Market Profile Analysis dated 14th Dec

Nifty Dec F:

NF made a OAIR (Open Auction In Range) start which meant that it is still not ready to move away from the previous day’s balanced profile & that we can expect some more balance today. It did try to break below the previous low but left a small tail to get back into previous day range & Value where it auctioned for most of the day and one lower than average volumes which meant that there were only locals present & there was no OTF. NF traded in a very narrow range of 50 points & even tried to push above the IBH but as there was no new volumes coming in, it got back into the IB making a nice balance over the past 2 days with a prominent POC at 10820 levels from where it can give a move away. It has left a probable multi-day FA at 10837 if it breaks below 10771 on Monday open which will open up the 1 ATR probe lower & a test of that extension handle & spike lows of 12/12 can come. On the upside, a move above 10850 can take it to recent highs of 10882 & above 10885 it can tag the VPOC of 10908 & 10926.

Nf Compo1 10 Market Profile Analysis Dated 14Th Dec 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
    • The day type was a Normal Day (‘Gaussian’ profile)
    • Largest volume was traded at 10820 F
    • Vwap of the session was at 10808 with volumes of just 79.1 L in a session which traded a High-Low range of 10837-10771 for a narrow range of just 66 points 
    • The VWAP & POC of Nov Series 10480 & 10580 respectively. It tagged the VWAP on 11/12 but closed above it
    • The VWAP & POC of 31/10 10250 & 10248 will be important levels going forward

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 10798-10820-10825

Hypos / Estimates for the next session:

a) Neutral day balance with POC at 10830 is the pivot for stage 2 of this 3 day auction
b) Supply will be seen near 10900 and 10930 on any probes highs
c) 10760 and 10730 are supports for the auction tom


BankNifty Dec F:

Bnf Compo1 14 Market Profile Analysis Dated 14Th Dec 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

BNF also had a OAIR start below that 26890 level (as mentioned in previous daily report) & tried to probe lower making a low of 26792 which meant it is not yet ready to break the previous day range after which it reversed to move higher above that 26890 level towards that HVN of 26970 but could only make a high of 26948 & settled down in a narrow range for the day making a nice balance with a slightly lower Value Area & a prominent POC at 26870. There was an attempt late in the day to break the IBH when BNF made a new low of 26770 but this was swiftly rejected & BNF closed at the dPOC & VWAP combo leaving a probable FA at lows if it can get above 26950 on Monday.

  • The BNF Open was a Open Auction In Range
  • The day type was a Normal Day (‘Gaussian’ profile)
  • Largest volume was traded at 26870 F
  • Vwap of the session was at 26868 with the lowest volumes this series of just 19.2 L in a session which traded a High-Low range of 26948-26770 for 178 points
  • BNF has left a FA at 27029 on 13/12 and the 1 ATR move down comes to 26728, the FA is currently on T+2 Days
  • BNF had left a FA at 26453 on 10/12 and tagged the 2 ATR target of 25927 on 11/12. It got back above this FA on 12/12 at T+2 days & completed the 2 ATR move at 26976 on the upside on 13/12
  • BNF had confirmed a multi-day FA on 05/12 at 26745 and tagged the 2 ATR target of 26237 on 06/12. BNF tagged & closed above this FA on 12/12 which was T+5 Days and tagged the 1 ATR move up of 26999 on 13/12
  • BNF has stayed above the vwap of 17/10 which was 25500 and is now support
  • We had a FA at 24625 on 31/10 which has completed 1 ATR of 25102 & has stayed above the 2 ATR of 25575
  • The VWAP & POC of Nov Series 25686 & 26218 (Spot) respectively
  • 31st October’s VWAP of 24895 & POC of 24900 will be important levels going forward

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 26833-26870-26901

Hypos / Estimates for the next session:

a) The BNF also was balanced but with value slightly lower
b) Support exists at 26800 for the session tom
c) Supply at 27000 and 27136 for the session

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