Market Profile Analysis dated 11th August 2020

Nifty Aug F:  11344 [ 11376 / 11302 ]

HVNs – 10918 / 10970 / 11095 / 11160 / 11196

NF opened higher once again confirming a multi-day FA at 11242 and seemed headed towards the 1 ATR objective of 11391 but got stalled at 11377 in the ‘A’ period and lack of new demand at the new highs of this series then led to a OTF (One Time Frame) probe lower for the first half of the day as the auction completed the 2 IB objective of 11304 as early as the ‘G’ period and took support at previous day’s POC of 11305. NF then stopped the OTF move lower and auctioned back to the day’s POC of 11365 forming a nice balanced profile for the day with a prominent TPO POC at 11350 which would be the reference for the next open and could give a move away from here.

Click here to view the latest MP Lite chart of NF

  • The NF Open was a Open Auction Out of Range (OAOR)
  • The Day type was a Normal Variation Day – Down (NV)
  • Largest volume was traded at 11365 F
  • Vwap of the session was at 11347 with volumes of 99.1 L and range of 74 points as it made a High-Low of 11377-11302
  • NF confirmed a multi day FA at 11242 on 11/08 and the 1 ATR objective comes to 11391.
  • The settlement day Roll Over point (Aug) is 11095
  • The VWAP & POC of Jul Series is 10897 & 10803 respectively.
  • The VWAP & POC of Jun Series is 10110 & 10110 respectively.
  • The VWAP & POC of May Series is 9183 & 9109 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 11339-11365-11367

Main Hypos for 12.08.2020:

a) NF needs to sustain above 11365 for a rise to 11381-391 / 11427-442 & 11465-484
b) The auction staying below 11333 could fall to 11301-280 / 11256-234 & 11193

Extended Hypos:
c) Above 11484, NF can probe higher to 11520-556 / 11580 & 11600-631*
d) If 11193 is taken out, NF could fall to 11164-149 / 11130-094 & 11075-057


BankNifty Aug F:  22296 [ 22345 / 22066 ]

HVNs – 21545 / 21615 / 22151

Click here to view the latest MP Lite chart of BNF

BNF opened with a freak OL (Open=Low) tick at 21900 but remained above 22100 confriming the multi-day FA at 21802 as it went on to make new high for the series at 22250 in the IB but could not extend further forming a balance in the narrow IB range of just 150 points till the ‘D’ period. The auction then made multiple attempts in the next 3 periods to make a RE lower but failed to do so and took support just above yVAH of 22060 indicating that the sellers were not doing a good job. BNF then got back into the IB and continued to form a Gaussian profile for the day before making a late RE on the upside in the ‘K’ period as it went on to complete the 1 ATR objetive of 22333 from the multi-day FA while making a high of 22345 ending the day with a Neutral Extreme profile. The reference for next open would be the extension handle of 22250 to 22345.

  • The BNF Open was a Open Auction Out of Range (OAOR)
  • The Day type was a Neutral Extreme Day – Up (NeuX)
  • Largest volume was traded at 22187 F
  • Vwap of the session was at 22180 with volumes of 54.2 L and range of 279 points as it made a High-Low of 22345-22066
  • BNF confirmed a multi day FA at 21802 on 11/08 and tagged the 1 ATR objective of 22333 on 06/08. The 2 ATR objective comes to 22864
  • The settlement day Roll Over point (Aug) is 21615
  • The VWAP & POC of Jul Series is 22163 & 22087 respectively.
  • The VWAP & POC of Jun Series is 20918 & 21000 respectively.
  • The VWAP & POC of May Series is 18767 & 19633 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 22074-22187-22278

Main Hypos for 12.08.2020:

a) BNF needs to sustain above 22315 for a rise to 22396 / 22458-550 / 22600-710 / 22829-865 & 22930
b) The auction accepting below 22245 could test 22180 / 22092-030* / 21980-945 / 21851-775* & 21697-654

Extended Hypos:

c) Above 22930, BNF can probe higher to 23000*-120 / 23230 / 23313-370 / 23440 & 23510-580
d) Breaking below 21654, it could fall to 21558 / 21505-480 / 21400-312 / 21245-183 & 21085-039

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