Market Profile Analysis dated 26th November 2020

Nifty Dec F:  13022 [ 13052 / 12836 ]

NF opened in the lower most distribution of the previous Triple Distribution Trend Day’s profile and even tested the FA of 12846 it had left on 23rd Nov as it made lows of 12835 in the IB (Initial Balance) but could not extend further down as it began to balance forming a ‘b’ shape profile building volumes at 12890 till the ‘G’ period. The auction then got into the morning selling tail in the ‘H’ period after followed by a RE (Range Extension) higher in the ‘J’ period as NF spiked higher into the close and went on to tag the Trend Day POC of 13039 while making highs of 13052. Spike rules will be in play for the next open & the zone to watch would be 12994 to 13052.

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 with a spike close)
  • Largest volume was traded at 12893 F
  • Vwap of the session was at 12917 with volumes of 102.7 L and range of 217 points as it made a High-Low of 13052-12836
  • The settlement day Roll Over point (Dec) is 12974
  • The VWAP & POC of Nov Series is 12530 & 12862 respectively.
  • The VWAP & POC of Oct Series is 11793 & 11897 respectively.
  • The VWAP & POC of Sep Series is 11353 & 11560 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 12842-12893-12964

HVNs – 13084


BankNifty Dec F: 29589 [ 29678 / 29000 ]

BNF continued the imbalance of previous day as it probed lower in the IB taking support just above the VPOC of 29022 and started to coil forming a ‘b’ shape profile and confirmed a FA at lows when it made an attempt to probe lower in the F period where it made new lows of 29000 but was swiftly rejected. The auction then probed higher in the second half of the day completing the 1 ATR objective of 29677 to the dot leaving a Neutral Extreme Profile with the reference for the next open at 29556 to 29678.

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 Neutral Extreme Day – Up (NeuX)
  • Largest volume was traded at 29625 F
  • Vwap of the session was at 29303 with volumes of 33.7 L and range of 678 points as it made a High-Low of 29678-29000
  • BNF confirmed a FA at 29000 on 26/11 and tagged the 1 ATR objective of 29677 on the same day. The 2 ATR target comes to 30355.
  • The settlement day Roll Over point (Dec) is 29629
  • The VWAP & POC of Nov Series is 28014 & 28967 respectively.
  • The VWAP & POC of Oct Series is 23740 & 24468 respectively.
  • The VWAP & POC of Sep Series is 22320 & 22320 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 29203-29625-29424

HVNs – 30100

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