Market Profile Analysis dated 29th Jul 2024

Nifty Aug F: 24910 [ 25075 / 24834 ]

Nf 14 Market Profile Analysis Dated 29Th Jul 2024 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
Market Profile Analysis dated 29th Jul 2024 3 Decode the Market
Open Type
OAOR (Open Auction)
Volumes of 35,922 contracts
Above average
Initial Balance
108 points (25033 – 24925)
Volumes of 77,412 contracts
Above average
Day Type
Neutral – 241 pts
Volumes of 2,81,192 contracts
Average

to be updated…

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

Daily Zones
  • Largest volume (POC) was traded at 24920 F and VWAP of the session was at 24951
  • Value zones (volume profile) are at 24881-24920-24988
  • HVNs are at NA** (** denotes series POC)
Weekly Zones
Monthly Zones
  • The settlement day Roll Over point (Aug 2024) is 24460
  • The VWAP & POC of Jul 2024 Series is 24443 & 24338 respectively
  • The VWAP & POC of Jun 2024 Series is 23247 & 23535 respectively
  • The VWAP & POC of May 2024 Series is 22462 & 22479 respectively
Business Areas for 30th Jul 2024
Up
24920 – POC (29 Jul)
24951 – VWAP (29 Jul)
24987 – SOC (29 Jul)
25053 – F TPO POC (29 Jul)
25103 – 1 ATR (VPOC 24859)
25150 – Weekly ATR
These levels are best actionable once we get confrimation from the OrderFlow charts
Down
24905 – M TPO low (29 Jul)
24867 – Buy tail (29 Jul)
24827 – Mid-profile tail (26 Jul)
24785 – G TPO tail (26 Jul)
24748 – TD VWAP (26 Jul)
24677 – D TPO h/b (26 Jul)
These levels are best actionable once we get confrimation from the OrderFlow charts

BankNifty Jul F: 51384 [ 52381 / 51240 ]

Bnf 13 Market Profile Analysis Dated 29Th Jul 2024 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
Market Profile Analysis dated 29th Jul 2024 4 Decode the Market
Open Type
OAOR (Open Auction)
Volumes of 17,561 contracts
Average
Initial Balance
548 points (51958 – 51410)
Volumes of 39,732 contracts
Above average
Day Type
Neutral – 1142 pts
Volumes of 1,92,011 contracts
Above average

to be updated…

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

Daily Zones
  • Largest volume (POC) was traded at 52207 F and VWAP of the session was at 51745
  • Value zones (volume profile) are at 51494-52207-52256
  • HVNs are at 52392** / 52653 / 53089 (** denotes series POC)
Weekly Zones
  • Weekly Charts can be viewed here
  • (18 – 24 Jul) – BNF made an attempt to get into previous week’s selling tail but could only manage to tag 52835 where it confirmed a weekly FA right around the RO point of 52830 indicating that the PLR was to the downside and went on to make a big trending move lower of 1914 points completing the 1 ATR objective of 51140 while making a low of 50921 leaving a Neutral Extreme Down weekly profile with completely overlapping Value at 51739-52273-52816 with the NeuX VWAP of 52008 being the immediate supply point along with the NeuX zone of 52282 which needs to be taken out for more upside in the coming week whereas on the downside, the weekly extension handle of 50700 (13-19 Jun) along with the June series VWAP of 50519 will be the support levels and a break of which could get in the lower VPOC tag of 50269
  • (11 – 16 Jul) – BNF has formed a composite ‘p’ shape normal variation profile for the week with completely inside value at 52320-52548-52668 with the VWAP at 52420 and has a responsive selling tail at top from 52721 to 52847 which will be the zone to take out for more upside in the coming week
  • (04 – 10 Jul) – BNF opened the week with new ATH of 53301 but could not sustain forming a Normal Variation profile to the downside breaking below the important support of 52793 and tested previous week’s responsive tail as it made a low of 52205 holding just above the buy side level of 52190 leaving a composite ‘b’ shape kind of a profile with mostly lower Value at 52300-52631-52777 with the VWAP at 52622
  • (27 Jun -03 Jul) – BNF has formed a Neutral Centre weekly profile taking support at previous week’s VWAP of 52306 where it left a responsive buying tail and went on to make new ATH of 53249 on the last day before closing right at the POC of 53089. This week’s Value was overlapping to higher at 52630-53089-53194 with the VWAP at 52793 which will be an important support for the coming week
Monthly Zones
  • The settlement day Roll Over point (July 2024) is 52830
  • The VWAP & POC of Jun 2024 Series is 50519 & 49947 respectively
  • The VWAP & POC of May 2024 Series is 48300 & 47726 respectively
  • The VWAP & POC of Apr 2024 Series is 47971 & 47994 respectively
Business Areas for 30th Jul 2024
Up
51429 – L TPO VWAP (29 Jul)
51565 – PBH (29 Jul)
51745 – VWAP (29 Jul)
51820 – HVN (29 Jul)
51958 – SOC (29 Jul)
52064 – D TPO h/b (29 Jul)
Down
51345 – M TPO low (29 Jul)
51230 – VPOC (26 Jul)
51113 – Ext Handle (26 Jul)
51004 – HVN (26 Jul)
50873 – D TPO VWAP (26 Jul)
50750 – SOC (26 Jul)

You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.