Market Profile Analysis dated 22nd April 2021

Nifty Apr F:  14403 [ 14434 / 14155 ]

NF opened with a gap down hitting new lows for the series at 14155 and confirmed yet another OAOR (Open Auction Out of Range) start but lack of fresh selling led to a swift rejection as the auction not only got back into previous day’s range but left a long buying tail from 14227 to 14155 in the IB (Initial Balance) which set up for a successive Trend Day profile but this time on the upside as NF remained above VWAP all day and gave a late afternoon pull back to 14353 in the ‘K’ period before making new highs of 14434 in the ‘L’ where it stalled at the weekly POC before closing the day above the Trend Day (20th Apr) VWAP of 14393 and right at the dPOC of 14404. Today’s PBL of 14353 & VWAP of 14314 would be the important references on the downside for the next session whereas on the upside, the auction would need to take out the selling extension handle of 14457 and the singles of 14509 for a fresh leg higher.

Click here to view the latest profile in NF on MPLite

  • The NF Open was a Open Auction Out of Range (OAOR)
  • The Day type was a Trend Day – Up (TD)
  • Largest volume was traded at 14404 F
  • Vwap of the session was at 14314 with volumes of 121 L and range of 279 points as it made a High-Low of 14434-14155
  • The settlement day Roll Over point (Apr) is 14425
  • The VWAP & POC of Mar Series is 14816 & 14737 respectively.
  • The VWAP & POC of Feb Series is 14893 & 15115 respectively.
  • The VWAP & POC of Jan Series is 14288 & 14569 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 14262-14404-14427

HVNs – 14420 / 14621 / 14827* / 14906 / 14975


BankNifty Apr F:  31763 [ 31824 / 30589 ]

BNF not only opened with a gap down below the VPOC of 30806 but continued to probe lower as it made a low of 30589 taking support just above Monday’s PBL (Pull Back Low) of 30567 which meant that the demand was back which was further confirmed through a buying tail in the IB from 30817 to 30589 after which the auction continued to forge a One Time Frame move higher all day leaving couple of extension handles at 31140 & 31315 as it got above the Trend Day VWAP of 31403 and the PBH of 31489 and went on to make new highs for the week at 31824 but saw some profit booking coming into the close as the dPOC shifted higher to 31781 where BNF closed leaving a Trend Day Up which was an outside bar both in terms of Value & Range.

Click here to view the latest profile in BNF on MPLite

  • The BNF Open was a Open Auction Out of Range (OAOR)
  • The Day type was a Trend Day – Up (TD)
  • Largest volume was traded at 31781 F
  • Vwap of the session was at 31290 with volumes of 59.2 L and range of 1235 points as it made a High-Low of 31824-30589
  • The settlement day Roll Over point (Apr) is 33250
  • The VWAP & POC of Mar Series is 34618 & 33870 respectively.
  • The VWAP & POC of Feb Series is 35530 & 35820 respectively.
  • The VWAP & POC of Jan Series is 31597 & 32062 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 31047-31781-31822

HVNs – 32615 / 33250 / 33433 */ 34050

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