Market Profile Analysis dated 20th September

Nifty Sep F: 11295 [ 11406 / 10705 ]

Report to be updated…

  • The NF Open was an Open Auction In Range (OAIR)
  • The day type was a Trend Day – Up
  • Largest volume was traded at 11210 F
  • Vwap of the session was at 11125 with highest ever volumes of 370.4 L and range of 701 points as it made a High-Low of 11406-10705
  • The Trend Day VWAP of 20/09 at 11125 is now important support.
  • The Trend Day POC & VWAP of 19/07 at 11478 11523 are now positional references on the upside.
  • The higher Trend Day VWAP of 05/07 at 11965 is another important reference higher.
  • The settlement day Roll Over point is 11010
  • The VWAP & POC of Aug Series is 10966 & 10984 respectively.
  • The VWAP & POC of Jul Series is 11575 & 11547 respectively.
  • The VWAP & POC of Jun Series is 11833 & 11714 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 10998-11210-11400

Hypos / Estimates for the next session:

a) NF needs to sustain above 11290 for a move to 11328 / 11345-350 & 11374
b) Staying below 11290 at open, the auction can test 11254 / 11210 & 11185
c) Above 11374, NF can probe higher to 11405-410 / 11444-447 & 11475-478
d) Below 11185, auction becomes weak for 11150-124 & 11097-79
e) If 11478 is taken out, the auction can rise to 11505-523 / 11540-545 & 11570-574
f) Break of 11079 can trigger a move lower to 11054 / 11004 & 10960-950

Additional Hypos (Upside)

g) Above 11574, higher levels of 11595-611 / 11630 & 11670-682 could get tagged
h) If 11682 it taken out, NF could rise to 11705-721 / 11736 & 11751-776
i) Sustaining above 11776 can trigger a move to 11822 / 11842-863 & 11894-908


BankNifty Sep F: 26782 [ 27176 / 26683 ]

Report to be updated…

  • The BNF Open was an Open Auction In Range (OAIR)
  • The day type was a Trend Day – Up
  • Largest volume was traded at 28500 F
  • Vwap of the session was also at 28423 which will now be important support. BNF had volumes of 113 L in a session which traded in a range of 2674 points making a High-Low of 29425-26750
  • The Trend Day VWAP of 19/07 at 30085 is now positional supply point.
  • The higher Trend Day VWAP of 18/07 & 08/07 at 30598 & 30995 remain important references going forward
  • The settlement day Roll Over point is 27450
  • The VWAP & POC of August Series 27858 & 27960 respectively
  • The VWAP & POC of Jul Series is 30425 & 30586 respectively.
  • The VWAP & POC of Jun Series is 30914 & 30961 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 27840-28500-29420

Hypos / Estimates for the next session:

a) BNF needs to sustain above 29000 above which it could rise to 29105 / 29190-200 & 29287
b) The auction gets weak below 28960 for a probe lower to 28850 / 28725 & 28500
c) Above 29287, BNF can rise to 29352 / 29425 & 29500-518
d) Below 28500, lower levels of 28423 / 28285 & 28095 could come into play
e) Sustaining above 29518, BNF can give a fresh move up to 29568-576 / 29650-680 & 29725-790
f) Break of 28095 could trigger a move down 28024-00 / 27950 & 27880-840

Additional Hypos (Upside)

g) Above 29790, higher levels of 29854 / 29901-922 & 29975 could get tagged
h) If 29975 it taken out, BNF could rise to 30020 / 30085-110 & 30155
i) Sustaining above 30155 can trigger a move to 30226-261 / 30323 & 30385

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