Market Profile Analysis dated 27th March 2024

Nifty Mar F: 22167 [ 22210 / 22081 ]

Nf 14 Market Profile Analysis Dated 27Th March 2024 Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Srategies, Market Profile, Market Profile Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Technical Analysis, Trading Strategies, Volume Profile Trading
Market Profile Analysis dated 27th March 2024 4 Decode the Market
Open Type
OAIR (Open Auction In Range)
Volumes of 11,052 contracts
Average
Initial Balance
129 points (22210 – 22081)
Volumes of 34,491 contracts
Average
Day Type
Normal – 129 pts
Volumes of 1,18,439 contracts
Below average

NF opened with a move away from the 3-day balance leaving an A period buying tail but could not extend post the Initial Balance and ended up forming a narrow range Normal Day and a ‘p’ shape profile but with completely higher value so will need to get fresh demand above today’s VWAP & POC to continue the probe to the upside.

Click here to view the latest profile in NF on Vtrender Charts

Daily Zones
  • Largest volume (POC) was traded at 22188 F and VWAP of the session was at 22173
  • Value zones (volume profile) are at 22171-22188-22204
  • HVNs are at 22118** / 22393 / 22443 / 22497 / 22596 (** denotes series POC)
Weekly Zones
  • Weekly Charts can be viewed here
  • (15-21 Mar) – NF has formed a Neutral Centre weekly profile with completely lower Value at 21951-22077-22215 which also represents a Double Distribution with a failed RE on the upside at 22219 which resulted in a test of the weekly & daily VPOCs of 21900 (09-15 Feb) & 21799 (14-Feb)respectively from where it gave a good bounce back to 22149 into the closing day. This week’s prominent POC of 22077 & VWAP of 22032 would be the levels which will need to hold for a probable move higher towards previous week’s VWAP of 22316 & VPOC of 22442 in the final weekly settlement of this series
  • (08-14 Mar) – NF has formed a Double Distribution Trend Down profile on the weekly as it left an initiative selling tail at previous week’s VAH and went on to probe lower swiping through the Value Areas of last couple of weeks tagging the 23-29 Feb’s VPOC of 22113 and made a low of 22025 taking support just above the daily FA of 22022 from 29th Feb. Value for the week was overlapping on both sides at 22286-22442-22593 with the VWAP at 22316 which will be the immediate supply point for the new week
  • (01-07 Mar) – NF opened the week with an initiative probe to the upside right from the Mar RO point of 22188 as it left a buying tail from 22259 to 22180 and went on to record similar highs of 22547 & 22545 triggering a round of profit booking as it made a retracement down to 22322 taking support just above previous week’s VAH of 22293 and saw demand coming back resulting in a fresh imbalance and new ATH of 22620 but lack of fresh buying led to another round of profit booking as the auction came down to 22526 before closing the week at 22552 leaving a Normal Variation profile with completely higher Value at 22335-22443-22551 with the VWAP at 22452.
Monthly Zones
  • The settlement day Roll Over point (March 2024) is 22188
  • The VWAP & POC of Feb 2024 Series is 21956 & 21930 respectively
  • The VWAP & POC of Jan 2024 Series is 21581 & 21635 respectively
  • The VWAP & POC of Dec 2023 Series is 21226 & 21377 respectively
Business Areas for 28th Mar 2024
Up
22173 – VWAP (27 Mar)
22209 – Sell tail (27 Mar)
22266 – VPOC (14 Mar)
22301 – G TPO VWAP (14 Mar)
22353 – HVN (13 Mar)
22408 – C TPO VWAP (13 Mar)
These levels are best actionable once we get confrimation from the OrderFlow charts
Down
22154 – 3-day VAH (21-26 Mar)
22098 – 3-day POC (21-26 Mar)
22060 – 3-day VAL (21-26 Mar)
22006 – A TPO POC (22 Mar)
21968 – 2-day VAH (19-20 Mar)
21915 – M TPO POC (20 Mar)
These levels are best actionable once we get confrimation from the OrderFlow charts
Spot Hypos for 28th Mar 2024 (Monthly Expiry)
Up
22134 – M TPO h/b
22175 – K TPO h/b
22224 – EH (13 Mar)
22260 – EH (13 Mar)
22302 – SOC (13 Mar)
22344 – Sell Tail (13 Mar)
Down
22123 – 27 Mar h/b
22088 – A TPO h/b
22050 – VPOC (26 Mar)
22002 – 3D_VPOC (21-26 Mar)
21947 – Weekly IBL
21890 – 2D_VAH (19-20 Mar)

BankNifty Apr F: 47224 [ 47370 / 47120 ]

Bnf 14 Market Profile Analysis Dated 27Th March 2024 Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Srategies, Market Profile, Market Profile Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Technical Analysis, Trading Strategies, Volume Profile Trading
Market Profile Analysis dated 27th March 2024 5 Decode the Market
Open Type
OAIR (Open Auction In Range )
Volumes of 5,335 contracts
Poor
Initial Balance
235 points (47355 – 47120)
Volumes of 23,965 contracts
Poor
Day Type
Normal – 250 points
Volumes of 1,22,083 contracts
Below average

to be updated…

Click here to view the latest profile in BNF on Vtrender Charts

Bnf 4Db 1 Market Profile Analysis Dated 27Th March 2024 Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Srategies, Market Profile, Market Profile Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Technical Analysis, Trading Strategies, Volume Profile Trading
Market Profile Analysis dated 27th March 2024 6 Decode the Market
Daily Zones
  • Largest volume (POC) was traded at 47192 F and VWAP of the session was at 47229
  • Value zones (volume profile) are at 47168-47192-472606
  • HVNs are at NA (** denotes series POC)
Weekly Zones
Monthly Zones
  • The settlement day Roll Over point (March 2024) is 46610
  • The VWAP & POC of Feb 2024 Series is 46119 & 45700 respectively
  • The VWAP & POC of Jan 2024 Series is 46353 & 48119 respectively
  • The VWAP & POC of Dec 2023 Series is 47337 & 47918 respectively
Spot Hypos for 28th Mar 2024
Up
46851 – 4-day VAH (21-27 Mar)
46990 – FA (21 Mar)
47087 – SOC (14 Mar)
47215 – Sell tail (14 Mar)
47369 – C TPO h/b (13 Mar)
47468 – FA (13 Mar)
Down
46788 – POC (27 Mar)
46634 – VPOC (26 Mar)
46529 – Swing Low (26 Mar)
46422 – 4-day VPOC (15-20 Mar)
46334 – 1 ATR (FA 46990)
46200 – 4-day aly (15-20 Mar)