Market Profile Analysis dated 19th December

Nifty Dec F: 12269 [ 12277/ 12207 ]

HVNs – 12024 / (12082) / 12112 / 12170 / 12190 / (12216) / 12266

NF opened in the spike and probed lower as it made a typical ‘C’ side extension which failed and confirmed a FA at 12207 from where the auction made a trending move to the upside as it once again closed at the highs giving a Neutral Extreme profile on the daily with higher Value which has been the case with all the day this week. It remains to be seen if NF can close the week at highs or if there is some profit booking coming in on the last Friday for this series.

  • The NF Open was an Open Auction In Range (OAIR)
  • The day type was a slow Neutral Extreme Day – Up (NeuX)
  • Largest volume was traded at 12266 F
  • Vwap of the session was at 12247 with volumes of 70.2 L and range of 69 points as it made a High-Low of 12277-12208
  • NF confirmed a FA at 12207 on 19/12 and the 1 ATR objective comes to 12306.
  • The failed attempt in the ‘C’ period in NF on 18/12 can be considered to be a FA which was at 12177 and the auction tagged 1 ATR objective of 12275 on 19/12. The 2 ATR target from this FA is at 12373.
  • The Trend Day VWAP of 29/10 at 11848 will be important reference on the downside.
  • The settlement day Roll Over point (Dec) is 12153
  • The VWAP & POC of Nov Series is 11954 & 11910 respectively.
  • The VWAP & POC of Oct Series is 11461 & 11365 respectively.
  • The VWAP & POC of Sep Series is 11127 & 10960 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 12234-12266-12275

Hypos / Estimates for the next session:

a) NF has immediate supply at 12275-280 above which it could rise to 12310 & 12340
b) The auction gets weak below 12265 for a test of 12243-230 & 12216-207
c) Above 12340, NF can probe higher to 12362-368 / 12384 & 12407-413
d) Below 12207, auction could fall to 12190-185 / 12170*-150 & 12130
e) If 12413 is taken out, the auction go up to to 12446 & 12475
f) Break of 12130 can trigger a move lower to 12112-102 & 12082-74


BankNifty Dec F: 32279 [ 32344 / 32055]

HVNs – 31370-400 / 31470 / 31715 / 31855 / 31896 / 32040 / 32090 / (32200-240)

Report to be updated…

Click here to view the 3-day Gaussian profile in BNF

  • The BNF Open was an Open Auction In Range (OAIR)
  • The day type was a slow Normal Variation Day – Up (NV)
  • Largest volume was traded at 32260 F
  • Vwap of the session was at 32243 with volumes of 21.4 L and range of 222 points as it made a High-Low of 32345-32123
  • BNF confirmed a multi-day FA at 32055 on 18/12 and the 1 ATR objective comes to 32431.
  • The Trend Day VWAP of 06/11 at 30587 will be important reference on the downside.
  • The settlement day Roll Over point (Dec) is 32160
  • The VWAP of Nov Series is 30699.
  • The VWAP & POC of Oct Series is 28784 & 28415 respectively.
  • The VWAP & POC of Sep Series is 28416 & 27160 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 32197-32260-32334

Hypos / Estimates for the next session:

a) BNF needs to stay above 32260 for a probe to 32310 / 32384 & 32450-465
b) Immediate support is at 32245-230 below which the auction could test 32195-160 / 32090 & 32040*
c) Above 32465, BNF can probe higher to 32510 & 32573-577
d) Below 32040, lower levels of 31980 & 31925-896 could be tagged
e) If 32577 is taken out, BNF can give a fresh move up to 32628 / 32682 & 32725
f) Below 31896, we could see lower levels of 31848-805 & 31745-715

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