Market Profile Analysis dated 9th October

Nifty Oct F: 11348 [ 11363 / 11113 ]

HVNs – 11155 / (11240) / (11265-275) / 11345 / [11362] / 11400 / 11480 / 11550

Report to be updated…

(Click here to view this week’s action in NF)

  • The NF Open was an Open Rejection Reverse – Up (ORR)
  • The day type was a Neutral Extreme plus a Trend Day – Up
  • Largest volume was traded at 11347 F
  • Vwap of the session was at 11224 with volumes of 133.8 L and range of 250 points as it made a High-Low of 11363-11113
  • NF confirmed a FA at 11113 on 09/10 and completed the 1 ATR move up of 11309. The 2 ATR objective comes to 11505
  • NF visited the FA of 11262 on T+1 Days negating it and the 1 ATR move up comes to 11456
  • The Trend Day VWAP of 09/10 at 11224 will be important support.
  • The higher Trend Day VWAP of 05/07 at 11965 is an important reference higher.
  • The settlement day Roll Over point (Oct) is 11630
  • The VWAP & POC of Sep Series is 11127 & 10960 respectively.
  • The VWAP & POC of Aug Series is 10966 & 10984 respectively.
  • The VWAP & POC of Jul Series is 11575 & 11547 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 11179-11347-11360

Hypos / Estimates for the next session:

a) NF needs to get above supply of 11362-373 for a probe higher to 11400-406 / 11430 & 11450-456
b) Staying below 11345, the auction could test 11315-310 / 11295-285 & 11262
c) Above 11456, NF can probe higher to 11473-480 / 11505-510 & 11529-538
d) Below 11262, auction becomes weak for 11238-224 / 11205-200 & 11173
e) If 11538 is taken out, the auction go up to to 11550-565 / 11590 & 11610-615
f) Break of 11173 can trigger a move lower to 11155-150 / 11125-120 & 11092-90


BankNifty Oct F: 28874 [ 28990 / 27774 ]

HVNs – 27940 / 28025 / (28135) / 28420 / 28490* / 28860 / 29350-382

Report to be updated…

(Click here to view this week’s action in BNF)

  • The BNF Open was an Open Auction In Range (OAIR)
  • The day type was a Neutral Extreme plus a Trend Day – Up
  • Largest volume was traded at 28420 F
  • Vwap of the session was at 28322 with volumes of 59 L and range of 1216 points as it made a High-Low of 28990-27774
  • BNF confirmed a FA at 27774 on 09/10 and completed the 1 ATR move up of 28713. The 2 ATR objective comes to 29653
  • The higher Trend Day VWAP of 08/07 at 30995 remains important reference going forward
  • The settlement day Roll Over point (Oct) is 30230
  • The VWAP & POC of Sep Series is 28416 & 27160 respectively.
  • The VWAP & POC of August Series 27858 & 27960 respectively
  • The VWAP & POC of Jul Series is 30425 & 30586 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 28150-28420-28985

Hypos / Estimates for the next session:

a) BNF needs to sustain above 28860 for a probe higher to 28954-990 / 29069 & 29140
b) Staying below 28860, the auction could test 28781-735 / 28675-647 & 28580-575
c) Above 29140, BNF can probe higher to 29222-283 / 29350*-382 & 29450
d) Below 28575, lower levels of 28490-480 / 28420-375 & 28322-277 could come into play
e) Sustaining above 29450, BNF can give a fresh move up to 29525 / 29653 & 29725-735
f) Break of 28277 could trigger a move down 28190-184 / 28130-125 & 28079-48

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