Market Profile Analysis dated 13th Dec

Nifty Dec F:

NF had a 50 point gap up open right at that 10825-830 zone which was also an HVN & the first half of the day NF kept rotating around this zone giving a very narrow IB of just 37 points. NF tried to probe lower breaking the IBL but could not get into previous day range which indicated that the PLR had turned up & once it got back above VWAP & that 10825-830 zone it went onto break IBH & make a 2 IB range extension to the upside making a high of 10882 which was also the VAL of the 3-day bell it made at the start of this month. The HVN of 10827 by now was turning into a prominent dPOC was unmoved hence was acting like a magnet to that IBH range extension which looked very stretched & this when NF was in the process of making a nice bell profile for the day. NF left a small tail at highs & quickly moved back to IBH & was a good candidate for the 80% Rule if it entered into the day’s developing Value so along with that wide POC acting like a magnet this was also fueling the NF move down which was fast & strong as it not just tagged the dPOC of 10827 & the dVAL but also went on to make new lows for the day breaking into the previous day range but again meeting with rejection here. It left a small tail at the new lows & on it’s path to smoothen the daily profile made another 80% move and this time to the upside & giving a perfect Neutral Centre Close right at that wide POC of 10827 leaving a 3-1-3 profile and a good chance of a move away from here.

Nf Compo1 9 Market Profile Analysis Dated 13Th Dec Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Strategies, Market Profile, Market Profile Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Technical Analysis, Trading Strategies, Volume Profile Trading

    • The NF Open was a Open Auction Out of Range
    • The day type was a Neutral Centre Day (‘3-1-3’ profile)
    • Largest volume was traded at 10830 F
    • Vwap of the session was at 10825 with volumes of 102.8 L in a session which traded a High-Low range of 10882-10777 for 105 points 
    • The VWAP & POC of Nov Series 10480 & 10580 respectively. It tagged the VWAP on 11/12 but closed above it
    • The VWAP & POC of 31/10 10250 & 10248 will be important levels going forward

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 10805-10830-10844

Hypos / Estimates for the next session:

a) Neutral day balance with POC at 10830 is the pivot for stage 2 of this 3 day auction
b) Supply will be seen near 10900 and 10930 on any probes highs
c) 10760 and 10730 are supports for the auction tom


BankNifty Dec F:

Bnf Compo1 12 Market Profile Analysis Dated 13Th Dec Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Strategies, Market Profile, Market Profile Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Technical Analysis, Trading Strategies, Volume Profile Trading

BNF opened with a 100 point gap up & probed higher to first tag that 2 ATR of 26976 from the negated FA of 26453 in the first 30 mins but then the range got narrower indicating exhaustion though it managed to make a new high & almost tag the other objective of 26999 (given in yesterday’s report) inside IB. It made a narrow range of 133 points in IB & though had a buying tail from 26954 to 26865, there was no new demand at highs which meant BNF needed to have a probe lower to check for buyers & post noon that move came when it entered the buying tail & sustained & went on to break VWAP & also the IBL making a new low at 26844. BNF did not sustain below IBL & got back above VWAP & went on to break the IBH confirming a FA at lows but again it did not get any new demand above IBH & was again pushed back into the IB & gave a late inventory adjustment move where it moved away from the HVN it was forming at 26965 giving a fast fall to 26785 just above the previous day high and also the weekly VAH thus confirming a FA this time at highs of 27029. BNF got back into IB at close but stayed below VWAP giving a Neutral Centre Day & can probe lower if stays below 26890 at open tomorrow. For upside, BNF needs to get above that HVN of 26970 & get accepted.

  • The NF Open was a Open Auction Out of Range
  • The day type was a Neutral Day
  • Largest volume was traded at 26970 F
  • Vwap of the session was at 26925 with volumes of 29.9 L in a session which traded a High-Low range of 27029-26785 for 243 points
  • BNF had left a FA today at 26453 on 10/12 and tagged the 2 ATR target of 25927 on 11/12. It got back above this FA on 12/12 at T+2 days & completed the 2 ATR move at 26976 on the upside today
  • BNF had confirmed a multi-day FA on 05/12 at 26745 and tagged the 2 ATR target of 26237 on 06/12. BNF tagged & closed above this FA on 12/12 which was T+5 Days and tagged the 1 ATR move up of 26999 today
  • BNF has stayed above the vwap of 17/10 which was 25500 and is now support
  • We had a FA at 24625 on 31/10 which has completed 1 ATR of 25102 & has stayed above the 2 ATR of 25575
  • The VWAP & POC of Nov Series 25686 & 26218 (Spot) respectively
  • 31st October’s VWAP of 24895 & POC of 24900 will be important levels going forward

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 26890-26970-27000

Hypos / Estimates for the next session:

a) The BNF also balanced with a POC at 26970
b) Support exists at 26800 for the session tom
c) Supply at 27000 and 27136 for the session

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