Market Profile Analysis dated 5th Feb 2020

Nifty Feb F:  12086 [ 12104 / 11942 ]

HVNs – 11635 / 11685 / (11803) / 11932 / 11965-978 / 12012 / 12080

Previous day’s report ended with this ‘Acceptance Value for the day was higher with a gap so acceptance above 11970 in the coming session could see the higher VPOC of 12024 & the HVNs of 12055 & 12078 getting tagged

Report to be updated…

  • The NF Open was an Open Test Drive – Up  (OTD) on low volumes
  • The day type was a Normal Variation Day – Up (with a spike close)
  • Largest volume was traded at 12080 F
  • Vwap of the session was at 12015 with volumes of 105.8 L and range of 162 points as it made a High-Low of 12104-11942
  • NF confirmed the first FA of the new series at 12020 on 01/02  and tagged the 2 ATR objective of 11817 on the same day. This FA was tagged on 05/02 which was the ‘T+4‘ Day.
  • The 20th Jan Trend Day VWAP of 12336 remains positional supply point.
  • The settlement day Roll Over point (Feb) is 12044
  • The VWAP & POC of Jan Series is 12178 & 12132 respectively.
  • The VWAP & POC of Dec Series is 12087 & 12182 respectively.
  • The VWAP & POC of Nov Series is 11954 & 11910 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 11997-12004-12099

Hypos / Estimates for the next session:

a) NF needs to sustain above 12102 for a move to 12120-130 / 12146-159 & 12173-189
b) Staying below 12080, the auction could test lower levels of 12063-060 / 12043-028 / 12012-003 & 11982
c) Above 12189, NF can probe higher to 12210-215 / 12230 & 12258
d) Below 11982 auction gets weak for a test of 11960-954 / 11932-922 & 11904
e) If 12258 is taken out, the auction go up to to 12275 / 12297-309 & 12336
f) Break of 11904 can trigger a move lower to 11888-881 / 11864-862 & 11826


BankNifty Feb F:  31050 [ 31116 / 30631 ]

HVNs – 29900 / (30040) / (30150) / 30355 / 30720 / 30800 / 30870 / 31050

Report to be updated…

  • The BNF Open was an Open Test Drive – Up  (OTD) on low volumes
  • The day type was a Neutral Extreme Day – Up (NeuX)
  • Largest volume was traded at 31050 F
  • Vwap of the session was at 30852 with volumes of 36.7 L and range of 485 points as it made a High-Low of 31116-30631
  • BNF confirmed the third FA of this series in 5 sessions at 30631 on 05/02  and tagged the 1 ATR objective of 31116 on the same day. The 2 ATR move from this FA comes to 31600
  • BNF confirmed the second FA of this series at 30990 on 01/02  and tagged the 2 ATR objective of 30217 on the same day. This FA was tagged on 05/02 which was the ‘T+4‘th Day.
  • BNF confirmed the first FA of the new series at 31126 on 31/01  and tagged the 2 ATR objective of 30345 on 01/02. This FA is currently on ‘T+5‘ Days.
  • The 20th Jan Trend Day VWAP of 31500 remains positional supply point.
  • The settlement day Roll Over point (Feb) is 30726
  • The VWAP & POC of Jan Series is 31425 & 32104 respectively.
  • The VWAP & POC of Dec Series is 31956 & 32102 respectively.
  • The VWAP & POC of Nov Series is 30699 & 31100 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 30697-30850-30965

Hypos / Estimates for the next session:

a) BNF needs to sustain above 31072 for a rise to 31116-126 / 31190-200 & 31250-285
b) Staying below 31050, the auction could test 30990-950 / 30870-855 & 30800
c) Above 31285, BNF can probe higher to 31330-383 / 31447 & 31500-515
d) Below 30800, lower levels of 30720 / 30675-645 & 30616-585 could be tagged
e) If 31515 is taken out, BNF can give a fresh move up to 31565-601 / 31650-720 & 31775-850
f) Break of 30585 could trigger a move down to 30500-475 / 30410-388 / 30328-313 & 30285-237

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