Market Profile Analysis dated 22nd January 2021

Nifty Jan F:  14380 [ 14626 / 14356 ]

NF opened in the Neutral Extreme zone in the IB but an attempt to probe higher in the ‘C’ period was swiftly rejected leading to a fresh OTF move lower for the day as the auction confirmed a FA at 14626 and completed the 1 ATR objective of 14459 with ease before leaving yet another NeuX profile on the daily as it made a low of 14356 before closing the day at 14380.

Click here to view the latest profile in 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 14430 F
  • Vwap of the session was at 14483 with volumes of 163.8 L and range of 270 points as it made a High-Low of 14626-14356
  • NF confirmed a FA at 14626 on 22/01 and tagged the 1 ATR objective of 14459 on the same day. The 2 ATR target comes to 14291.
  • NF confirmed a FA at 14077 on 05/01 and tagged the 2 ATR objective of 14413 on 11/01. This FA has not been tagged and is now positional support.
  • The settlement day Roll Over point (Jan) is 14007
  • The VWAP & POC of Dec Series is 13528 & 13528 respectively.
  • The VWAP & POC of Nov Series is 12554 & 12862 respectively.
  • The VWAP & POC of Oct Series is 11793 & 11897 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 14370-14430-14526

HVNs – 13970 / 14040 / 14120 / 14220 / 14460* / 14594


BankNifty Jan F:  31198 [ 32227 / 31123 ]

BNF got accepted in the Neutral Extreme zone of previous day as it made a high of 32227 in the IB and went on to form a Trend Day Down dropping by 1104 points and stalling right in the Value of the earlier 6-day composite (29th Dec 2020 to 5th Jan 2021) where it played the 80% Rule 3 times both up & down with the POC shifting to lows at close indicating profit booking by the shorts.

Click here to view the latest profile in BNF on MPLite

  • The BNF Open was a Open Auction In Range (OAIR)
  • The Day type was a Trend Day – Down (TD)
  • Largest volume was traded at 31207 F
  • Vwap of the session was at 31562 with volumes of 75.7 L and range of 1104 points as it made a High-Low of 32227-31123
  • The settlement day Roll Over point (Jan) is 31389
  • The VWAP & POC of Dec Series is 30270 & 30766 respectively.
  • The VWAP & POC of Nov Series is 28104 & 29565 respectively.
  • The VWAP & POC of Oct Series is 23740 & 24468 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 31125-31207-31759

HVNs – 31410 / 31900 / 32107* / 32406 / 32686

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