Market Profile Analysis dated 30th Jan 2020

Nifty Feb F:  12060 [ 12139 / 12035 ]

HVNs – 11980 / 12055 / 12078 / 12160 / 12230 / 12310 / 12395

NF did move away from the 2-day balance to once again form lower Value leaving a ‘b’ shape profile for the day so the dPOC of 12055 will be the important reference in the coming session.

  • The NF Open was an Open Drive – Down  (OD) on lower volumes
  • The day type was a Normal Variation Day (NV) ‘b’ shape profile
  • Largest volume was traded at 12055 F
  • Vwap of the session was at 12074 with volumes of 109 L and range of 111 points as it made a High-Low of 12146-12035
  • The 20th Jan Trend Day VWAP of 12336 would be important supply point.
  • The settlement day Roll Over point (Feb) is 12044
  • 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 12038-12055-12084 

Hypos / Estimates for the next session:

a) Staying above 12055, NF could rise to 12078-083 / 12110 & 12130
b) Immediate support is at 12044 below which the auction could fall to 12021 / 12009 & 11979-973
c) Above 12130, NF can probe higher to 12153-159 / 12175 & 12189-195
d) Below 11973 auction gets weak for a test of 11956-949 / 11931 & 11904
e) If 12195 is taken out, the auction go up to to 12210-215 / 12230 & 12258
f) Break of 11904 can trigger a move lower to 11886 / 11869 & 11850

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 Feb F:  30768 [ 30947 / 30622 ]

HVNs – 30726 / (31070-115) / 31440 / 32260

BNF also moved lower from the 3-day composite leaving a ‘b’ shape profile & similar to NF, the DPOC of 30726 will be the important reference in the coming session.

  • The BNF Open was an Open Drive – Down  (OD) on lower volumes
  • The day type was a Normal Variation Day (NV) ‘b’ shape profile
  • Largest volume was traded at 30724 F
  • Vwap of the session was at 30725 with volumes of 15.9 L and range of 325 points as it made a High-Low of 30947-30622
  • The 20th Jan Trend Day VWAP of 31500 would be important supply point.
  • The settlement day Roll Over point (Feb) is 30726
  • 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 30680-30726-30797

Hypos / Estimates for the next session:

a) BNF has immediate supply at 30803 above which it could rise to 30851-880 / 30925 & 30966-992
b) The auction gets weak below 30724 for a test of 30661 / 30610 & 30560
c) Above 30992, BNF can probe higher to 31050-070 / 31115-144 & 31190-201
d) Below 30560, lower levels of 30500 / 30448-432 & 30350-335 could be tagged
e) If 31201 is taken out, BNF can give a fresh move up to 31250-285 / 31330 & 31383
f) Break of 30335 could trigger a move down to 30280 / 30201 & 30150-131

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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