Market Profile Analysis dated 3rd Dec

Nifty Dec F:

NF made yet another gap up (for the 4th consecutive day) but again there was no demand at these new highs & after making a high of 10974 at open it got back into the previous day range giving an Open Rejection Reverse start leaving a selling tail outside of previous week in the ‘A’ period which showed presence of responsive sellers. It looked to take support just above yVAH but the bounce from there got promptly rejected just below the previous day highs which meant the morning seller is still there & the PLR is still down. This resulted in NF trending lower and as expected the ORR broke into the previous day Value & ran through it fully making a low of 10871 which is incidentally also the highest rollover point of expiry day (10873) from where it reversed getting above VWAP & giving a pullback high of 10933. It then went on to make a low of 10892 before closing around the dPOC giving a nice 2-day bell with Value of 10890-10935 with a small tail at top so we will need to see if it continues to build Value inside this or gives a move away from here.

Nf Compo1 1 Market Profile Analysis Dated 3Rd Dec Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Strategies, Market Profile, Market Profile Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Technical Analysis, Trading Strategies, Volume Profile Trading

    • The NF Open was a Open Rejection Reverse (Down)
    • The day type was a Normal Variation Day (‘b’ profile)
    • Largest volume was traded at 10928 F
    • Vwap of the session was at 10911 with volumes of 78.9 L in a session which traded a High-Low range of 10974-10871 for 103 points 
    • NF tagged the 2 ATR target of 10857 from the FA of 10625 on 27/11 and is currently on T+4 days
    • The VWAP & POC of Nov Series 10480 & 10580 respectively
    • The VWAP & POC of 31/10 10250 & 10248 will be important levels going forward

For the latest weekly and other swing levels of the Nifty go to https://vtrender.in/monthly-nov-and-weekly-charts-26th-to-30th-nov-market-profile-analysis/

Daily Zones:

    • Value zones (volume profile) are at 10900-10928-10941

Hypos / Estimates for the next session:

a) The Auction saw supply today coming around 10940-10950 F
b) The Responsive Buyers are still holding 10873- 10850
c) Bias would be down below 10920 for 10870 and 10830
d) Above 10960 can move to 10998 and 11026


BankNifty Dec F:

Bnf Compo1 1 Market Profile Analysis Dated 3Rd Dec Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Strategies, Market Profile, Market Profile Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Technical Analysis, Trading Strategies, Volume Profile Trading

BNF also gave a 130+ point gap up making new highs at 27065 but could not sustain above previous day highs & confirmed the ORR and the previous day profile being a balanced one there was good chance of the 80% rule playing out today which it did making a low of 26883. BNF made another prominent POC today at 26960 with another narrow range day which was mostly inside the previous day range giving a nice 2-day bell with Value 26900-26975 with a small tail at 27018-27065 and like the NF will need to watch if it continues to build Value here or gives a move away in the coming sessions.

  • The NF Open was a Open Rejection Reverse (Down)
  • The day type was a Normal Variation Day
  • Largest volume was traded at 26960 F
  • Vwap of the session was at 26952 with volumes of 19.8 L in a session which traded a High-Low range of 27065-26883 for 182 points
  • BNF negated the FA of 26629 it made on 28/11 and tagged the 1 ATR target up of 26910. The 2 ATR move from that failed FA comes to 27191.
  • BNF had left a FA on 27/11 at 26340 and tagged the 2 ATR target of 26902 today & is currently on T+3 days
  • BNF has stayed above the vwap of 17/10 which was 25500 and is now support
  • We had a FA at 24625 on 31/10 which has completed 1 ATR of 25102 & has stayed above the 2 ATR of 25575
  • The VWAP & POC of Nov Series 25686 & 26218 (Spot) respectively
  • 31st October’s VWAP of 24895 & POC of 24900 will be important levels going forward

For the Monthly & Weekly Analysis and Charts of the Bank Nifty go to – https://vtrender.in/monthly-nov-and-weekly-charts-26th-to-30th-nov-market-profile-analysis/

Daily Zones:

  • Value zones ( volume profile) are at 26935-26960-26995

Hypos / Estimates for the next session:

a) The BNF also saw RB (Responsive Buying) at 26915 and 26885
b) 26980 and 27000 has some supply
c) Upsides above 26860 can stretch to 27111 and 27200
d) Would be weak if auction stays below 26960 F tom

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