Market Profile Analysis dated 19th Nov

Nifty Nov F:

NF had another gap up open of 50 points from Friday’s close confirming a multi-day FA at 10636 but could not sustain the new highs & closed the gap while probing lower even breaking the first hour lows of 10701 but the down move was rejected at yVAH of 10694 indicating that PLR in NF was still up. NF then made a small balance auctioning at that 10710-715 zone leaving a HVN there after which it gave a breakout above vwap at mid-day & stayed above it till close. NF did give a pull back to vwap at 10713 which will be the important level to watch out for this week before it made a RE (Range Extension) to the upside confirming a FA at 10693. NF gave another pull back low of 10726 before closing in a small spike & tagging the 1 ATR target of 10779 from the multi-day FA of 10636. The dPOC shifted higher to 10775 at close so will be the levels to watch at open tomorrow and we have the Neutral Extreme reference of 10745-10779 along with it.

Nf Compo1 18 Market Profile Analysis Dated 19Th 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 Open Auction Out of Range
    • The day type was a Neutral Extreme Day (Up)
    • Largest volume was traded at 10775 F
    • Vwap of the session was at 10728 with volumes of 76 L in a session which traded a High-Low range of 10780-10694 for 86 points 
    • NF confirmed the multi-day FA at 10636 and even tagged the 1 ATR target of 10779, the 2 ATR target comes to 10917
    • NF also confirmed a fresh FA at 10694 today and the 1 ATR target comes to 10834
    • 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 2 ATR 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/market-profile-analysis-with-monthly-and-weekly-charts/ (has monthly and weekly Profile charts updated to trade date 16/11)

Daily Zones:

    • Value zones (volume profile) are at 10723-10775-10777

Hypos / Estimates for the next session:

a) Bullish above 10760 for 10820 and 10843
b) 10701 is support below 10760
c) Below 10700 is a fast drop to 10630


BankNifty Nov F:

Bnf Compo1 13 Market Profile Analysis Dated 19Th 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 had a gap up opening of over 100 points making a new high of 26385 confirming a multi-day FA at 26162 but could not sustain above previous week highs & gave a ORR start with the auction probing lower breaking into previous day Value Area & tagging the yPOC and previous day VWAP. It then made a narrow balance between 26220 & 26285 before breaking higher making a new day high at 26395 after which it tried to stay above previous week highs of 26335 but once that broke, it made a sharp fall to break the day lows making a new low of 26207 before closing at dVAH. BNF las left a probable FA at both ends today plus the multi-day FA of 26162 is still in place for a 1 ATR move to 26523. Value has been overlapping today along with the dPOC and BNF is making a nice 2-day bell on profile chart so could give a good trending move away after 2 back to back narrow range days.

  • The BNF Open was an Open Rejection Reverse
  • The day type was a Normal Day (Bell Curve)
  • Largest volume was traded at 26250 F
  • Vwap of the session was at 26297 with volumes of 25.6 L in a session which traded a High-Low range of 26395-26207 for 187 points
  • BNF negated the FA made at 26080 on 14/11 and the 1ATR target to the upside is 26472
  • BNF confirmed a multi-day FA today at 26162 and the 1 ATR target is 26523
  • BNF confirmed a multi-day FA today at 25811 and tagged the 1 ATR target of 26208
  • The FA of 13/11 at 25429 is now strong support as has tagged the 2 ATR target of 26230 and closed above it
  • 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
  • 31st October’s VWAP of 24895 & POC of 24900 will be important levels going forward

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

Daily Zones:

  • Value zones ( volume profile) are at 26232-26250-26315

Hypos / Estimates for the next session:

a) The auction is bullish above 26070 and 26210
b) Minor supply seen at 26395 today
c) Technical target is 26575 on clean break above 26395

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