Market Profile Analysis dated 01st Mar 2023

Nifty Mar F: 17532 [ 17550 / 17417 ]

NF opened above the yPOC of 17406 and negated the VWAP of 17433 as it left an A period buying tail from 17468 to 17417 but could only manage a narrow range of just 133 points forming a ‘p’ shape profile for the day with the upside stalling just below 24th Feb’s VPOC of 17558 with poor highs at 17550 and saw the dPOC shift higher to 17536 into the close.

Click here to view the latest profile in NF on MPLite

• The NF Open was an Open Auction In Range (OAIR)
• The Day Type was a Normal Variation Day – Up (‘p’ shape profile)
• Largest volume was traded at 17536 F
• Vwap of the session was at 17501 with volumes of 65.1 L and range of 133 points as it made a High-Low of 17550-17417
• The settlement day Roll Over point (Mar 2023) is 17635
• The VWAP & POC of Feb 2023 Series is 17717 & 17839 respectively.
• The VWAP & POC of Jan 2023 Series is 17923 & 18132 respectively.
• The VWAP & POC of Dec 2022 Series is 18337 & 18584 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 17489-17536-17546

HVNs – 17489 / 17690 (** indicates series POC) Business Areas for 02nd Mar 2023: Up 17558 – VPOC (24 Feb) 17592 – VWAP from 24 Feb 17635 – Mar series RO point 17661 – Selling Tail (24 Feb) 17700 – Weekly IBH 17742 – VWAP from 22 Feb Down 17536 – dPOC from 01 Mar 17489 – Mar Series HVN 17447 – HVN from 28 Feb 17406 – VPOC (28 Feb) 17349 – 28 Feb tail 17304 – HVN from 17 Oct

(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )

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BankNifty Mar F: 40910 [ 40943/ 40522 ]

BNF opened higher with some good intent shown by buyers as it gave an initiative move away from previous Value in form of an A period buying tail from 40675 to 40522 and made an OTF probe higher till the E TPO as it tagged the 21st Feb Singles from 40861.

The auction then left an important PBL at 40745 in the G period signalling that the morning buyers were defending and this led to a small spike higher to 40943 into the close stopping just below the 21st Feb VPOC of 40975 leaving a ‘p’ shape profile with completely higher Value.

Click here to view the latest profile in BNF on MPLite

• The BNF Open was an Open Auction (OA)
• The Day Type was a Normal Variation Day – Up (NV)
• Largest volume was traded at 40908 F
• Vwap of the session was at 40792 with volumes of 31.8 L and range of 421 points as it made a High-Low of 40943-40522
• The settlement day Roll Over point (Mar 2023) is 40365
• The VWAP & POC of Feb 2023 Series is 40880 & 41462 respectively.
• The VWAP & POC of Jan 2023 Series is 41965 & 42320 respectively.
• The VWAP & POC of Dec 2022 Series is 43030 & 43128 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 40739-40908-40939

HVNs – 40365 / 40486 (** indicates series POC) Business Areas for 02nd Mar 2023: Up 40975 – VPOC from 21 Feb 41089 – SOC from 21 Feb 41166 – HVN from 21 Feb 41249 – VPOC from 20 Feb 41354 – Extension Handle (20 Feb) 41481 – IB HVN (20 Feb) Down 40908 – dPOC from 01 Mar 40792 – VWAP from 01 Mar 40675 – Buying Tail (01 Mar) 40581 – IB singles mid (01 Mar) 40491 – VPOC (28 Feb) 40374 – LVN from 28 Feb

(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )

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