Market Profile Analysis dated 3rd January 2020

Nifty Jan F:  12256 [ 12304/ 12223 ]  

HVNs – (11946-964) / 11994 / 12042 / 12130 / 12160 / 12193 / (12249-260) / 12327

Report to be updated…

  • The NF Open was an Open Test Drive – Down (OTD)
  • The day type was a Normal Variation Day – Down  (NV)
  • Largest volume was traded at 12260 F
  • Vwap of the session was at 12257 with volumes of 97.1 L and range of 81 points as it made a High-Low of 12304-12223
  • The settlement day Roll Over point (Jan) is 12193
  • 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 12241-12260-12276

Hypos / Estimates for the next session:

a) NF needs to sustain above 12260-265 for a move to 12282-290 / 12310 & 12327*
b) Immediate support is at 12245-234 below which the auction could fall to 12220 / 12204 & 12190
c) Above 12327, NF can probe higher to 12348-352 / 12368 & 12384-395
d) Below 12190, auction could probe lower to 12173-162 / 12147-144 & 12126-122
e) If 12395 is taken out, the auction go up to to 12414-420 / 12437 & 12460
f) Break of 12122 can trigger a move lower to 12101 / 12078-67 & 12042*


BankNifty Jan F:  32161 [ 32489 / 32060 ]

HVNs – 32160 / 32210 / 32380 / (32420) / 32550-565

Report to be updated…

  • The BNF Open was an Open Test Drive – Down (OTD)
  • The day type was a Normal Variation Day – Down  (NV)
  • Largest volume was traded at 32160 F
  • Vwap of the session was at 32198 with volumes of 32.2 L and range of 429 points as it made a High-Low of 32489-32060
  • BNF confirmed a FA at 32774 on 30/12 and tagged the 2 ATR target of 32142 on 03/01. This FA is currently on ‘T+5‘ Days.
  • The settlement day Roll Over point (Jan) is 32180
  • 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 32075-32160-32259

Hypos / Estimates for the next session:

a) BNF needs to sustain above 32160 for a rise to 32208-224 / 32271-275 & 32329-336
b) Stating below 32160 at open, the auction could test 32095-75 / 32028 & 31976
c) Above 32336, BNF can probe higher to 32376 / 32426 & 32490
d) Below 31976, lower levels of 31925-900 / 31840 & 31780 could be tagged
e) If 32490 is taken out, BNF can give a fresh move up to 32550-565 / 32622-634 & 32712
f) Break of 31780 could trigger a move down to 31729 / 31680 & 31620-615
g) Below 31615, BNF could fall further to 31563-548 / 31470-465 / 31400 & 31336-319*

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