Market Profile Analysis dated 24th Jan 2020

Nifty Jan F:  12272 [ 12293 / 12157 ]

HVNs – 11994 / 12040 / 12062 /12160 / (12190-200) / 12244 / 12272 / 12305

Report to be updated…

  • The NF Open was an Open Auction In Range  (OAIR)
  • The day type was a Normal Variation Day – Up (‘p’ shape profile)
  • Largest volume was traded at 12272 F
  • Vwap of the session was at 12246 with volumes of 81.8 L and range of 136 points as it made a High-Low of 12293-12157
  • NF confirmed a FA at 12319 on 15/01  and tagged the 1 ATR target of 12415 on 20/1. This FA was negated on 20/01 and the 2 ATR move down of 12127 got tagged on 22/01.
  • The 20th Jan Trend Day VWAP of 12308 would be important supply point.
  • The settlement day Roll Over point (Jan) is 12193
  • The VWAP & POC of Dec Series is 12087 & 12182 respectively.
  • The VWAP & POC of Nov Series is 11954 & 11910 respectively.
  • The VWAP & POC of Oct Series is 11461 & 11365 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 12223-12272-12275 

Hypos / Estimates for the next session:

a) NF has immediate supply at 12280-285 which needs to be taken out for a rise to 12300-*308* & 12320-330
b) Staying below 12272, the auction could fall to 12255-244 & 12230-223
c) Above 12330, NF can probe higher to 12352-365 & 12380
d) Below 12223 auction could probe lower to 12209-201 / 12183-178 & 12165
e) If 12380 is taken out, the auction go up to to 12405-408 / 12421 & 12437-445
f) Break of 12165 can trigger a move lower to 12150-132 / 12110 & 12090-079


BankNifty Jan F:  31330 [ 31438 / 30924 ]

HVNs – 30832 / 31080 / 31175 / 31326 / 31455 / 31525 / 31770 / 31840 / 31935

Report to be updated…

  • The BNF Open was an Open Auction In Range  (OAIR)
  • The day type was a Normal Variation Day – Up (‘p’ shape profile)
  • Largest volume was traded at 31326 F
  • Vwap of the session was at 31276 with volumes of 32.8 L and range of 514 points as it made a High-Low of 31438-30924
  • BNF confirmed a multi-day FA at 32260 on 14/01  and tagged the 2 ATR target of 31507 on 20/01. This FA has not been tagged and is now positional resistance.
  • BNF confirmed a FA at 32774 on 30/12 and tagged the 2 ATR target of 32142 on 03/01. This FA has not been tagged and is now positional resistance.
  • The 20th Jan Trend Day VWAP of 31396 would be important supply point. This was taken out on 24/01 briefly but closed below it indicating supply still prevalent in this zone.
  • The settlement day Roll Over point (Jan) is 32180
  • The VWAP & POC of Dec Series is 31956 & 32102 respectively.
  • The VWAP & POC of Nov Series is 30699 & 31100 respectively.
  • The VWAP & POC of Oct Series is 28784 & 28415 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 31233-31326-31420

Hypos / Estimates for the next session:

a) BNF has immediate supply at 31340-360 which needs to be taken out for a rise to 31425 / 31455-480 & 31525
b) Staying below 31326, the auction could test 31270 / 31212 & 31170-135
c) Above 31525, BNF can probe higher to 31565-587 / 31625-650 & 31720
d) Below 31135, lower levels of 31083-051 / 31002 & 30960-925 could be tagged
e) If 31720 is taken out, BNF can give a fresh move up to 31775 / 31850 & 31936-961
f) Break of 30925 could trigger a move down to 30872-832 / 30780-775 & 30705-680

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