Market Profile Analysis dated 25th October

Market Profile Analysis dated 25th October 1

Nifty Oct F: 11609 [ 11640/ 11502 ]

HVNs – 11155 / 11250-253 / (11276) / 11330 / 11380 / [11410] / 11484 / 11605 / 11670

Report to be updated…

Market Profile Analysis dated 25th October 2

  • The NF Open was an Open Auction In Range (OAIR)
  • The day type was a Normal Variation Day – Down
  • Largest volume was traded at 11605 F
  • Vwap of the session was at 11580 with volumes of 108.1 L and range of 137 points as it made a High-Low of 11640-11502
  • 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 has not been tagged since & hence is now positional support
  • 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+6’ 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 11554-11605-11638

Hypos / Estimates for the next session:

a) NF needs to sustain above 11620 for a rise to 11640 / 11661-664 / 11679 & 11700-705
b) Immediate support is at 11605 below which the auction could test 11590-580 / 11560-536 & 11520
c) Above 11705, NF can probe higher to 11725-731 / 11751-763 & 11787
d) Below 11520, auction becomes weak for 11484-478 / 11458 & 11442-439
e) If 11787 is taken out, the auction go up to to 11805-810 / 11822-843 & 11863
f) Break of 11439 can trigger a move lower to 11424-420 / 11395-*379* & 11364-360


BankNifty Oct F: 29432 [ 29480 / 28912 ] ) ] 

HVNs – 28025 / 28130 / 28330 / 28430 / 28625 / (29020) / 29200 / 29435 / 29490 / (29650)

Market Profile Analysis dated 25th October 3

Report to be updated…

  • The BNF Open was an Open Auction In Range (OAIR)
  • The day type was a Neutral Extreme Day – Up
  • Largest volume was traded at 29200 F
  • Vwap of the session was at 29183 with volumes of 45.5 L and range of 567 points as it made a High-Low of 29480-28912
  • 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 29092-29200-29400

Hypos / Estimates for the next session:

a) BNF has immediate supply at 29470-490 above which it could rise to 29544-555 / 29625-680 & 29745
b) Sustaining below 29430, the auction gets weak for a test of 29350-330 / 29230-200 & 29145
c) Above 29745, BNF can probe higher to 29805 / 29853-885 & 29928-950
d) Below 29145, lower levels of 29090-020 / 28940-935 & 28857-830 could come into play
e) If 29950 is taken out, BNF can give a fresh move up to 30025-77 / 30140-175 & 30216
f) Break of 28830 could trigger a move down 28760-703 / 28650-622 & 28541-500

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