Market Profile Analysis dated 30th June 2020

Nifty Jul F:  10240 [ 10344 / 10185 ]
HVNs – 10190 / 10284 / 10475

Click here to view the MP Lite chart of the 4-day composite in NF with Value at 10221-10282-10320

  • The NF Open was a Open Auction Out of Range  (OAOR)
  • The day type was a Normal Variation Day – Down (4 IB Down Day)
  • Largest volume was traded at 10252 F
  • Vwap of the session was at 10278 with volumes of 153.7 L and range of 159 points as it made a High-Low of 10344-10185
  • NF confirmed a FA at 10156 on 25/06 and the 1 ATR target on upside comes to 10381. This FA was tagged on 29/06 but was not broken so is still a valid reference.
  • NF confirmed a FA at 10172 on 29/06 and the 1 ATR target on upside comes to 10395.
  • NF confirmed a FA at 10516 on 24/06 and completed the 1 ATR objective of 10299 on the same day. The 2 ATR target comes to 10081.
  • The 24th June Trend Day VWAPs of 10403 would be important supply point.
  • The 18th June Trend Day VWAP of 9957 would be important support level.
  • The settlement day Roll Over point (Jul) is 10240
  • The VWAP & POC of Jun Series is 10110 & 10110 respectively.
  • The VWAP & POC of May Series is 9183 & 9109 respectively.
  • The VWAP & POC of Apr Series is 8999 & 9010 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 10187-10252-10296

Main Hypos for 01.07.2020:

a) NF needs to stay above 10260 for a rise to 10284-290 / 10320 / 10343-374 / 10395-*403* & 10435-460
b) The auction below 10237 can test lower levels of 10216-195 / 10172-145 / 10104 / 10081 & 10032

Extended Hypos:
c)Above 10460, NF can probe higher to 10489 / 10516-544* / 10576 / 10606-619 & 10655
d) If 10032 is taken out, NF could fall to 9992-*57* / 9906 / 9867* & 9825


BankNifty Jul F:  21214 [ 21553 / 21036 ]

HVNs – 21000 / 21294 / 21430 / 21760 / 22250

Click here to view the MP Lite chart of the 4-day composite in BNF with Value at 21117-21414-21555

  • The BNF Open was a Open Auction Out of Range (OAOR) 
  • The day type was a Normal Variation Day (3 IB Down Day)
  • Largest volume was traded at 21378 F
  • Vwap of the session was at 21320 with volumes of 69.1 L and range of 517 points as it made a High-Low of 21326-20886
  • NF confirmed a FA at 20901 on 29/06 and the 1 ATR target on upside comes to 21763.
  • The 24th June Trend Day VWAPs of 21887 would be important supply point.
  • The 18th June Trend Day VWAPs of 20494 would be important support level.
  • The settlement day Roll Over point (Jul) is 21430
  • The VWAP & POC of Jun Series is 20918 & 21000 respectively.
  • The VWAP & POC of May Series is 18767 & 19633 respectively.
  • The VWAP & POC of Apr Series is 19605 & 19710 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 21228-21378-21482

Main Hypos for 01.07.2020:

a) BNF needs to sustain above 21265 for a rise to 21320-414 / 21480-498 / 21550-606 / 21690-760* / 21839-888 & 21965-980
b) The auction accepting below 21228 could test 21168-120 / 21000* / 20901 / 20784-704 / 20616 & 20525-484

Extended Hypos:
c) If 21980 is taken out, BNF could start a fresh probe to 22085-130 / 22260 / 22365 / 22420-490 & 22560-650
d) Breaking below 20484, there could be a fall to 20396-300* / 20200 / 20139*-040 / 19975 & 19853

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