Market Profile Analysis dated 13th Nov

Nifty Nov F:

NF opened with a small gap down but immediately rejected the lower open & got back into the previous day range to test the spike highs leaving singles in the A period after which it again made a dip below previous day low but got support in the morning singles & once it got back above vwap, it kept one time framing higher into the close negating yesterday’s DD (Down) profile with a almost similar range DD (Up) which is typical of bracket behaviour. We have morning singles at 10476-10460 and a bullish extension handle at 10549 with the DD singles at 10549-10576 & a pull back low at 10586 which are the support levels for tomorrow. We also closed in a small spike of 10613-10632 which will be the levels to watch at open

Nf Compo1 12 Market Profile Analysis Dated 13Th Nov 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 cross between an  Open Rejection Reverse and OAOR
  • The day type was a Double Distribution Trend Day (Up)
  • Largest volume was traded at 10604 F
  • Vwap of the session was at 10570 with volumes of 110.9 L in a session which traded a High-Low range of 10632-10460 for 172 points 
  • The spike close of 10613 – 10632 will be reference for tomorrow’s open
  • The vwap of 29/10 at 10175 is strong support now which was broken intraday but re-captured
  • We had a FA at 10111 on 31/10 which has done its 2ATR objective & is now strong support
  • The VWAP & POC of 31/10 10250 & 10248 will be important levels going forward

For the weekly and other swing levels of the Nifty go to – https://vtrender.in/monthly-and-weekly-charts-analysis(has monthly and weekly Profile charts updated to trade date 09/11)

Daily Zones:

    • Value zones (volume profile) are at 10511-10604-10626

Hypos / Estimates for the next session:

a) supply  at 10632-10638 stays constant and visible today as welll

b)NF would be weak below 10600 and can test 10546 and 10500

c)Price move above 10640 can force shorts out for 10670 and 10720 higher where the sellers may come back again.

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BankNifty Nov F:

Bnf Compo1 7 Market Profile Analysis Dated 13Th Nov 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 opened with a small gap down & tried to get back into previous day range but was rejected at the first attempt in IB (Initial Balance) when it made a high if 25583 & reversed, it then probed lower & even broke the IBL making a new low of 25429 but was immediately rejected back into IB & later on that confirmed to be a FA. BNF kept probing higher once it scaled IBH & after giving a pullback low at 25545 left couple of extension handles at 25672 & 26729 on the way up before it hit the 1ATR target of 25833 from today’s FA. BNF closed as a Neutral Extreme Day & the reference level on watch at open would be 25755-25855.

  • The BNF Open was an Open Auction Out of Range (OAOR)
  • The day type was a Neural Extreme Day (Up)
  • Largest volume was traded at 25830 F
  • Vwap of the session was at 25617 with volumes of 37.5 L in a session which traded a High-Low range of 25855-25429 for 426 points
  • BNF has left a FA today at 25429 and has tagged the 1ATR from there at 25833
  • 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 1ATR of 25102 & has stayed above the 2ATR of 25575
  • another FA we had on 30/10 of 25214 is now support
  • 31st October’s VWAP of 24895 & POC of 24900 will be important levels going forward

For the weekly and other swing levels of the Bank Nifty go to – https://vtrender.in/monthly-and-weekly-charts-analysis/(The BN Monthly and BN weekly F charts are posted at the same link)

Daily Zones:

  • Value zones ( volume profile) are at 25542-25830-25850

Hypos / Estimates for the next session:

 

a) Heavy demand seen at 25440 F today which was pointed as major supp yesterday

b) supply is constant still at 25900- 940 and may be difficult to cross

c)Broad 2 way balance in the multi day Time Frame

For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.

If not a Trading Room member you can get immediate access at – https://in.explara.com/e/vtrender–trading–room/checkout