Market Profile Analysis dated 18th September 2020

Nifty Sep F:  11515 [ 11599 / 11455 ]

Report to be updated..

Click here to view the weekly balance of NF on MPLite

  • The NF Open was a Open Auction In Range (OAIR)
  • The Day type was a Neutral Extreme Day – Down (NeuX)
  • Largest volume was traded at 11517 F
  • Vwap of the session was at 11544 with volumes of 127.5 L and range of 144 points as it made a High-Low of 11599-11455
  • NF confirmed a FA at 11599 on 18/09 negating the earlier FA of 11578 and the 1 ATR target comes to 11451.
  • NF confirmed a FA at 11451 on 15/09 and completed the 1 ATR objective of 11596 on 16/09. The 2 ATR target comes to 11742. This FA is currently on ‘T+5’ Days
  • NF confirmed a FA at 11202 on 02/09 and tagged the 2 ATR objective of 11470 on 11/09. This FA has not been tagged and is now a positional reference.
  • The settlement day Roll Over point (Sep) is 11607
  • The VWAP & POC of Aug Series is 11311 & 11311 respectively.
  • The VWAP & POC of Jul Series is 10897 & 10803 respectively.
  • The VWAP & POC of Jun Series is 10110 & 10110 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 11460-11517-11562

HVNs – 11400 / 11448 / 11485 / 11555 / 11664

Main Hypos for 21.09.2020:

a) NF needs to sustain above 11535 for a rise to 11565-590 / 11605-618 & 11645-665
b) The auction staying below 11485 could test 11465-433 / 11415-385 & 11355*

Extended Hypos:
c) Above 11665, NF can probe higher to 11684-711 / 11726-750 & 11773*
d) If 11355 is taken out, NF could fall to 11324 / 11294-270* & 11251


BankNifty Sep F:  22392 [ 22560 / 22300 ]

Report to be updated…

Click here to view BNF giving a late move away from the 7-day composite on MP Lite

  • The BNF Open was a Open Auction In Range (OAIR)
  • The Day type was a Normal Variation Day – Down (with a spike close)
  • Largest volume was traded at 22395 F
  • Vwap of the session was at 22273 with volumes of 71.5 L and range of 712 points as it made a High-Low of 22520-21808
  • The settlement day Roll Over point (Sep) is 23576
  • The VWAP & POC of Aug Series is 22444 & 21595 respectively.
  • The VWAP & POC of Jul Series is 22163 & 22087 respectively.
  • The VWAP & POC of Jun Series is 20918 & 21000 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 22049-22395-22505

HVNs – 22294 / 22390 / 22995 / 23688 / 23800 / 24250

Main Hypos for 21.09.2020:

a) BNF needs to sustain above 22125 for a rise to 22185-220 / 22300-392 / 22460-505 & 22550-675
b) The auction staying below 22050 could test 21990-910 / 21860-780 / 21723-660 & 21600*-540

Extended Hypos:

c) Above 22675, BNF can probe higher to 22735-795 / 22854-928 / 23000*-075 & 23150*-230
d) Breaking below 21540, it could fall to 21499-425 / 21312-245 / 21183-138 / 21085-039 & 20970-904

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