Market Profile Analysis dated 29th October

Market Profile Analysis dated 29th October 1

Nifty Oct F: 11795 [ 11824/ 11637 ]

HVNs – 11605 / (11651) / (11715) / 11767 / 11793 / 11803

Report to be updated…

(Click here to view the NF moving away from the composite Gaussian profile)

Market Profile Analysis dated 29th October 2

  • The NF Open was an Open Auction Out of Range (OAOR)
  • The day type was a Trend Day – Up
  • Largest volume was traded at 11803 F
  • Vwap of the session was at 11752 with volumes of 134.5 L and range of 187 points as it made a High-Low of 11824-11637
  • NF confirmed a multi-day FA at 11420 on 16/10 and completed the 2 ATR move up of 11731. This FA has not been tagged since & hence is now positional support
  • NF confirmed a FA at 11458 on 17/10 and completed the 1 ATR move up of 11763. This FA has not been tagged since & hence is now positional support
  • NF confirmed a FA at 11113 on 09/10 and completed the 2 ATR move up of 11505.  This FA has not been tagged since & hence is now positional support
  • The Trend Day VWAP of 29/10 at 11752 will be important reference on the downside.
  • The higher Trend Day VWAP of 05/07 at 11965 is an important reference higher.
  • The settlement day Roll Over point (Oct) is 11630
  • The VWAP & POC of Sep Series is 11127 & 10960 respectively.
  • The VWAP & POC of Aug Series is 10966 & 10984 respectively.
  • The VWAP & POC of Jul Series is 11575 & 11547 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 11722-11803-11822

Hypos / Estimates for the next session:

a) NF needs to sustain above 11814-822 for a rise to 11842-849 / 11863 / 11894-897
b) Immediate support is at 11790-785 below which the auction could test 11765-751 / 11729-722 & 11705
c) Above 11897, NF can probe higher to 11908-917 / 11937-942 & 11960
d) Below 11705, auction becomes weak for 11676 / 11655 & 11637
e) If 11960 is taken out, the auction go up to to 11978-983 / 11994-12009 & 12026
f) Break of 11637 can trigger a move lower to 11622-619 / 11605* & 11590-580


BankNifty Oct F: 29900 [ 30040 / 29355 ] ) ] 

HVNs – 28025 / 28130 / 28330 / 28430 / 28625 / (29020) / 29200 / 29496 / 29580 / 29900

(Click here to view BNF entry into the 5-day composite of 23rd to 27th Sep)

Market Profile Analysis dated 29th October 3

Report to be updated…

  • The BNF Open was an Open Rejection Reverse – Up(ORR)
  • The day type was a Double Distribution Trend Day – Up
  • Largest volume was traded at 29900 F
  • Vwap of the session was at 29798 with volumes of 36.8 L and range of 685 points as it made a High-Low of 30040-29355
  • BNF confirmed a FA at 27774 on 09/10 and completed the 2 ATR move up of 29653 on 22/10. This FA has not been tagged since & hence is now positional support
  • The Trend Day VWAP of 29/10 at 29798 will be important reference on the downside.
  • The higher Trend Day VWAP of 08/07 at 30995 remains important reference going forward
  • The settlement day Roll Over point (Oct) is 30230
  • The VWAP & POC of Sep Series is 28416 & 27160 respectively.
  • The VWAP & POC of August Series 27858 & 27960 respectively
  • The VWAP & POC of Jul Series is 30425 & 30586 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 29659-29900-30029

Hypos / Estimates for the next session:

a) BNF needs to stay above 29900 for a rise to 29975-30025 / *30077-90* & 30140-175
b) Sustaining below 29900-870, the auction gets weak for a test of 29820-798 / 29720-680 & 29620-580
c) Above 30175, BNF can probe higher to 30216-269 / 30310 & 30382-396
d) Below 29580, lower levels of 29504-496 / 29430 & 29355-330 could come into play
e) If 30396 is taken out, BNF can give a fresh move up to 30442 / 30480-500 & 30565-600
f) Break of 29330 could trigger a move down 29285 / 29230-200 & 29145-090

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