Market Profile Analysis dated 23rd October

Market Profile Analysis dated 23rd October 1

Nifty Oct F: 11624 [ 11684/ 11575 ]

HVNs – 11155 / 11250-253 / (11276) / 11330 / 11380 / [11410] / 11484 / (11630) / 11645 / 11670

Report to be updated…

(Click here to view the 3 day Gaussian profile in NF)

Market Profile Analysis dated 23rd October 2

  • The NF Open was an Open Rejection Reverse – ORR (Down) which failed
  • The day type was a Normal Day
  • Largest volume was traded at 11647 F
  • Vwap of the session was at 11637 with volumes of 92.4 L and range of 109 points as it made a High-Low of 11684-11575
  • NF confirmed a multi-day FA at 11420 on 16/10 and completed the 1 ATR move up of 11575. The 2 ATR objective comes to 11731. This FA is currently on ‘T+5’ Days
  • NF confirmed a FA at 11458 on 17/10 and completed the 1 ATR move up of 11611. The 2 ATR objective comes to 11763. This FA is currently on ‘T+4’ Days
  • NF confirmed a FA at 11113 on 09/10 and completed the 2 ATR move up of 11505.  This FA has not been tagged since & hence is now positional support
  • The Trend Day VWAP of 09/10 at 11224 will be important support and this held on 10/10 as well as on 11/10
  • The higher Trend Day VWAP of 05/07 at 11965 is an important reference higher.
  • The settlement day Roll Over point (Oct) is 11630
  • The VWAP & POC of Sep Series is 11127 & 10960 respectively.
  • The VWAP & POC of Aug Series is 10966 & 10984 respectively.
  • The VWAP & POC of Jul Series is 11575 & 11547 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 11619-11647-11678

Hypos / Estimates for the next session:

a) NF has immediate supply at 11645 above which it could rise to 11670-683 / 11700-705 & 11725-731
b) Immediate support is at 11622-619 below which the auction could test 11590 / 11575-568 & 11550-543
c) Above 11731, NF can probe higher to 11751-763 / 11787 & 11805-810
d) Below 11543, auction becomes weak for 11522-514 / 11484-478 & 11458
e) If 11810 is taken out, the auction go up to to 11822-843 / 11863 & 11894-897
f) Break of 11458 can trigger a move lower to 11442-439 / 11424-420 & 11395-*379*


BankNifty Oct F: 29494 [ 29725 / 29207 (freak low of 29121) ] 

HVNs – 28025 / 28130 / 28330 / 28430 / 28625 / 29070 / 29140 / (29290) / 29500 / (29610)

Market Profile Analysis dated 23rd October 3

Report to be updated…

(Click here to view BNF forming a ‘p’ profile on a 2 day composite)

  • The BNF Open was an Open Auction In Range (OAIR)
  • The day type was a Normal Variation Day – Up (‘p’ profile)
  • Largest volume was traded at 29640 F
  • Vwap of the session was at 29527 with volumes of 40.5 L and range of 518 points as it made a High-Low of 29725-29207
  • BNF confirmed a FA at 27774 on 09/10 and completed the 2 ATR move up of 29653 on 22/10. This FA has not been tagged since & hence is now positional support
  • The higher Trend Day VWAP of 08/07 at 30995 remains important reference going forward
  • The settlement day Roll Over point (Oct) is 30230
  • The VWAP & POC of Sep Series is 28416 & 27160 respectively.
  • The VWAP & POC of August Series 27858 & 27960 respectively
  • The VWAP & POC of Jul Series is 30425 & 30586 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 29442-29640-29709

Hypos / Estimates for the next session:

a) BNF has immediate supply in the zone of 29535 above which for a rise to 29580 / 29630-650 / 29705-720 & 29805
b) Sustaining below 29480-470, the auction could test 29371-350 / 29320-288 & 29222-210
c) Above 29805, BNF can probe higher to 29853-885 / 29928-950 & 30025-77
d) Below 29210, lower levels of 29160-140 / 29070-25 & 28997-983 could come into play
e) If 30077 is taken out, BNF can give a fresh move up to 30140-175 / 30216-269 & 30310
f) Break of 28983 could trigger a move down 28944-910 / 28857-830 & 28760

Additional Hypos

g) Above 30310, higher levels of 30390-396 / 30442 & 30480-500 could get tagged
h) If 28760 is broken, BNF could fall to 28703 / 28650-622 & 28541-500

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