Market Profile Analysis dated 13th May

Nifty May F:

NF was making a nice balanced profile for most part of the day with lower Value as yet again the range extension to the upside was rejected in the form of a failed ‘C’ period extension just after the IB (Initial Balance). (Click here to view the profile chart for better understanding) The auction then spiked lower into the close leaving a Neutral Extreme Down day with a large Neutral Extreme reference for the next day from 11242 to 11154. NF also gave another FA at highs today at 11328 to add to the 2 it left last week confirming that the PLR (Path of Least Resistance) continues to be Down.

Nf Compo1 7 Market Profile Analysis Dated 13Th May 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 (OA)
  • The day type was a Neutral Extreme Day (Down)
  • Largest volume was traded at 11286 F
  • Vwap of the session was at 11270 with the volumes of 92.2 L in a session of 174 points trading in a High-Low range of 11328-11154
  • NF confirmed a new FA at 11328 on 13/05 and tagged the 1 ATR move of 11207. The 2 ATR target from this FA comes to 11085
  • NF confirmed a FA at 11695 on 06/05 and has tagged the 2 ATR target of 11480. This FA is on ‘T+6’ Days
  • NF confirmed a FA at 11376 on 10/05 and almost tagged the 2 ATR of 11143. This FA is on ‘T+2’ Days
  • NF confirmed a FA at 11397 on 09/05 and the tagged 2 ATR move lower at 11165. This FA is on ‘T+3’ Day
  • The settlement day Roll Over point is 11722
  • The VWAP & POC of Apr Series is 11641 & 11592 respectively.
  • The VWAP & POC of Mar Series is 11327 & 11448 respectively.
  • The VWAP & POC of Feb Series is 10830 & 10856 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 11245-11286-11323

Hypos / Estimates for the next session:

a) NF has immediate resistance at 11195 above which it can probe higher to 11236-145 & 11265
b) Immediate support is in the zone of 11165-160 which if broken can push the auction down to 11145-143 & 11129
c) Above 11265, NF can probe higher to tag 11285-291 & 11314-328
d) Below 11129, lower levels of 11109 & 11085-79 could come into play
e) If 11328 is taken out & sustained, the auction can move higher to 11349-358 & 11373-376
f) Break of 11079 could start a new leg down in NF to 11065-49 & 11033-28


BankNifty May F:

Bnf Compo1 7 Market Profile Analysis Dated 13Th May 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 also was making a nice balance in a narrow range for most part of the day after it got rejected in the ‘D’ period at 29080 as it attempted a range extension higher. (Click here to view the profile chart for better understanding) The afternoon then saw a big spike down as the auction confirmed an FA (Failed Auction) at top leaving an extension handle at 28875 to make lows of 28712 which will be the reference zone to watch for in the next session.

    • The BNF Open was a Open Auction In Range (OAIR)
    • The day type was a Neutral Extreme Day (Down)
    • Largest volume was traded at 28990 F
    • Vwap of the session was at 28974 with volumes of 24.3 L in a session which traded a High-Low range of 29080-28712 for a range of 12 points
    • BNF confirmed a FA at 29080 on 13/05 and the 1 ATR move down comes to 28675
    • BNF confirmed a FA at 29418 on 08/05 & has tagged the 1 ATR move of 29000 . The 2 ATR move down from this FA comes to 28581
    • BNF confirmed a weekly FA at 29945 on 07/05. The 1 ATR move down of 29136 was tagged on 08/05. The 2 ATR move lower comes to 28327
    • The settlement day Roll Over point is 29760
    • The VWAP & POC of Apr Series is 30037 & 29762 respectively.
    • The VWAP & POC of Mar Series is 29061 & 29778 respectively.
    • The VWAP & POC of Feb Series 27042 & 26978 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 28936-28990-29063

    Hypos / Estimates for the next session:

    a) BNF needs to sustain above 28785 for a move to 28856 & 28902-915
    b) BNF has immediate support at 28736-708 below which it can probe lower to 28660-632 & 28580-556
    c) Above 28915, the auction can rise to 28975-990 & 29040-80
    d) Below 28556, BNF can continue the move down to 28436-418 & 28376
    e) If 29080 is taken out & sustained, higher levels of 29147-200 & 29280 could come into play
    f) Break of 28376 could bring lower levels of 28327 & 28266

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