Market Profile Analysis dated 1st July

Nifty Jul F:

NF opened higher leaving a buying tail at lows from 11872 to 11841 as it probed higher to test the supply zone of 11907-916 and went on to make highs of 11925 giving a Normal Variation Up Day with a 1.5 IB extension to the upside with one of the lowest range & volumes in over 2 months. NF has made a nice Gaussian Profile on a 3-Day composite (click here to view the chart) with Value at 11877-11916-11944 but needs an initiative move away from here on good volumes to trend.

Nf Compo1 1 Market Profile Analysis Dated 1St 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 Auction In Range (OAIR)
  • The day type was a Normal Variation Day – Up
  • Largest volume was traded at 11908 F
  • Vwap of the session was at 11900 with very low volumes of 63.1 L making the lowest range in the past 2.5 months of just 61 points as it made a High-Low of 11925-11863
  • 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 11890-11908-11915

Hypos / Estimates for the next session:

a) NF has immediate supply at 11916-925 above which it could probe higher to 11945-954 & 11984
b) Staying below 11908, the auction could test 11893 & 11875-863
c) Above 11984, NF could move higher to 12005-009 & 12030-45
d) Below 11863, auction becomes weak for 11841-833 & 11811
e) If 12045 is taken out, the auction can rise to 12062-79 & 12105-109
f) Break of 11811 can trigger a move lower to 11797-777 & 11754-743


BankNifty Jul F:

Bnf Compo1 1 Market Profile Analysis Dated 1St 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 also opened higher moving away from the previous balance negating the FA of 31422 it left on Friday to confirm a new multi-day FA at 31230 as it probed higher leaving a buying tail from 31388 to 31267 and went on to make a range extension to the upside as it made a high of 31560 falling just short of the 1 ATR move of 31611. Value for the day was completely higher & the PLR remains up with immediate support now at 31450. (Click here to view the profile chart for better understanding)

  • The BNF Open was a Open Rejection Reverse – Up (ORR)
  • The day type was a Normal Variation Day – Up
  • Largest volume was traded yet again at 31450 F
  • Vwap of the session was at 31469 with lowest volumes in past 2 months of just 17 L in a session which traded in a narrow range just 278 points making a High-Low of 31422-31207
  • 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 31429-31450-31498

Hypos / Estimates for the next session:

BNF hypos for next session

a) BNF needs to sustain above 31545 for a move higher to 31611-625 & 31690
b) Immediate support is at 31460-448 below which the auction can test 31390-385 & 31312
c) Above 31690, BNF can probe higher to 31740 & 31784-803
d) Below 31312, lower levels of 31267-252 & 31202-158 could come into play
e) Sustaining above 31803, BNF can give a fresh move up to 31875 & 31929-949
f) Break of 31158 could trigger a move down 31071-041 & 30975-953

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