Market Profile Analysis dated 23rd August

Nifty Aug F:  10843 [ 10880 / 10646 ]

Detailed report to be updated…

  • The NF Open was an Open Rejection Reverse – Down (ORR) which failed
  • The day type was a Double Distribution Trend Day – Up
  • Largest volume was traded at 10852 F
  • Vwap of the session was at 10781 with volumes of 160.7 L and range of 233 points as it made a High-Low of 10880-10646
  • NF confirmed a multi-day FA at 11083 on 21/08 and tagged the 2 ATR objective of 10736 on 22/08.
  • The Trend Day POC & VWAP of 22/08 at 10853 10826 would be important references on the upside.
  • 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 11315
  • The VWAP & POC of Jul Series is 11575 & 11547 respectively.
  • The VWAP & POC of Jun Series is 11833 & 11714 respectively.
  • The VWAP & POC of May Series is 11613 & 11696 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 10756-10852-10879

Hypos / Estimates for the next session:

a) NF needs to stay above 10853-862 for a rise to 10884-892 & 10912
b) Staying below 10840, the auction can test 10813-807 / 10786 & 10767
c) Above 10912, NF can probe higher to 10930-935 / 10952-960 & 10976-988
d) Below 10767, auction becomes weak for 10743 / 10724-716 & 10680-676
e) If 10988 is taken out, the auction can rise to 11007-10 / 11040 & 11061
f) Break of 10676 can trigger a move lower to 10658 / 10640-631 & 10619-615


BankNifty Aug F: 27016 [ 27250 / 26615 ]

Detailed report to be updated…

  • The BNF Open was an Open Auction Out of Range (OAOR)
  • The day type was a Normal Variation Day (Up)
  • Largest volume was traded at 27020 F
  • Vwap of the session was also at 26973 with volumes of 48.2 L in a session which traded in a range of 634 points making a High-Low of 27250-26615
  • The auction had stayed above the Trend Day POC of 27740 left on 13/08 which was important support and got broken on 22/08.
  • The Trend Day POC & VWAP of 22/08 at 27485 27406 would be important references on the upside.
  • 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 29250
  • The VWAP & POC of Jul Series is 30425 & 30586 respectively.
  • The VWAP & POC of Jun Series is 30914 & 30961 respectively.
  • The VWAP & POC of May Series 30211 & 28940 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 27219-27485-27661

Hypos / Estimates for the next session:

a) BNF needs to sustain above 27020 for a move to 27115 & 27185-200
b) Staying below 27020, the auction can test 26973 / 26924-910 & 26860-850
c) Above 27200, BNF can probe higher to 27278-299 / 27325 & 27400-425
d) Below 26850, lower levels of 26801-790 / 26728 & 26640-630 could come into play
e) Sustaining above 27425, BNF can give a fresh move up to 27485-510 & 27570-606
f) Break of 26630 could trigger a move down 26593 / 26530-520 & 26465-440

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