Market Profile Analysis dated 13th Mar 2020

Nifty Mar F:  9898 [ 10130 / 8299 ]

HVNs – (8680) / [9425] / (9530) / 9680 / 9740 / 9900 / 9950 / 10450 / 10544 / 10911

Report to be updated…

  • The NF Open was an Open Auction Out of Range  (OAOR)
  • The day type was a Trend Day – Up
  • Largest volume was traded at 9900 F
  • Vwap of the session was at 9550 with volumes of 516.2 L and range of 1831 points as it made a High-Low of 10130-8299
  • 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 9500-9900-10037

Main Hypos for the next session:

a) NF needs to sustain above 9960 for a rise to 10020-050 / 10090-125 / 10196-266 / 10335-347 & 10440-449*
b) The auction has immediate support at 9890 below which could it fall to 9850 / 9800-9775 / 9715 / 9650-15 & 9550

Extended Hypos:
c) Above 10449, NF can probe higher to 10506 / 10544*-560 / 10595-615 / 10660-718 & 10787
d) Below 9550, the auction can move lower to 9500 / 9425-15 / 9370 / 9250 / 9200-170 & 9050-9000

-Additional Hypos on downside-
e) Below 9000, the auction could further fall to 8950 / 8900-8888 / 8680 & 8600
f) If 8600 is taken out, NF could start a fresh leg down to 8525 / 8400 / 8299 & 8200


BankNifty Mar F:  25029 [ 25592 / 21000 ]

HVNs – (23680) / (23920) / 24260 / 24500 / 24980 / 25039 / 25156 / (26150) / 26480

Report to be updated…

  • The BNF was an Open Auction Out of Range  (OAOR)
  • The day type was a Trend Day – Up
  • Largest volume was traded at 25039 F
  • Vwap of the session was at 24530 with volumes of 83.3 L and range of 4592 points as it made a High-Low of 25592-21000
  • 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 24604-25039-25340

Main Hypos for the next session:

a) BNF needs to sustain above 25039 for rise to 25170-200 / 25275 / 25500-600 / 25800-935 & 26150
b) Staying below 25020, the auction could fall to 24894 / 24750-735 / 24550-460 / 24300-175 & 24084-030

Extended Hypos:
c) Above 26150, BNF can probe higher to 26355 / 26490* / 26545-600 / 26700-805 & 26857-896
d) Below 24030, lower levels of 23950-910 / 23675-625 / 23380-300 & 23000 could be tagged

-Additional Hypos-
e) Below 23000, the auction could further fall to 22911 / 22700 / 22430 & 22300-200
f) If 22200 is taken out, BNF could start a fresh leg down to 21800 / 21500 & 21000

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