Market Profile Analysis dated 13th April 2021

Nifty Apr F:  14541 [ 14563 / 14304 ]

NF opened higher scaling above the PBH of 14391 but got stalled in the first attempt it made towards yVWAP of 14431 resulting in new lows for the day at 14304 but saw a sharp rejection from the lows as the auction not only made new highs for the day in the ‘A’ period but went on to scale above 14431 in the ‘B’ period where it made a high of 14472. The dreaded C side extension then took over as NF made a marginal new high of 14473 indicating exhaustion of demand and entry of laggards and this triggered a big fall over the next 3 periods as it not only made the customary VWAP test but also broke below it eating into almost the entire morning buying tail of 14405 to 14304 as it made a low of 14325 in the ‘E’ period. The ‘F’ period then formed an inside bar confirming the end of the imbalance lower as the auction started to build Value around the day’s VWAP before making a fresh RE (Range Extension) to the upside in the ‘J’ period as it left an extension handle at 14473 triggering an OTF (One Time Frame) move into the close as it made a high of 14563 closing in an imbalance. The HVN at 14538 would be the immediate reference for the next open as NF has the big initiative selling tail till 14889 on the upside to climb whereas on the downside, the extension handle of 14473 would be the important level on watch along with today’s VWAP of 14441.

Click here to view the latest profile in NF on MPLite

  • The NF Open was a Open Auction In Range (OAIR)
  • The Day type was a Normal Variation Day – Up (NV)
  • Largest volume was traded at 14404 F
  • Vwap of the session was at 14441 with volumes of 127.2 L and range of 259 points as it made a High-Low of 14563-14304
  • The settlement day Roll Over point (Apr) is 14425
  • The VWAP & POC of Mar Series is 14816 & 14737 respectively.
  • The VWAP & POC of Feb Series is 14893 & 15115 respectively.
  • The VWAP & POC of Jan Series is 14288 & 14569 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 14326-14404-14500

HVNs – 14420 / 14621 / 14826 / 14906* / 14975


BankNifty Apr F:  31865 [ 32020 / 30779 ]

BNF made a strong start as it not only moved away from the yPOC of 30847 but stayed above yVWAP of 31046 and left a buying tail in the IB as it went on to enter previous day’s initiative selling tail of 31371 to 31900 making a high of 31440 as the supply started to overwhelm the demand resulting in a break of the day’s VWAP in the ‘E’ period as the auction left a PBL at 31085 in the morning singles and was forming a ‘p’ shape profile for the day till the ‘H’ period where it made a marginal new high at 31467 and followed it up with an extension handle there in the ‘J’ period as began a spike higher till the ‘K’ period as BNF got above PDH of 31900 and tagged 32020 before closing the day at 31865 as even the dPOC shifted to 31837. The closein BNF also has been in an imbalance so can expect the move higher to continue above 32027 towards 32251 & the daily VPOC of 32615 in the coming session(s). On the downside, staying below 31837 the auction could test the singles zone of 31722 to 31467 which if broken could go for the lower HVN of 31248.

Click here to view the latest profile in BNF on MPLite

  • The BNF Open was a Open Auction In Range (OAIR)
  • The Day type was a Normal Variation Day – Up (‘p’ profile plus spike)
  • Largest volume was traded at 31837 F
  • Vwap of the session was at 31463 with volumes of 57.5 L and range of 1241 points as it made a High-Low of 32020-30779
  • The settlement day Roll Over point (Apr) is 33250
  • The VWAP & POC of Mar Series is 34618 & 33870 respectively.
  • The VWAP & POC of Feb Series is 35530 & 35820 respectively.
  • The VWAP & POC of Jan Series is 31597 & 32062 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 31261-31837-32019

HVNs – 32615 / 33250 / 33466 */ 34050

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