Market Profile Analysis dated 2nd Mar 2020

Nifty Mar F:  11145 [ 11418 / 11024 ]

HVNs – 11290 / (11330-340) / 11580 / 11631 / 11734 / 11850 / 11945

Report to be updated…

  • The NF Open was an Open Auction In Range  (OAIR)
  • The day type was a Neutral Extreme – Down (NeuX)
  • Largest volume was traded at 11330 F
  • Vwap of the session was at 11287 with volumes of 208.2 L and range of 394 points as it made a High-Low of 11418-11024
  • The settlement day Roll Over point (Mar) is 11610
  • The VWAP & POC of Feb Series is 11944 & 12125 respectively.
  • The VWAP & POC of Jan Series is 12178 & 12132 respectively.
  • The VWAP & POC of Dec Series is 12087 & 12182 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 11270-11330-11398

Main Hypos for the next session:

a) NF needs to stay above 11175 for a rise to 11195-200 / 11230-258 / 11275-295 & 11330-343
b) The auction has immediate support at 11124 below which it could fall to 11100-090 / 11055-031 / 10985-974 & 10938

Extended Hypos:
c) Above 11343, NF can probe higher to 11370 / 11396-404 & 11424-442
d) Below 10938, the auction can move lower to 10921 / 10880 & 10857-840


BankNifty Mar F:  28885 [ 29632 / 28600 ]

HVNs – (29100) / 29270 / 29350 / 29415-455 / 29550 / 30085 / 30260 / 30385 / 30560 / 30640

Report to be updated…

  • The BNF Open was an Open Auction In Range  (OAIR)
  • The day type was a Neutral Extreme – Down (NeuX)
  • Largest volume was traded at 29435 F
  • Vwap of the session was at 29407 with volumes of 49.2 L and range of 1032 points as it made a High-Low of 29632-28600 (if we ignore the freak tick of 29648 in the opening minute)
  • The settlement day Roll Over point (Mar) is 30520
  • The VWAP & POC of Feb Series is 30692 & 30692 respectively.
  • The VWAP & POC of Jan Series is 31425 & 32104 respectively.
  • The VWAP & POC of Dec Series is 31956 & 32102 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 29365-29435-29597

Main Hypos for the next session:

a) BNF needs to sustain above 28920 for rise to 28990/ 29050-088 / 29175 / 29240-270 & 29340-365
b) The auction gets weak below 28880 and could fall to 28830-770 / 28696-648 / 28600-580 / 28537-500 & 28430-410

Extended Hypos:
c) Above 29365, BNF can probe higher to 29425-435 / 29500 / 29552-596 / 29632-680 & 29700-815/span>
d) Below 28410, lower levels of 28340-330 / 28284-250 / 28181-150 / 28083-025 & 27970 could be tagged

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