Market Profile Analysis dated 9th Mar 2020

Nifty Mar F:  10462 [ 10690 / 10266 ]

HVNs – 10450 / 10544 / 10911 / 10940 / (11105) / (11145) / 11165-175 / (11250) / 11270-290

Report to be updated…

  • The NF Open was an Open Auction Out of Range  (OAOR)
  • The day type was a Normal Variation Day – Down (NV)
  • Largest volume was traded at 10544 F
  • Vwap of the session was at 10462 with volumes of 288.8 L and range of 424 points as it made a High-Low of 10690-10266
  • NF confirmed a FA at 10830 on 06/03  and tagged the 1 ATR move of 10997 on same day. This FA got negated on 09/03 and NF completed the 2 ATR move down of 10495
  • The settlement day Roll Over point (Mar) is 11610
  • The VWAP & POC of Feb Series is 11944 & 12125 respectively.
  • The VWAP & POC of Jan Series is 12178 & 12132 respectively.
  • The VWAP & POC of Dec Series is 12087 & 12182 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 10294-10544-10547

Main Hypos for the next session:

a) NF has immediate supply at 10465-480 above which it could rise to 10520-525 / 10545-560 / 10595-615 & 10640
b) The auction has support at 10450 below which could it fall to 10410-375 / 10345-330 / 10302 & 10278-265

Extended Hypos:
c) Above 10640, NF can probe higher to 10655-662 / 10690-715 & 10740-768
d) Below 10265, the auction can move lower to 10245-236 / 10215 / 10188-175 & 10160-155

-Additional Hypos-
e) If 10768 is taken out, NF can go up to 10787 / 10815-830 / 10860-880 & 10914-940*
f) Below 10155, the auction could fall to 10139-111 / 10075-68 / 10054-030 & 10000-9978


BankNifty Mar F:  26526 [ 27244 / 25935 ]

HVNs – (26150) / 26480 / 26750 / 27560 / 27780 / 28395 / 28511 / 28835 / 28920 / 29040-090

Report to be updated…

  • The BNF Open was an Open Auction Out of Range  (OAOR)
  • The day type was a Normal Variation Day – Down  (NV)
  • Largest volume was traded at 26750 F
  • Vwap of the session was at 26516 with volumes of 62.1 L and range of 1309 points as it made a High-Low of 27244-25935
  • The settlement day Roll Over point (Mar) is 30520
  • The VWAP & POC of Feb Series is 30692 & 30692 respectively.
  • The VWAP & POC of Jan Series is 31425 & 32104 respectively.
  • The VWAP & POC of Dec Series is 31956 & 32102 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 26231-26750-26849

Main Hypos for the next session:

a) BNF needs to sustain above 26545 for rise to 26600 / 26685-700 / 26750-803 / 26857-896 / 26935-950 & 27000-050
b) The auction has immediate support at 26480 below which it could fall to 26400-390 / 26310 / 26230-200 / 26135-100 & 26000

Extended Hypos:
c) Above 27050, BNF can probe higher to 27100-200 / 27245-280 / 27400 & 27501-560*
d) Below 26000, lower levels of 25950-930 / 25810 / 25755-730 / 25680-650 & 25575-550 could be tagged

-Additional Hypos-
e) If 27560 is taken out, BNF can go up to 27695 / 27765-780 / 27899-950 & 28000-045
f) If 25550 is taken out, the auction can fall further to 25491 / 25429-414 / 25370 / 25300-281 / 25205-180 & 25120-040

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