Market Profile Analysis dated 20th November

Market Profile Analysis dated 20th November 1

Nifty Nov F: 12018 [ 12066/ 11972 ]

HVNs – 11667 / 11760 / 11814 / 11876 / ( 11901-920 ) / 11970 / 12015 / (12050)

Report to be updated…

(Click here to view NF making higher Value above the Gaussian composite from 30th Oct to 19th Nov)

Market Profile Analysis dated 20th November 2

  • The NF Open was an Open Auction (OA)
  • The day type was a Normal Variation Day (Up)  
  • Largest volume was traded at 12015 F
  • Vwap of the session was at 12025 with volumes of 88.5 L and range of 93 points as it made a High-Low of 12009-11913
  • NF confirmed a multi-day FA at 11465 on 16/10 and completed the 2 ATR move up of 11776. This FA has not been tagged since & hence is now positional support
  • NF confirmed a FA at 11503 on 17/10 and completed the 2 ATR move up of 11808. This FA has not been tagged since & hence is now positional support
  • NF confirmed a FA at 11162 on 09/10 and completed the 2 ATR move up of 11554.  This FA has not been tagged since & hence is now positional support
  • The Trend Day VWAP of 29/10 at 11810 will be important reference on the downside.
  • The settlement day Roll Over point (Nov) is 11970
  • The VWAP & POC of Oct Series is 11461 & 11365 respectively.
  • The VWAP & POC of Sep Series is 11127 & 10960 respectively.
  • The VWAP & POC of Aug Series is 10966 & 10984 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 12005-12015-12051

Hypos / Estimates for the next session:

a) NF needs to sustain above 12015 for a move higher to 12030-36 / 12052-60 & 12080
b) Staying below 12015, the auction could tag 11995-984 / 11969-960 & 11940-936
c) Above 12080, NF can probe higher to 12094 / 12112-121 & 12148-166
d) Below 11936, auction becomes weak for 11918-901 / 11885 & 11860
e) If 12166 is taken out, the auction go up to to 12185 / 12209 & 12226-236
f) Break of 11860 can trigger a move lower to 11846-833 / 11816*-810 & 11795


BankNifty Nov F: 31321 [ 31434 / 31184]

HVNs – 30075 / 30150 / 30288 / 30400 / 30690 / 30760 / 31020 / (31175) / 31250 / 31325

Market Profile Analysis dated 20th November 3

Report to be updated…

(Click here to view BNF form a 2-day ‘p’ composite profile)

  • The BNF Open was an Open Auction In Range (OAIR)
  • The day type was a Normal Variation Day – Up 
  • Largest volume was traded at 31325 F
  • Vwap of the session was at 31320 with volumes of 28.1 L and range of 250 points as it made a High-Low of 31434-31184
  • BNF confirmed a fresh FA at 30052 on 06/11 and tagged the 2 ATR target of 31049 on 08/11. This FA has not been tagged since & hence is now positional support
  • BNF confirmed a FA at 27900 on 09/10 and completed the 2 ATR move up of 29779. This FA has not been tagged since & hence is now positional support
  • The Trend Day VWAP of 06/11 at 30447 will be important reference on the downside.
  • The Trend Day VWAP of 29/10 at 29945 will be important reference on the downside. This was tagged on 30/10 and broken but was swiftly rejected so proves to be support.
  • The old Trend Day VWAP of 08/07 at 30995  is no longer valid reference now as BNF closed below this on 13/11
  • The settlement day Roll Over point (Nov) is 30150
  • The VWAP & POC of Oct Series is 28784 & 28415 respectively.
  • The VWAP & POC of Sep Series is 28416 & 27160 respectively.
  • The VWAP & POC of August Series 27858 & 27960 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 31279-31325-31400

Hypos / Estimates for the next session:

a) BNF needs to sustain above 31325 for a rise to 31360-392 / 31440-490 & 31560
b) Staying below 31325, the auction could test 31255-240 / 31180 & 31122-090
c) Above 31560, BNF can probe higher to 31618-640 / 31727-740 & 31784*-803
d) Below 31090, lower levels of 31020 / 30965-914 & 30860 could be tagged
e) If 31803 is taken out, BNF can give a fresh move up to 31875 / 31929-949 & 32001
f) Below 30860, we could see lower levels of 30770-750* / 30686-658 & 30585-580

Additional Hypos

g) Above 32001, higher levels of 32058-82 / 32140 & 32197-213 could get tagged
h) Break of 30580 could trigger a move down to 30540 / 30500-460 & 30375-370

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