Market Profile Analysis dated 6th September

Market Profile Analysis dated 6th September 1

Nifty Sep F:  10974 [ 10984 / 10900 ]
Market Profile Analysis dated 6th September 2

Report to be updated…

  • The NF Open was an Open Auction In Range (OAIR)
  • The day type was a Normal Variation Day (Up)
  • Largest volume was traded at 10968 F
  • Vwap of the session was at 10947 with volumes of 101.9 L and range of 84 points as it made a High-Low of 10984-10900
  • NF confirmed a FA at 10960 on 06/09 which was negated today as NF closed above it. The 1 ATR move up comes to 11124
  • NF confirmed a FA at 10785 on 04/09 & tagged the 1 ATR objective of 10958. The 2 ATR move up comes to 11131
  • NF confirmed a FA at 11079 on 29/08 & tagged the 1 ATR objective of 10906 on 30/08. The 2 ATR move down comes to 10733. This FA is currently on ‘T+6’ Days
  • The Trend Day POC & VWAP of 26/08 at 10886 10951 would be important references on the downside.
  • The Trend Day POC & VWAP of 19/07 at 11478 11523 are now positional references on the upside.
  • The higher Trend Day VWAP of 05/07 at 11965 is another important reference higher.
  • The settlement day Roll Over point is 11010
  • The VWAP & POC of Aug Series is 10966 & 10984 respectively.
  • The VWAP & POC of Jul Series is 11575 & 11547 respectively.
  • The VWAP & POC of Jun Series is 11833 & 11714 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 10847-10870-10916

Hypos / Estimates for the next session:

a) NF needs to sustain above 10985 for a probe higher to 11004-10 & 11028-35
b) Staying below 10976 at open, the auction can test 10954-945 & 10926
c) Above 11035, NF can probe higher to 11049 / 11068-79 & 11092
d) Below 10926, auction becomes weak for 10900 / 10881-870 & 10854-845
e) If 11092 is taken out, the auction can rise to & 11107-115 / 11131-142 & 11157
f) Break of 10845 can trigger a move lower to 10822-818 / 10795-785 & 10760


BankNifty Sep F: 27306 [ 27398 / 27025 ]

Market Profile Analysis dated 6th September 3

Report to be updated…

  • The BNF Open was an Open Auction In Range (OAIR)
  • The day type was a Normal Variation Day (Up) ‘p’ profile
  • Largest volume was traded at 27300 F
  • Vwap of the session was also at 27273 with volumes of 33.2 L in a session which traded in a range of 373 points making a High-Low of 27398-27025
  • The Trend Day VWAP of 19/07 at 30085 is now positional supply point.
  • The higher Trend Day VWAP of 18/07 & 08/07 at 30598 & 30995 remain important references going forward
  • The settlement day Roll Over point is 27450
  • The VWAP & POC of August Series 27858 & 27960 respectively
  • The VWAP & POC of Jul Series is 30425 & 30586 respectively.
  • The VWAP & POC of Jun Series is 30914 & 30961 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 26890-27000-27153

Hypos / Estimates for the next session:

a) BNF needs to sustain above 27300 for a rise to 27368-380 / 27425-440 & 27498-510
b) Staying below 27300, the auction could test 27265-230 / 27181 & 27144-104
c) Above 27510, BNF can probe higher to 27585 / 27627 & 27674-690
d) Below 27104, lower levels of 27060 / 27008-26984 & 26936-920 could come into play
e) Sustaining above 27690, BNF can give a fresh move up to 27735-780 / 27830 & 27906-915
f) Break of 26920 could trigger a move down 26875-815 / 26785-780 & 26710

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