Market Profile Analysis dated 12th July

Nifty Jul F:  11544 [11642/11530]

NF gave a hat-trick of OAIR (Open Auction In Range) start opening around the yPOC of 11577 giving an indication that the auction could continue to balance in the 3-day composite it was forming post the Trend Day Down on Monday which was further confirmed by the rejection above the VAH of 11587 at open after which NF probed lower in the IB making a low of 11542 in the ‘B’ period. (Click here to view the profile chart for better understanding) The auction then formed a balance above VWAP but below the yVAH till the ‘G’ period leaving a small tail at lows from 11555 to 11542 giving good chance of a range extension (RE) to the upside which happened in the ‘H’ period as NF made a RE to the upside giving a 50 point move & tagging the Trend Day VWAP of 11625 and continued this probe higher in the ‘I’ period making a high of 11642 as it hit the important reference of 11635. This zone was marked as an important supply zone and NF stalled here making a balance in the ‘J’ period dealing with fresh supply and an afternoon test of VWAP was needed to test the buyers. The VWAP test came in the ‘K’ period and the buyers failed to respond triggering a 100 point move lower as the auction broke below the IBL in the ‘L’ period making new lows for the day at 11530 confirming a Neutral profile and taking support just above the PDL (Previous Day Low) of 11528. NF still remains in the composite of 11510-11576-11588 (view the chart here) and this rejection from the Trend Day VWAP & HVN has set it up for a test of the recent lows with 11530 being the immediate support and the SOC (Scene Of Crime) at 11610 will be the level to watch on the upside in the coming week.

Nf Compo1 10 Market Profile Analysis Dated 12Th July 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
  • Largest volume was traded at 11570 F
  • Vwap of the session was at 11581 with volumes of 87.2 L and range of 112 points as it made a High-Low of 11642-11530
  • NF had confirmed a FA (Failed Auction) at 11486 on 09/07 which got revisited on 10/07 but closed above it. NF tagged the 1 ATR move up of 11612 on 12/07.
  • The Trend Day VWAPs of 05/07 & 08/07 at 11908 and 11624 respectively were tagged on 12/07 but auction closed below hence are still important references.
  • The settlement day Roll Over point is 11915
  • The VWAP & POC of Jun Series is 11833 & 11714 respectively.
  • The VWAP & POC of May Series is 11613 & 11696 respectively.
  • The VWAP & POC of Apr Series is 11641 & 11592 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 11536-11570-11601

Hypos / Estimates for the next session:

a) NF needs to sustain above 11556 for a move to 11574-580 & 11595-610
b) Staying below 11556, the auction can test 11533-530 & 11518-515
c) Above 11610, NF can probe higher to 11630-633 & 11655-665
d) Below 11515, auction becomes weak for 11493-490 & 11470-465
e) If 11665 is taken out, the auction can rise to 11682 & 11705-710
f) Break of 11465 can trigger a move lower to 11445 / 11425 & 11396-390


BankNifty Jul F: 30600 [30849/30562]

Bnf Compo1 10 Market Profile Analysis Dated 12Th July 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 In Range (OAIR)
  • The day type was a Normal Variation Day – Up
  • Largest volume was traded at 30610 F
  • Vwap of the session was at 30681 with volumes of 24.1 L in a session which traded in a range of 287 points making a High-Low of 30849-30562
  • The Trend Day VWAP of 08/07 at 30857 will be important reference going forward
  • The settlement day Roll Over point is 31400
  • The VWAP & POC of Jun Series is 30914 & 30961 respectively.
  • The VWAP & POC of May Series 30211 & 28940 respectively
  • The VWAP & POC of Apr Series is 30037 & 29762 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 30569-30610-30730

Hypos / Estimates for the next session:

a) BNF needs to get above 30640-645 & sustain for a move to 30698 & 30760-766
b) Immediate support is at 30570-560 below which the auction can test 30522-490 & 30440
c) Above 30766, BNF can probe higher to 30805-840 & 30883
d) Below 30440, lower levels of 30399 & 30350-320 could come into play
e) Sustaining above 30883, BNF can give a fresh move up to 30955 / 30011-35 & 31115-152
f) Break of 30320 could trigger a move down 30275 / 30210 & 30120

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