Market Profile Analysis dated 12th Mar 2020

Nifty Mar F:  9546 [ 10035 / 9412 ]

HVNs – (9530) / 9680 / 9740 / 9950 / 10450 / 10544 / 10911 / 10940

NF opened with a huge gap down leaving a selling tail from 10450 to 9957 leaving an elongated Trend Day Down as it made lows of 9412 and left extension handles at 9916 / 9864 / 9840 & 9625. Today’s VWAP of 9715 along with the PBHs (Pull Back High) of 9795 & 9832 will be the important references in the coming sessions.

  • The NF Open was an Open Auction Out of Range  (OAOR)
  • The day type was a Trend Day – Down (3 IB)
  • Largest volume was traded at 9950 F
  • Vwap of the session was at 9715 with volumes of 381 L and range of 622 points as it made a High-Low of 10035-9413
  • The settlement day Roll Over point (Mar) is 11610
  • The VWAP & POC of Feb Series is 11944 & 12125 respectively.
  • The VWAP & POC of Jan Series is 12178 & 12132 respectively.
  • The VWAP & POC of Dec Series is 12087 & 12182 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 9676-9950-9993

Main Hypos for the next session:

a) NF needs to sustain above 9596 for a rise to 9625-40 / 9680-9715 / 9740-50 & 9795
b) The auction has immediate support at 9530 below which could it fall to 9465-20 / 9375 / 9340-30 & 9295

Extended Hypos:
c) Above 9795, NF can probe higher to 9825-40 / 9864-95 / 9925 / 9950-57 & 9978-10035
d) Below 9295, the auction can move lower to 9190-70 / 9090 / 9035 & 8965

-Additional Hypos on downside-
e) Below 8965, the auction could further fall to 8888-70* / 8849 / *8811*-8784* & 8740-27
f) If 8727 is taken out, NF could start a fresh leg down to 8697 / 8629-00 / 8580* & 8555


BankNifty Mar F:  23845 [ 25344 / 23381 ]

HVNs – (23680) / 24260 / 24500 / 24980 / 25156 / (26150) / 26480

Report to be updated…

  • The BNF Open was an Open Auction Out of Range  (OAOR)
  • The day type was a Trend Day – Down (4 IB)
  • Largest volume was traded at 25156 F
  • Vwap of the session was at 24490 with volumes of 84 L and range of 1963 points as it made a High-Low of 25344-23381
  • The settlement day Roll Over point (Mar) is 30520
  • The VWAP & POC of Feb Series is 30692 & 30692 respectively.
  • The VWAP & POC of Jan Series is 31425 & 32104 respectively.
  • The VWAP & POC of Dec Series is 31956 & 32102 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 24261-25156-25344

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