Market Profile Analysis dated 26th March 2021

Nifty Apr F:  14608 [ 14675 / 14501 ]

NF made a gap up open and went on to test the PBH (Pull Back High) of 14587 as it made a high of 14595 in the A period but got rejected reversing the probe to the downside and made a low of 14501 in the B period taking support just above the yPOC of 14495 indicating demand coming back. The auction then made the dreaded C side extension where it made new highs of 14617 and typical of a C side, it gave a pull back to the day’s VWAP leaving a PBL (Pull Back Low) at 14532 in the D period once again confirming presence of buyers at lower levels. NF then went on to scale back above VWAP and make a fresh RE higher in the E period triggering higher highs till the ‘J’ period where it hit 14675 but fell short of completing the 2 IB objective of 14689 triggering a retracement to 14570 into the close after building a prominent POC at 14630 and would be the immediate reference for the next open as the auction closed the day at 14608 with completely higher Value.

Click here to view the latest profile in NF on MPLite

  • The NF Open was a Open Auction In Range (OAIR)
  • The Day type was a Normal Variation Day – Up (NV)
  • Largest volume was traded at 14630 F
  • Vwap of the session was at 14594 with volumes of 116.2 L and range of 174 points as it made a High-Low of 14675-14501
  • The settlement day Roll Over point (Apr) is 14425
  • The VWAP & POC of Mar Series is 14839 & 15021 respectively.
  • The VWAP & POC of Feb Series is 14893 & 15115 respectively.
  • The VWAP & POC of Jan Series is 14288 & 14569 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 14561-14630-14650

HVNs – 14425 / 14975


BankNifty Apr F:  33585 [ 33834 / 33336 ]

BNF made a gap up of 440 points and even made a brief look above previous day’s high as it hit 33834 but got rejected from these new highs and formed a nice Gaussian profile for the day with a prominent POC at 33638 leaving one of the narrowest daily range of just 498 points and looks set to give an initiative move away on volumes in the coming session.

Click here to view the latest profile in BNF on MPLite

  • The BNF Open was a Open Auction In Range (OAIR)
  • The Day type was a Normal Day (Gaussian Profile)
  • Largest volume was traded at 33638 F
  • Vwap of the session was at 33592 with volumes of 50.2 L and range of 498 points as it made a High-Low of 33834-33336
  • The settlement day Roll Over point (Apr) is 33250
  • The VWAP & POC of Dec Series is 33549 & 35263 respectively.
  • The VWAP & POC of Feb Series is 35530 & 35820 respectively.
  • The VWAP & POC of Jan Series is 31597 & 32062 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 33506-33638-33700

HVNs – 33250

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