Market Profile Analysis dated 5th November

Market Profile Analysis dated 5th November 1

Nifty Nov F: 11956 [ 11997/ 11901 ]

HVNs – 11667 / 11814 / 11860 / 11905 / 11958

NF opened higher but got rejected at previous day’s VAH as it made a high of 11997 in the opening minutes after which it made completed the 80% Rule in previous day’s Value in the A period itself and made a similar IB range of 46 points while making a low of 11951. The auction then stayed inside the ‘A’ period making a slow probe higher as it tagged 11985 in the ‘D’ period which was also the previous week’s high and got promptly rejected from here after which it made a OTF (One Time Frame) move lower till the ‘I’ period completing the 2 IB range extension down while making a low of 11901 (which was also the weekly POC) which held. NF then got back to VWAP & the dPOC of 11957 towards close to give a balanced profile for the day. This balanced daily profile is also a part of the 4-day Gaussian profile in NF which looks like is getting completed & expect an imbalance to start in the coming session(s).

(Click here to view the 4-day Gaussian profile in NF)

Market Profile Analysis dated 5th November 2

  • The NF Open was an Open Auction In Range (OAIR)
  • The day type was a Normal Variation Day – Down
  • Largest volume was traded at 11957 F
  • Vwap of the session was at 11949 with volumes of 74.4 L and range of 96 points as it made a High-Low of 11997-11901
  • NF confirmed a multi-day FA at 11895 on 04/11 and just fell short of the 1 ATR target of 12023.
  • NF confirmed a FA at 12013 on 04/11 and the 1 ATR move down comes to 11896.
  • NF confirmed a multi-day FA at 11465 on 16/10 and completed the 2 ATR move up of 11776. This FA has not been tagged since & hence is now positional support
  • NF confirmed a FA at 11503 on 17/10 and completed the 2 ATR move up of 11808. This FA has not been tagged since & hence is now positional support
  • NF confirmed a FA at 11162 on 09/10 and completed the 2 ATR move up of 11554.  This FA has not been tagged since & hence is now positional support
  • The Trend Day VWAP of 29/10 at 11810 will be important reference on the downside.
  • The settlement day Roll Over point (Nov) is 11970
  • The VWAP & POC of Oct Series is 11461 & 11365 respectively.
  • The VWAP & POC of Sep Series is 11127 & 10960 respectively.
  • The VWAP & POC of Aug Series is 10966 & 10984 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 11918-11957-11967

Hypos / Estimates for the next session:

a) NF needs to sustain above 11958-964 for a move higher to 11985 / 12003-10 & 12030
b) Staying below 11958, NF can test 11936-922 / 11901-895 & 11874
c) Above 12030, NF can probe higher to 12056 / 12079-82 & 12098-105
d) Below 11874, auction becomes weak for 11850 / 11832-829 & 11810-795
e) If 12105 is taken out, the auction go up to to 12133 / 12151-166 & 12181-194
f) Break of 11795 can trigger a move lower to 11771-767 / 11749 & 11716-709


BankNifty Nov F: 30294 [ 30520 / 30155]

HVNs – 30075 / 30150 / 30288 / 30410

(Click here to view the 4-day composite in BNF)

Market Profile Analysis dated 5th November 3

Report to be updated…

  • The BNF Open was an Open Auction In Range (OAIR)
  • The day type was a Neutral Day
  • Largest volume was traded at 30290 F
  • Vwap of the session was at 30344 with volumes of 34.1 L and range of 365 points as it made a High-Low of 30520-30155
  • BNF confirmed yet another FA at 30520 on 05/11 and the 1 ATR move down comes to 29997.
  • BNF confirmed a FA at 30658 on 04/11 and the 1 ATR move down comes to 30097.
  • BNF confirmed a FA at 27900 on 09/10 and completed the 2 ATR move up of 29779. This FA has not been tagged since & hence is now positional support
  • The Trend Day VWAP of 29/10 at 29945 will be important reference on the downside. This was tagged on 30/10 and broken but was swiftly rejected so proves to be support.
  • The higher Trend Day VWAP of 08/07 at 30995 remains important reference going forward
  • The settlement day Roll Over point (Nov) is 30150
  • The VWAP & POC of Oct Series is 28784 & 28415 respectively.
  • The VWAP & POC of Sep Series is 28416 & 27160 respectively.
  • The VWAP & POC of August Series 27858 & 27960 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 30178-30290-30386

Hypos / Estimates for the next session:

a) BNF has immediate supply at 30365 above which it could rise to 30410-455 / 30495-520 & 30575
b) Staying below 30280, the auction gets weak for a test of 30227-185 / 30099-72 & 30024-29997
c) Above 30575, BNF can probe higher to 30625-650 / 30725-750 & 30800-895
d) Below 29997, lower levels of 29945 / 29880-855 & 29749-695 could come into play
e) If 30895 is taken out, BNF can give a fresh move up to 30995-31005 / 31100-152 & 31210
f) Break of 29695 could trigger a move down 29635-628 / 29570-537 & 29460-435

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