Market Profile Analysis dated 13th Feb

Nifty Feb F:

NF opened with a gap up above the spike high of 10883 and probed higher to tag the yPOC of 10904 at open where it got rejected to move back into yesterday’s spike to tag the yVAL of 10874 in the ‘A’ period. The ‘B’ period continued to move lower making a low of 10862 leaving a 43 point IB. (Click here to view the profile chart for better understanding) The next 2 periods probed higher as ‘D’ period made a high of 10894 but could not sustain above yVWAP after which ‘E’ period made an inside bar and stayed above VWAP triggering a move up in the next 2 periods as ‘G’ made another attempt to get above 10895 but failed. This failed move triggered a OTF move lower as NF probed lower in the next 3 periods breaking below IBL in the ‘I’ period & made a low of 10842 in the ‘J’ period completing the 1.5 IB range extension lower. The auction then balanced as NF got back to VWAP & the dPOC & the ‘K’ period made an inside bar but imbalance returned in the form of a spike as NF broke below ‘K & ‘L’ leaving an extension handle at 10842 and went on to make lows of 10802 completing the 1 ATR move from the FA of 10946. Spike Rules will be in play yet again for the next session open.

Nf Compo1 9 Market Profile Analysis Dated 13Th Feb 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 In Range (OAIR)
  • The day type was a Normal Variation Day – Down (with a Spike lower)
  • Largest volume was traded at 10877 F
  • Vwap of the session was at 10870 with volumes of 80.8 L in a session which traded a High-Low range of 10905-10802 for a range of 103 points 
  • NF confirmed a multi-day FA at 10946 on 12/02 and tagged the 1 ATR move of 10822 and closed around it. The 2ATR move lower is at 10699
  • NF had left a FA at 10830 on 04/02 and completed the 2 ATR move up of 11073. This FA got tagged on ‘T+7’ days and is no longer support.
  • NF had left a FA at 10710 on 04/01 and completed the 2 ATR move up on 15/01 and was strong support. The auction broke below this FA twice last week but has got back above it.
  • NF had left a FA at 10580 on 26/12 & completed the 2 ATR move up to 10862. This FA has not been tagged and is now strong support
  • The Trend Day VWAP & POC of 06/02 11046 & 11035 was broken on 08/02 and the closed below them so now they are no longer support levels
  • The Trend Day VWAP & POC of 31/01 10793 & 10775 will be important levels going forward
  • The VWAP & POC of Jan Series is 10795 & 10823 respectively
  • The VWAP & POC of Dec Series is 10796 & 10741 respectively
  • The VWAP & POC of Nov Series is 10480 & 10580 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 10853-10877-10894

Hypos / Estimates for the next session:

a) NF closed in a spike of 10842-10802 so Spike Rules will apply at open
b) NF has important support in the zone of 10793-789 below which can tag the vPOC of 10775 and pull back low of 10767
c) Immediate resistance is in the zone of 10830-10842 above which the auction can probe higher to 10863 & 10880
d) Below 10765, NF gets weak for a move to 10740 and the weekly vPOC of 10716
e) Above 10880, NF can test higher levels of 10895 & 10914


BankNifty Feb F:

Bnf Compo1 8 Market Profile Analysis Dated 13Th Feb 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 again had couple of freak ticks at open as it showed a open of 27200 & a high of 27274 in the opening minute but got back into the Neutral Extreme reference high of 27167 and the attempt to move out of it was rejected at it made a high of 27178 and probed lower towards the PDL of 27086 but got stalled at 27100 in the ‘A’ period. The ‘B’ period made a narrow inside bar leaving an IB of just 78 points and the ‘C’ period made a double inside bar. (Click here to view the profile chart for better understanding) The auction managed to stayed above VWAP and started making a balance in a narrow range between IBH & VWAP from the ‘D’ to ‘G’ period when it attempted to probe higher but got rejected at 27189 to get pushed back again in the Neutral Extreme zone confirming that the PLR is still down. The ‘H’ period made an inside bar & the action started in the ‘I’ period as BNF made a range expansion & broke below VWAP, IBL and the PDL to make a low of 27033 after which the auction made a retracement back above VWAP and made a high of 27165 indicating that this was just a pull back and the probe to the downside is still not over. The ‘K’ period made an inside bar but broke & closed below VWAP and the last 45 minutes saw the auction spiking lower to make new lows tagging the vPOC of 26960. BNF has closed in a spike of 27015-26950 which will be the zone to watch at tomorrow’s open.

  • The BNF Open was a Open Auction In Range(OAIR)
  • The day type was a Normal Variation Day – Down (with a Spike lower)
  • Largest volume was traded at 27136 F
  • Vwap of the session was at 27109 with volumes of 20.3 L in a session which traded a High-Low range of 27189-26950 for a range of 239 points
  • BNF confirmed a FA at 27384 on 12/02 and tagged the the 1 ATR move down of 27060 and closed below it. The 2 ATR move lower is at 26736
  • BNF confirmed a FA at 27353 on 06/02 but it got negated on 08/02. BNF could not get above this FA today also so the 1 ATR move down of 26965 is still in play which got tagged today
  • BNF confirmed a FA at 27716 on 23/1 and completed the 2 ATR move down hence is now strong resistance
  • The VWAP & POC of Jan Series 27236 & 27514 respectively
  • The VWAP & POC of Dec Series 26713 & 26832 respectively
  • The VWAP & POC of Nov Series 25686 & 26218 (Spot) 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 27052-27136-27162

Hypos / Estimates for the next session:

a) BNF remains weak below 26950 to probe lower levels of 26900-885 & 26800
b) Immediate resistance at 27015-55 zone above which auction can probe higher to 27135 and 27189
c) Below 27800, BNF can tag the 2 ATR move of 26736 and 26685
d) On the upside, BNF needs to sustain above 27230 for a move to the vPOC of 27328

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