Market Profile Analysis dated 19th July

Nifty Jul F:  11422 [11643/11402]

NF opened higher above the previous day’s spike of 11625-11590 but got rejected from the yPOC of 11637 giving a Open Test Drive down as it left a classic Trend Day Down with an initiative selling tail from 11570 to 11643 as it made new lows for the week at 11510 leaving a good 133 point range in the IB (Initial Balance). (Click here to view the profile chart for better understanding) The auction which had left an extension handle at 11558 gave another one at 11502 immediately post IB to continue trending lower all day except for a pull back high in the ‘H’ period as it tagged 11479 after which it gave the third extension handle for the day at 11457 to break below previous week’s low of 11467 as it hit lows of 11402. The dPOC for the day shifted to 11435 at close & this would be the level to watch in the coming session(s) on the upside & NF continues to remain weak for more downside if stays below it.

Nf Compo1 15 Market Profile Analysis Dated 19Th July 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 Test Drive – Down (OTD)
  • The day type was a Trend Day – Down
  • Largest volume was traded at 11435 F
  • Vwap of the session was at 11488 with volumes of 120.2 L and range of 241 points as it made a High-Low of 11643-11402
  • The Trend Day POC & VWAP of 19/07 at 11435 11488 are the immediate references on the upside.
  • The higher Trend Day VWAP of 05/07 at 11908 is another important reference higher.
  • The settlement day Roll Over point is 11915
  • The VWAP & POC of Jun Series is 11833 & 11714 respectively.
  • The VWAP & POC of May Series is 11613 & 11696 respectively.
  • The VWAP & POC of Apr Series is 11641 & 11592 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 11406-11435-11515

Hypos / Estimates for the next session:

NF hypos for next session

a) NF has immediate resistance at 11435 above which could rise to 11467 & 11488
b) Immediate support is at 11396-90 below which the auction can test 11374 & 11356
c) Above 11488, NF can probe higher to 11502-507 & 11531
d) Below 11356, auction becomes weak for 11325 & 11302-296
e) If 11531 is taken out, the auction can rise to 11552-558 & 11576
f) Break of 11296 can trigger a move lower to 11265-259 & 11230


BankNifty Jul F: 29781 [30535/29726]

Bnf Compo1 15 Market Profile Analysis Dated 19Th July 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 higher but was not able to tag the yPOC & the Trend day VWAP of 30575 as it hit 30534 at open before giving a drive down to make a huge 800 point move lower as it left back to back Trend Days Down which is a rare occurrence. The auction started with a selling tail at top from 30534 to 30320 as BNF made new weekly lows of 30205 in the IB itself to give a 330 point range. (Click here to view the profile chart for better understanding) This initiative activity kept pushing the auction lower all day leaving extension handles at 30254 / 30045 & 29958 and the solitary pull back high of the day came in the ‘F’ period at 30168. BNF made lows of 29726 in the ‘L’ period bring down the dPOC to 29815 before closing at 29781 to suggest that the imbalance to the downside could continue in the coming week.

  • The BNF Open was a Open Test Drive – Down (OTD)
  • The day type was a Trend Day – Down
  • Largest volume was traded at 29815 F
  • Vwap of the session was at 30065 with volumes of 33.6 L in a session which traded in a range of 809 points making a High-Low of 30535-29726
  • The Trend Day POC & VWAP of 19/07 at 29815 & 30065 are the immediate references on the upside.
  • The higher Trend Day VWAP of 18/07 & 08/07 at 30575 & 30857 remain important references going forward
  • The settlement day Roll Over point is 31400
  • The VWAP & POC of Jun Series is 30914 & 30961 respectively.
  • The VWAP & POC of May Series 30211 & 28940 respectively
  • The VWAP & POC of Apr Series is 30037 & 29762 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 30477-30546-30662

Hypos / Estimates for the next session:

BNF hypos for next session

a) BNF needs to get above 29815-830 for a move to 29890 & 29960-984
b) Immediate support is at 29761-740 below which auction can test 29669-650 & 29601-565
c) Above 29984, BNF can probe higher to 30045-65 & 30130-152
d) Below 29565, lower levels of 29460-430 & 29360 could come into play
e) Sustaining above 30152, BNF can give a fresh move up to 30205 / 30254-272 & 30325
f) Break of 29360 could trigger a move down 29315-280/ 29220 & 29172

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