Market Profile Analysis dated 31st December 2020

Nifty Jan F:  14009 [ 14053 / 13955 ]

NF did close 2020 on all time highs but has also left a FA (Failed Auction) at 14053 along with a buying tail on the downside from 13985 to 13955 leaving a Neutral Day with a prominent POC at 14026. The auction has also formed a nice 3-day composite with Value at 13985-14016-14035 and could start the new series with a move away from this balance.

Click here to view the 3-day composite in NF on MPLite

  • The NF Open was a Open Auction In Range (OAIR)
  • The Day type was a Neutral Day
  • Largest volume was traded at 14026 F
  • Vwap of the session was at 14016 with volumes of 91.2 L and range of 99 points as it made a High-Low of 14054-13955
  • NF confirmed a FA at 14054 on 31/12 and the 1 ATR objective comes to 13882.
  • The settlement day Roll Over point (Jan) is 14007
  • The VWAP & POC of Dec Series is 13528 & 13528 respectively.
  • The VWAP & POC of Nov Series is 12554 & 12862 respectively.
  • The VWAP & POC of Oct Series is 11793 & 11897 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 14002-14026-14036

HVNs – 13970


BankNifty Jan F:  31303 [ 31437 / 31150 ]

BNF ended the year 2020 with an inside bar as it remained in the A period range of 288 points all day staying below the yPOC of 31445 and has formed a 3-day composite ‘b’ shape profile with Value at 31275-31332-31427 which also has a selling tail from 31458 to 31607 so the PLR for now seems to be on the downside though needs initiative volumes for a move away from 31332 in the coming session(s).

Click here to view the 3-day composite ‘b’ shape profile in BNF on MPLite

  • The BNF Open was a Open Auction In Range (OAIR)
  • The Day type was a Normal Day (Inside Bar)
  • Largest volume was traded at 31340 F
  • Vwap of the session was at 31332 with volumes of 20.1 L and range of 288 points as it made a High-Low of 31437-31150
  • The settlement day Roll Over point (Jan) is 31389
  • The VWAP & POC of Dec Series is 30270 & 30766 respectively.
  • The VWAP & POC of Nov Series is 28104 & 29565 respectively.
  • The VWAP & POC of Oct Series is 23740 & 24468 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 31304-31340-31407

HVNs – 31410

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