Market Profile Analysis dated 12th March 2021

Nifty Mar F:  15051 [ 15375 / 14961 ]

NF opened with a huge gap up open of 153 points as it tagged the weekly VPOC of 15344 but got rejected right from the daily VPOC of 15375 (from 16th Feb) triggering a trending move lower of 413 points as it left couple of extension handles at 15295 & 15222 along with a big round of singles in the middle of the day’s profile from 15222 to 15135 to make a low of 14961 stopping right at the VAL of the 5-day composite from 3rd to 9th Mar from where it gave a bounce to 15084 before closing near the DPOC of 15040 leaving a Double Distribution Trend Day Down.

Click here to view the latest profile in NF on MPLite

  • The NF Open was a Open Auction Out of Range (OAOR)
  • The Day type was a Double Distribution Trend Day – Down (DD)
  • Largest volume was traded at 15040 F
  • Vwap of the session was at 15158 with volumes of 138.2 L and range of 413 points as it made a High-Low of 15375-14961
  • NF confirmed a FA at 14776 on 02/03 and completed the 2 ATR objective of 15203 on 03/03. This FA has not been tagged and is now positional support.
  • The settlement day Roll Over point (Mar) is 15174
  • The VWAP & POC of Feb Series is 14893 & 15115 respectively.
  • The VWAP & POC of Jan Series is 14288 & 14569 respectively.
  • The VWAP & POC of Dec Series is 13528 & 13528 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 14965-15040-15260

HVNs – 14810 / 14894 / 15037* / 15230


BankNifty Mar F:  35522 [ 36554 / 35206 ]

BNF also opened with a big gap up of almost 500 points negating the selling tail of 36170 to 36244 and acheived the dual objective of tagging the VPOC of 36480 and completing the 1 ATR target of 36510 from the FA of 35605 after which it reversed the probe to the downside as it left a selling tail in the IB from 36454 to 36554 and made a trending move lower all day picking up the momentum in the second half as it left an extension handle at 36040 and another selling tail till 35762 while making a low of 35206 before closing the day around the DPOC of 35556.

Click here to view the latest profile in BNF on MPLite

  • The BNF Open was a Open Auction Out of Range (OAOR)
  • The Day type was a Double Distribution Trend Day – Down (DD)
  • Largest volume was traded at 35556 F
  • Vwap of the session was at 35853 with volumes of 57.1 L and range of 1347 points as it made a High-Low of 36554-35206
  • BNF confirmed a FA at 35605 on 09/03 and tagged the 1 ATR objective of 36510 on 12/03. This FA got revisted on the same day and is no longer a valid reference.
  • The settlement day Roll Over point (Mar) is 36719
  • The VWAP & POC of Feb Series is 35530 & 35820 respectively.
  • The VWAP & POC of Jan Series is 31597 & 32062 respectively.
  • The VWAP & POC of Dec Series is 30270 & 30766 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 35221-35556-36170

HVNs – 35290* / 35640

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