Market Profile Analysis dated 26th Mar 2020

Nifty Apr F:  8677 [ 8780 / 8335 ]

HVNs – 7900 / 8266

Report to be updated…

  • The NF Open was a Open Rejection Reverse (Up) (ORR)
  • The day type was a Normal Day (‘p’ shape profile)
  • Largest volume was traded at 8670 F
  • Vwap of the session was at 8621 with volumes of 229.6 L and range of 445 points as it made a High-Low of 8780-8335
  • NF confirmed a FA at 7521 on 24/03  and tagged the 2 ATR objective of 8595 on 26/03. This FA is currently on ‘T+3’ Days.
  • NF confirmed a FA at 9384 on 17/03  and tagged the 2 ATR move of 8613 on 18/03. This FA has not been tagged and is positional supply point.
  • The settlement day Roll Over point (Apr) is 8686
  • The VWAP & POC of Mar Series is 9238 & 11289 respectively.
  • The VWAP & POC of Feb Series is 11944 & 12125 respectively.
  • The VWAP & POC of Jan Series is 12178 & 12132 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 8562-8670-8742

Main Hypos for the next session – NIFTY SPOT:

A) Nifty needs to sustain above 8650 for a move to 8696 / 8732-43 / 8790-94 / 8837-84 & 8915-31
B) The auction has immediate support at 8624-03 below which it could test 8555 / 8518-11 / 8465-54 / 8415-8373 & 8323-05

Extended Hypos:
C) If 8931 is taken out, Nifty can probe higher to 8978 / 9025-73 / 9113-69 / 9217 & 9265-82*
D) Break of 8305 could bring lower levels of 8279 / 8236-26 / 8191-46 / 8101 / 8069-56 & 8011


BankNifty Apr F:  19339 [ 20248 / 18215 ]

HVNs – 19700 / 19020

Report to be updated…

  • The BNF Open was a Open Rejection Reverse (Up) (ORR)
  • The day type was a Normal Day (‘p’ shape profile)
  • Largest volume was traded at 19356 F
  • Vwap of the session was at 19416 with volumes of 27 L and range of 2033 points as it made a High-Low of 20248-18215
  • The Trend Day VWAP of 18/03 at 20990 will be an important positional supply point in the days to come.
  • The settlement day Roll Over point (Apr) is 19380
  • The VWAP & POC of Mar Series is 25502 & 20302 respectively.
  • The VWAP & POC of Feb Series is 30692 & 30692 respectively.
  • The VWAP & POC of Jan Series is 31425 & 32104 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 18948-19356-19944

Main Hypos for the next session – BANKNIFTY SPOT:

A) BankNifty needs to sustain above 19671 for a rise to 19747 / 19811-821 / 19882-890 / 19952 & 20022-94 and acceptance above 20094 could go for 20194-165 / 20235 / 20296-307 / 20390-449 & 20521-593
B) Immediate support is at 19600 below which the auction could test 19530-461 / 19429-390 / 19321-252 / 19200-183 & 19114-096 and staying below 19096 could further fall to 19045 / 18976-966 / 18905-895 / 18835 & 18780-770

Extended Hypos:
C) Above 20593, BankNifty can probe higher to 20665-735 / 20809 / 20841-881 / 20950 & 21026-098
D) Below 18770, lower levels of 18701-675 / 18633-565 / 18497-481 / 18429-361 & 18288-225 could come into play

Additional Hypos*:
E) Above 21098 , BankNifty could start a new leg up to 21175-190 / 21250-318 / 21390-410 / 21465-535 & 21610
F) Below 18225, the auction can go down to 18175-155 / 18090-024 / 17956-890 / 17840-775 & 17689-623

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