11349-358 & 11376
b) Immediate support is at 11294-285 below which the auction can probe lower to 11260-252 & 11230
c) Above 11376, NF can test higher levels of 11397 & 11419
d) Below 11230, lower levels of 11213 & 11198 could get tagged
e) If 11419 is taken out, the auction could move higher to 11438-443 & 11462
f) Sustaining below 11198, NF can go down to 11170-165 & 11145-143


BankNifty May F:

Bnf Compo1 6 Market Profile Analysis Dated 10Th May 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

Report to be updated…

  • The BNF Open was a Open Auction (OA)
  • The day type was a Normal Day
  • Largest volume was traded at 29125 F
  • Vwap of the session was at 29126 with volumes of 31.7 L in a session which traded a High-Low range of 29258-28946 for a range of 12 points
  • BNF confirmed a FA at 29418 on 08/05 & has tagged the1 ATR move of 29000 today. The 2 ATR move down from this FA comes to 28581.
  • BNF confirmed a weekly FA at 29945 on 07/05. The 1 ATR move down of 29136 was tagged on 08/05. The 2 ATR move lower comes to 28327
  • The settlement day Roll Over point is 29760
  • The VWAP & POC of Apr Series is 30037 & 29762 respectively.
  • The VWAP & POC of Mar Series is 29061 & 29778 respectively.
  • The VWAP & POC of Feb Series 27042 & 26978 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 29097-29125-29240

Hypos / Estimates for the next session:

a) BNF has immediate resistance in the zone 29120-147 above which it can move higher to 29200 & 29280
b) BNF has support at 29050 below which it can probe lower to 28997 & 28945
c) Above 29280, the auction can move higher to 29360-364 & 29419-445
d) Below 28945, BNF can move lower to 28880-864 & 28810
e) Sustaining above 29445, BNF could rise to 29550 & 29590
f) If 28810 is taken out, lower levels of 28736-708 & 28660-632 could come into play

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