Market Profile Analysis dated 25th February 2021

Nifty Mar F:  15169 [ 15290 / 15075 ]

NF continued previous day’s closing imbalance with a gap up and a probe higher in the ‘A’ period where made a high of 15225 but then settled down into an OAOR (Open Auction Out of Range) as it formed a balance above PDH in a narrow range forming a ‘p’ shape profile for the day before it made an attempt to spike higher in the ‘K’ period leaving a freak tick of 15290 and was promptly rejected back into the IB with a close just below the prominent POC of the day. The ability of the auction to stay above or below this POC would define the next leg in the coming session but with the rejection at top there is a good chance of a multi-day FA being activated at 15230 with probable targets of 15039 & 14848 in the coming session(s).

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 Normal Day
  • Largest volume was traded at 15188 F
  • Vwap of the session was at 15182 with volumes of 99.7 L and range of 215 points as it made a High-Low of 15290-15075
  • The settlement day Roll Over point (Mar) is 15174
  • The VWAP & POC of Feb Series is 14909 & 15117 respectively.
  • The VWAP & POC of Jan Series is 14288 & 14569 respectively.
  • The VWAP & POC of Dec Series is 13528 & 13528 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 15163-15188-15205

HVNs – 15230


BankNifty Mar F:  36720 [ 37325 / 36637 ]

BNF also opened higher & continued the upmove as it hit 37325 in the ‘A’ period leaving a big range of 608 points in the first 30 minutes but could not get fresh demand in this zone which led to a slow probe lower all day as the auction left an important PBH near VWAP at 37067 in the ‘H’ period and went on to make new lows for the day at 36637 in the ‘K’ period which got swiftly rejected back into the IB but stalled below VWAP leaving another PBH of 36920 as it settled down to close as a Normal Day with the dPOC also shifting lower to 36830 which would be the immediate reference on the upside in the coming session. The HVN of 36585 would be the level to watch on the downside which if broken could lead to the test of the long singles from 36461 to 36076 and the extension handle of 35893.

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 Normal Day
  • Largest volume was traded at 36830 F
  • Vwap of the session was at 36970 with volumes of 35.7 L and range of 688 points as it made a High-Low of 37325-36637
  • The settlement day Roll Over point (Mar) is 36719
  • The VWAP & POC of Feb Series is 35554 & 35820 respectively.
  • The VWAP & POC of Jan Series is 31597 & 32062 respectively.
  • The VWAP & POC of Dec Series is 30270 & 30766 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 36670-36830-37122

HVNs – 35640

For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.

If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive