Market Profile Analysis dated 5th Apr

Nifty Apr F:

The previous day’s report mentioned ‘NF can be seen making a composite in the new series with composite Value at 11680-11766-11790 with a little bit filling needed in the 11680 to 11710 zone which it could fill today’ NF completely stayed in this composite Value today tagging both the extremes. NF opened a bit higher but inside previous day’s Value & took support at 11680 in the ‘A’ period giving an OAIR start which meant we could be having a range bound day. NF went on to make a high of 11740 in the ‘A’ period probing out of yVAH but was not able to sustain above it. The ‘B’ period then made an inside bar which gave more confirmation that we could be having a balanced profile for the rest of the day. (Click here to view the profile chart for better understanding) After the rejection from above yVAH, the auction then started probing lower completing the 80% Rule in previous day’s Value as it made a low of 11685 in the ‘E’ period stopping just above the morning lows and got back to VWAP in the ‘F’ period initiating the reverse 80% Rule as NF made a rotation back to yVAH and once again went on to probe above it matching the morning highs as it made a high of 11738 but got stalled here to make a rotation back to VWAP and the yPOC of 11710 as it got back again into previous day’s Value. The auction then continued to balance in the upper profile making a nice Gaussian profile for the day as it made a lower low of 11707 in the ‘L’ period and was looking that it may close around VWAP or dPOC when NF decided to give a spike higher as it made new highs at 11749 for the day as the ‘L’ period closed. The probe higher continued in the last 15 minutes as NF got above above PDH and then the composite POC of 11766 making a high of 11783 almost tagging the composite VAH leaving a spike of 11740 to 11783 but at the same time smoothening the composite further to make it more balanced with the POC now shifting a bit lower to be right in the middle of the profile. Spike Rules will be in play for the next session and the updated composite Value is 11685-11730-11787

Nf Compo1 4 Market Profile Analysis Dated 5Th Apr 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 Auction In Range (OAIR)
  • The day type was a Normal Day (with a spike close)
  • Largest volume was traded at 11726 F
  • Vwap of the session was at 11719 with volumes of 72.4 L in a session which traded a High-Low range of 11783-11680 for a range of 103 points
  • NF confirmed a FA at 11754 on 04/04 and tagged the 1 ATR move of 11645 the same day. This FA got tagged today as NF closed above it. If NF continues to stay above it, the 1 ATR move higher comes to 11863.
  • NF confirmed a FA at 11834 on 03/04 and tagged the 1 ATR move of 11727. The 2 ATR move down comes to 11620 and this FA is currently on ‘T+3’ days
  • NF had confirmed a FA at 11432 on 26/03 and tagged the 2 ATR move of 11632 on 27/03. This FA has not been tagged & is now strong support.
  • The settlement day Roll Over point is 11673
  • The VWAP & POC of Mar Series is 11327 & 11448 respectively.
  • The VWAP & POC of Feb Series is 10830 & 10856 respectively.
  • The VWAP & POC of Jan Series is 10795 & 10823 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 11698-11726-11736

Hypos / Estimates for the next session:

a) Staying above 11755 at open, NF can probe higher to tag 11785-790 and 11806-811
b) Below 11755, the auction can probe lower to 11740-721 and 11703-698
c) Above 11811, NF can move higher to 11828-834 and 11860-865 levels
d) Below 11698, the auction could head lower to test 11685-680 and 11657


BankNifty Apr F:

Bnf Compo1 4 Market Profile Analysis Dated 5Th Apr 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 continued the weekly trend of giving a Neutral Extreme profile, today being the 4th day of the week it did so giving a Neutral Extreme Up day confirming a spike close on all 5 days of this week. BNF opened higher today and took support around the yVAL as it made a low of 30167 in the ‘A’ period to probe higher as it tagged 30330 but could not get above the yPOC of 30350. The ‘B’ period then made an inside bar indicating that there is not much demand for the auction to probe above that HVN of 30350 as BNF made a relatively small IB of 163 points. (Click here to view the profile chart for better understanding) BNF then probed lower for the next 3 periods as went on to break below the IBL in the ‘D’ period and extended the range further down in the ‘E’ period making a low of 30069 completing the 1.5 IB extension after which the auction gave a bounce in the ‘F’ period as it made a high of 30179 tagging the yVAL but was not able to scale above it signalling that the move down is still not over as even the auction was also below VWAP. The ‘G’ period then went back lower to make a new day low of 30055 but the auction was being rejected from yesterday’s buying tail of 30100 to 30029 as this was the second time it got swiftly rejected from there indicating that those buyers were still there defending that tail. This rejection lead to a probe higher in BNF over the next 2 periods and the auction got into previous day’s Value in the ‘I’ period scaling above VWAP also as it made a high of 30242 and as expected in a narrow range day the first attempt to probe above VWAP was met with rejection and BNF got back below the IBL in the ‘J’ period to again touch the start of that buying tail as it made a low of 30093 but again was met with rejection. The auction was then balancing around VWAP building volumes at 30144 and was looking like it would close around it but the last 30 minutes saw a spike higher in BNF as the auction got above the pull back high of 30242 and went on to scale IBH and tagged that yPOC of 30350 to make a 250 point move as it made a high of 30402 to complete the sequence of Neutral Extreme Days for the week. The Neutral Extreme reference for the next session would be 30330 to 30402.

  • The BNF Open was a Open Auction In Range (OAIR)
  • The day type was a Neutral Extreme Day (Up)
  • Largest volume was traded at 30144 F
  • Vwap of the session was at 30190 with volumes of 22.5 L in a session which traded a High-Low range of 30402-30055 for a range of 347 points
  • The settlement day Roll Over point is 30500
  • The VWAP & POC of Mar Series is 29061 & 29778 respectively.
  • The VWAP & POC of Feb Series 27042 & 26978 respectively
  • The VWAP & POC of Jan Series 27236 & 27514 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 30130-30144-30314

Hypos / Estimates for the next session:

a) Staying above 30330, BNF can move higher to 30378-95 and 30464-485
b) If BNF stays below 30324 at open, it can probe lower to 30285-248 and 30163-144
c) On the upside, BNF has important references at 30495 and 30516 above which can rise further to 30580 and 30640-666
d) BNF gets weak below 30144 and can test 30093 & 30022-29999

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