Market Profile Analysis dated 18th Feb 2020

Nifty Feb F:  12006 [ 12047 / 11923 ]

HVNs – 11803 / 11922 / (11976) / 12012 / 12074 / 12130 / 12165 / 12220

Report to be updated…

  • The NF Open was an Open Auction Out Of Range plus Drive Down (OAOR + D)
  • The day type was a Normal Variation Day – Down (NV)
  • Largest volume was traded at 11976 F
  • Vwap of the session was at 11965 with volumes of 96.8 L and range of 124 points as it made a High-Low of 12047-11923
  • The 14th Feb VWAP of 12169 will be the immediate reference on any upside.
  • The 20th Jan Trend Day VWAP of 12336 remains positional supply point.
  • The settlement day Roll Over point (Feb) is 12044
  • The VWAP & POC of Jan Series is 12178 & 12132 respectively.
  • The VWAP & POC of Dec Series is 12087 & 12182 respectively.
  • The VWAP & POC of Nov Series is 11954 & 11910 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 11934-11976-11982

Hypos / Estimates for the next session:

a) NF needs to scale above 12020 & sustain for a move to 12047-075* / 12094-102 & 12120-124
b) Staying below 12000, the auction could test lower levels of 11982-976 / 11955 / 11934-922* & 11904  
c) Above 12124, NF can probe higher to 12140-155 & 12168*-171
d) Below 11904 auction can move lower to 11888-881 & 11864-842


BankNifty Feb F:  30581 [ 30707 / 30282 ]

HVNs – 29970 / 30355-396 / (30515) / (30630) / 30720 / 30795 / 30900 / 31040 / 31260 / 31375

Report to be updated…

  • The BNF Open was an Open Rejection Reverse – Down (ORR)
  • The day type was a Normal Variation Day – Down (NV)
  • Largest volume was traded at 30396 F
  • Vwap of the session was at 30441 with volumes of 32.2 L and range of 425 points as it made a High-Low of 30707-30282
  • The 14th Feb VWAP of 31067 will be the immediate reference on any upside.
  • BNF confirmed the third FA of this series in 5 sessions at 30631 on 05/02  and tagged the 2 ATR objective of 31600 on 11/02. This FA has not been tagged and is now positional support.
  • The settlement day Roll Over point (Feb) is 30726
  • The VWAP & POC of Jan Series is 31425 & 32104 respectively.
  • The VWAP & POC of Dec Series is 31956 & 32102 respectively.
  • The VWAP & POC of Nov Series is 30699 & 31100 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 30310-30396-30515

Hypos / Estimates for the next session:

a) BNF needs to sustain above 30600 for a rise to 30655 / 30720-750* / 30805-820 & 30885-902
b) Immediate support is at 30580-560 below which the auction could fall to 30500 / 30440-410 / 30355-310 & 30285
c) Above 30902, BNF can probe higher to 30965 / 31020-067 & 31126-140
d) Below 30285, lower levels of 30237-170 / 30102 & 30060-040 could be tagged

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