Market Profile Analysis dated 11th Apr

Nifty Apr F:

NF made an Open Auction start as it attempted to probe both above 11655 as well as below 11632 advertising opportunity as it made a high of 11665 & low of 11625 in the first hour but did not find any initiative players so stayed in the IB range of just 40 points for most part of the day. (Click here to view the profile chart for better understanding) NF continued to consolidate till the ‘H’ period confirming that only locals were at play for the day and seemed like they had gone too long in their inventory as the attempt to push higher in the ‘I’ period was met with rejection & this led to a big long liquidation break as the auction made a range extension lower making a low of 11605 which was also the 1.5 IB move down. This quick move away from Value because of locals adjusting their inventory prompted the other time frame to step in & take advantage and they pushed the auction back into the IB in the ‘K’ period and went on to scale above VWAP which led to a small spike at close as NF got above IBH also leaving a Neutral Gaussian profile with a prominent POC at 11640.

Nf Compo1 8 Market Profile Analysis Dated 11Th Apr 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 (OA)
  • The day type was a Neutral Day (Gaussian Profile)
  • Largest volume was traded at 11640 F
  • Vwap of the session was at 11642 with lowest volumes of this series at just 63.8 L in a session which traded a High-Low range of 11678-11605 for a range of 73 points
  • NF confirmed a FA at 11632 on 09/04 and tagged the 1 ATR move up of 11745. This FA got tagged today at ‘T+1’ day
  • NF confirmed a FA at 11834 on 03/04 and tagged the 2 ATR move down of 11620 on 11/04. This FA is currently on ‘T+7’ days and is strong resistance
  • NF had confirmed a FA at 11432 on 26/03 and tagged the 2 ATR move of 11632 on 27/03. This FA has not been tagged & is now strong support.
  • The settlement day Roll Over point is 11673
  • The VWAP & POC of Mar Series is 11327 & 11448 respectively.
  • The VWAP & POC of Feb Series is 10830 & 10856 respectively.
  • The VWAP & POC of Jan Series is 10795 & 10823 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 11631-11640-11670

Hypos / Estimates for the next session:

a) NF needs to get above 11675-685 for a move to 11703-706 and 11721-730
b) Immediate support is in the zone of 11650-640 below which auction can move down to 11625-620 & 11601
c) Above 11730, NF could tag higher levels of 11751 and 11780-785
d) Below 11601, NF can probe lower to 11585-570 and 11552
e) If 11785 is taken out, the auction can rise to 11806-811 and 11828-834
f) Break of 11552 would be weak for a move down to 11535 & 11521-514


BankNifty Apr F:

Bnf Compo1 8 Market Profile Analysis Dated 11Th Apr 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 also made an Open Auction start but stayed below the previous day’s Value as it made a high of 29978 at open indicating that the PLR for the day would be down as it went on to break previous day’s low & tag the 1 ATR move of 29911 from the FA of 30335 and make a low of 29834 in the IB (Initial Balance). (Click here to view the profile chart for better understanding) The auction attempted to probe higher in the ‘D’ period after making an inside bar in the ‘C’ but got rejected at 29937 after which it made a new day low of 29815 but could not extend the IB by much which meant that there were no sellers here or that responsive buyers were coming in. BNF then probed higher for the next 5 periods making a brief move above IBH in the ‘I’ period as it tagged 30009 but was swiftly rejected back in the IB with such good momentum that it not only broke below VWAP but also went on to make a new range extension for the day as it made a low of 29792. The auction made a lower low of 29772 in the ‘J’ period but the range started to contract & the failure of BNF to even tag the 1.5 IB extension of 29762 meant that the down move was getting exhausted. BNF then probed higher for the last 3 periods as it got back above VWAP but remained below the IBH to close around the prominent POC of 29932 giving a Neutral Centre Profile which is also a nice Bell Curve.

  • The BNF Open was a Open Auction (OA)
  • The day type was a Neutral Centre Day (Gaussian Profile)
  • Largest volume was traded at 29932 F
  • Vwap of the session was at 29892 with volumes of 24.9 L in a session which traded a High-Low range of 30009-29772 for a relatively narrow range of 237 points
  • BNF confirmed a FA at 30335 today and tagged the 1 ATR move down of 29911 on 11/04. The 2 ATR move down comes to 29487
  • BNF had confirmed a FA at 29890 on 09/04 and tagged the 1 ATR move up of 30303. This FA got revisited today at ‘T+2’ days
  • The settlement day Roll Over point is 30500
  • The VWAP & POC of Mar Series is 29061 & 29778 respectively.
  • The VWAP & POC of Feb Series 27042 & 26978 respectively
  • The VWAP & POC of Jan Series 27236 & 27514 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 29867-29932-29965

Hypos / Estimates for the next session:

a) BNF needs to sustain above 29965-970 for a move higher to 30028-56 and 30106-121
b) Staying below 29940, the auction can move lower to 29890-864 and 29814-780
c) Above 30121, BNF can rise to 30235-260 & 30335-345
d) Below 29780, BNF gets weak and can bring lower levels of 29732-711 and 29667
e) If 30350 is taken out, the auction can rise to 30395 and 30434
f) Break of 29667 could test levels of 29628-596 and 29544

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