Market Profile Analysis dated 26th Nov

Nifty Nov F:

NF opened with a 50 point gap up which meant it rejected the spike of 10539-10512 & tried probing higher but resisted at that pullback high of 10583 after which once it broke VWAP & got below yVAL of 10558 it trended lower for the first part of the day. Although the first attempt to get into the spike of 10539-10512 was rejected from midway where it made a low of 10528 (which was also the IBL), the bounce from there got rejected just below yVAH signalling that the PLR was still down. The second attempt into the spike saw it go the entire distance making a low of 10514 & it went on to make fresh lows of 10492 in the beginning of the ‘F period & this period is where the auction reversed as not only it got back into the previous day range of 10512 but also made new highs on 30 mins which was the first one for the day. It then went on to get above the strong combination of VWAP + IBL around 10530 & from there trended higher into the close giving an ideal Neutral Extreme Profile where the first part of the day it trended down & post ‘F period it trended higher till close making new highs thus making an outside day both in price as well as Value. NF has left an extension handle at 10584 which was also the IBH & the vwap for the day & will be a very most important level to hold all this week & above it we have an anomaly at 10602. The Neutral Extreme reference for tomorrow opening would be 10614-10650 & above the highs we have last week’s selling tail of 10659-10684 on watch.

Nf Compo1 25 Market Profile Analysis Dated 26Th Nov Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Strategies, Market Profile, Market Profile Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Technical Analysis, Trading Strategies, Volume Profile Trading

    • The NF Open was a Open Auction in Range
    • The day type was a Neutral Extreme Day (Up)
    • Largest volume was traded at 10640 F
    • Vwap of the session was at 10584 with volumes of 134.7 L in a session which traded a High-Low range of 10650-10492 for 158 points 
    • NF closed below the FA of 10694 (19/11) and tagged the 1 ATR down target of 10553 today
    • The vwap of 29/10 at 10175 is strong support now which was broken intraday but re-captured
    • We had a FA at 10111 on 31/10 which has done its 2 ATR objective & is now strong support
    • The VWAP & POC of 31/10 10250 & 10248 will be important levels going forward

For the latest weekly and other swing levels of the Nifty go to https://vtrender.in/weekly-charts-market-profile-analysis-19th-to-22nd-nov-2018 and https://vtrender.in/market-profile-analysis-with-monthly-and-weekly-charts/

Daily Zones:

    • Value zones (volume profile) are at 10544-10640-10648

Hypos / Estimates for the next session:

a) Auction pushed back to yPOC again today and saw again a heavy volume transacted.
b) Below 10640 can drop to 10590 where anomalies exist
c) If 10590 fails to hold can drop to 10546 and 10526 again
d) Above 10650 is bullsih again for 10690 and 10740


BankNifty Nov F:

Bnf Compo1 20 Market Profile Analysis Dated 26Th Nov Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Strategies, Market Profile, Market Profile Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Technical Analysis, Trading Strategies, Volume Profile Trading

 

BNF opened with a small gap up above the spike close of Thursday (25957-26056) & probed higher but made poor highs at 26145 levels indicating buyer exhaustion which led to test of the IBL & spike highs of 26053 which was broken but could only make a low of 26025 before getting back into the IB indicating BNF was ready to give yet another FA in this series. The ‘F period was the trend setter in BNF also as it not only got above vwap but also closed above IBH repairing the poor highs & confirming that FA at 26025 from where the 1 ATR up came to 26327 which was also the HVN where BNF resisted on Thursday. BNF trended into the close giving a Neutral Extreme profile leaving an extension handle at 26190 & has a tail in the middle of today’s profile from 26190-26247. The Neutral Extreme reference for tomorrow’s open would be 26334-26386 & just above today highs we have previous week’s high of 26410 which if crossed on good demand can open up the 2 ATR target of today’s FA which comes at 26628.

  • The BNF Open was an Open Auction in Range
  • The day type was a Neutral Extreme Day (Up)
  • Largest volume was traded at 26120 F
  • Vwap of the session was at 26172 with volumes of 33.8 L in a session which traded a High-Low range of 26386-26025 for 361 points
  • BNF confirmed a new FA today at 26025 and has closed above the 1 ATR target of 26327 & the 2 ATR up comes to 26628
  • BNF confirmed a multi-day FA today at 25811 and tagged the 1 ATR target of 26208 & is currently on T+5 days
  • The FA of 13/11 at 25429 is now strong support as has tagged the 2 ATR target of 26230 and closed above it
  • BNF has stayed above the vwap of 17/10 which was 25500 and is now support
  • We had a FA at 24625 on 31/10 which has completed 1 ATR of 25102 & has stayed above the 2 ATR of 25575
  • 31st October’s VWAP of 24895 & POC of 24900 will be important levels going forward

For the weekly and other swing levels of the Bank Nifty go to – https://vtrender.in/weekly-charts-market-profile-analysis-19th-to-22nd-nov-2018 and https://vtrender.in/market-profile-analysis-with-monthly-and-weekly-charts/

Daily Zones:

  • Value zones ( volume profile) are at 26032-26120-26280

Hypos / Estimates for the next session:

a) BNF hit the top of the recent composite again
b) 26460- 26480 is again a supply
c) 26260 and 26200 are now early supports along with 26120

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