Market Profile Analysis dated 29th Jan 2020

Nifty Jan F:  12121 [ 12182 / 12095 ]

HVNs – (11946-964) / 11994 / 12040 / 12062 / 12120 / 12153 / 12189 / 12244 / 11272 / 12305

NF opened with a gap up leaving a buying tail from 12105 to 12068 and made an attempt to tag the VPOC of 12189 as it fell just short of it and ended up as a Neutral Day with Value completely inside previous day’s Value forming a nice 2 day balance so could give a move away from this composite of 12114-12123-12162 in the coming session(s).

Nf Compo1 20 Market Profile Analysis Dated 29Th Jan 2020 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 an Open Auction In Range  (OAIR)
  • The day type was a Neutral Day (NeuD)
  • Largest volume was traded at 12119 F
  • Vwap of the session was at 12142 with volumes of 107.6 L and range of 87 points as it made a High-Low of 12182-12095
  • NF confirmed a FA at 12319 on 15/01  and tagged the 1 ATR target of 12415 on 20/1. This FA was negated on 20/01 and the 2 ATR move down of 12127 got tagged on 22/01.
  • The 20th Jan Trend Day VWAP of 12308 would be important supply point.
  • The settlement day Roll Over point (Jan) is 12193
  • The VWAP & POC of Dec Series is 12087 & 12182 respectively.
  • The VWAP & POC of Nov Series is 11954 & 11910 respectively.
  • The VWAP & POC of Oct Series is 11461 & 11365 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 12118-12119-12158 

Hypos / Estimates for the next session:

a) NF needs to sustain above 12123 for a rise to 12142 / 12162-168 & 12189-196
b) Immediate support is at 12114 below which the auction could fall to 12095 & 12076-068
c) Above 12196, NF can probe higher to 12213 & 12239-244
d) Below 12068 auction gets weak for a test of 12035-023 & 12005-11996
e) If 12244 is taken out, the auction go up to to 12268-272 & 12296-308
f) Break of 11996 can trigger a move lower to 11974 / 11956 & 11930-926

Nifty SPOT Hypos for rest of the week:

A) Nifty needs to get above 12156 and sustain for a move to 12194-211 & 12230-266
B) Immediate support is at 12103-100 below which the auction could test 12055-46 & 12002-11991
C) Above 12266, Nifty can probe higher to 12295 / 12322-340 & 12377
D) Below 11991, lower levels of 11955-936 & 11881 could come into play
E) If 12377 is taken out, Nifty can have a fresh leg up to 12395-400 / 12433 & 12458-485
F) Break of 11881 could bring lower levels of 11856-836 & 11794-772


BankNifty Jan F:  30905 [ 31109 / 30866 ]

HVNs – 30800 / 30930 / 31030 / 31175 / 31326 / 31455 / 31525 / 31770

Bnf Compo1 20 Market Profile Analysis Dated 29Th Jan 2020 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 has formed a nice 3-day Gaussian profile with Value at 30880-30955-31073 so will need to see if it gives a move away from this balance on the expiry day or continues to remain inside this.

  • The BNF Open was an Open Auction In Range  (OAIR)
  • The day type was a Neutral Day (NeuD)
  • Largest volume was traded at 30930 F
  • Vwap of the session was at 31003 with volumes of 30.4 L and range of 243 points as it made a High-Low of 31109-30866
  • BNF confirmed a FA at 31240 on 27/01  and tagged the 1 ATR of 30782 on 28/01. The 2 ATR objective from this FA comes to 30325.
  • BNF confirmed a FA at 31070 on 28/01  and the 1 ATR target comes to 30636. This FA got tagged on 29/01 but the auction could not sustain above it.
  • BNF confirmed a multi-day FA at 32260 on 14/01  and tagged the 2 ATR target of 31507 on 20/01. This FA has not been tagged and is now positional resistance.
  • BNF confirmed a FA at 32774 on 30/12 and tagged the 2 ATR target of 32142 on 03/01. This FA has not been tagged and is now positional resistance.
  • The 20th Jan Trend Day VWAP of 31396 would be important supply point. This was taken out on 24/01 briefly but closed below it indicating supply still prevalent in this zone.
  • The settlement day Roll Over point (Jan) is 32180
  • The VWAP & POC of Dec Series is 31956 & 32102 respectively.
  • The VWAP & POC of Nov Series is 30699 & 31100 respectively.
  • The VWAP & POC of Oct Series is 28784 & 28415 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 30950-30930-31099/strong>

Hypos / Estimates for the next session:

a) BNF needs to sustain above 30930 for a rise to 30990 / 31030-046 & 31101
b) Immediate support is at 30880 below which the auction could test 30825-800 / 30744 & 30679
c) Above 31101, BNF can probe higher to 31150-200 / 31265-285 & 31326
d) Below 30679, lower levels of 30625 / 30580-560 & 30500 could be tagged
e) If 31326 is taken out, BNF can give a fresh move up to 31396-403 / 31455-480 & 31517-525
f) Break of 30500 could trigger a move down to 30435-430 / 30350-325 & 30281-260

BankNifty SPOT Hypos for rest of the week:

A) BankNifty needs to sustain above 30890-923 for a move to 30972 / 31026-065 & 31115-153
B) Immediate support is at 30863-840 below which the auction could test 30761-729 / 30660 & 30602
C) Above 31153, BankNifty can probe higher to 31227-246* & 31330
D) Below 30602, lower levels of 30550-538 / 30450 & 30364 could come into play
E) If 31330 is taken out, BankNifty could rise to 31403*-418 / 31488 & 31531
F) Break of 30364 could trigger a move lower to 30302-277 / 30235-204* & 30105-090

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