Market Profile Analysis dated 20th Nov

Nifty Nov F:

NF opened below the Neutral Extreme reference of 10745-10779 which was a weak open and it made a balance in a very narrow range of 40 points in the first part of the day between the OH of 10749 & 10709 which was also the previous week high. It went on to give a pull back high of 10730 but then could not sustain above VWAP & started trending lower for remaining part of the day first breaking below the FA of 10693 & then tagging the VPOC of 10670 before making poor lows at 10650 as the selling looked a bit streched therefore gave a late pull back high of 10687 which will be the first level to watch tomorrow on the upside above which we have a ledge at 10715 which will act as resistance. For now the PLR seems to have turned down as NF closed well below the FA of 10693 so the levels to watch lower would be the other multi-day FA we had at 10636 & then the VPOC of 10620 & next the 1 ATR move down from 10693 which comes to 10553.

Nf Compo1 19 Market Profile Analysis Dated 20Th 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 in Range
    • The day type was a Normal Variation Day (Down) with a 3 IB range extension
    • Largest volume was traded at 10720 F
    • Vwap of the session was at 10702 with volumes of 92.3 L in a session which traded a High-Low range of 10749-10651 for 98 points 
    • NF has a multi-day FA at 10636 and has tagged the 1 ATR target of 10779, the 2 ATR target comes to 10917
    • NF closed below the FA of 10694 (19/11) today and the 1 ATR down target comes to 10553
    • 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 10677-10720-10739

Hypos / Estimates for the next session:

a) Supply now at 10730 is firm and likely to show selling on any upper probes
b) 10630 is early support tom
c) Below 10630, next support is at 10596


BankNifty Nov F:

Bnf Compo1 15 Market Profile Analysis Dated 20Th 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 looked like giving a Open Test Drive Down at start when it moved away from the POC of the 2-day bell but the volumes were again very low & BNF for the third consecutive day made a narrow range of just 182 points (lowest in the last 3 months) and a bell profile on daily. BNF probed through the singles of the DD made on 15th and tagged the weekly extension handle of 26080 (mentioned in the weekly report). BNF also left a multi-day FA at 26395, the 1 ATR move down of which comes to 26035. We have a wide POC today at 26200 which will be the level to watch on any bounce above which we have the VPOC of 26290. On the downside, BNF remains weak below 26160 & the multi-day FA of 25811 (which got confirmed on 15th Nov) and is now at T+3 days can be expected to be revisited in the next 2 days.

  • The BNF Open was an Open Auction
  • The day type was a Normal Variation Day (Down)
  • Largest volume was traded at 26200 F
  • Vwap of the session was at 26185 with volumes of 28.7 L in a session which traded a High-Low range of 26262-26080 for 182 points
  • BNF negated the FA made at 26080 on 14/11 and the 1 ATR target to the upside is 26472
  • BNF closed below the multi-day FA of 26162 (made on 19/11) and the 1 ATR down target is 25801
  • BNF confirmed a multi-day FA today at 25811 and tagged the 1 ATR target of 26208 & is currently on T+3 days
  • 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 1 ATR of 25102 & has stayed above the 2 ATR 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 26145-26200-26242

Hypos / Estimates for the next session:

a) The auction has supply at 26200 F now
b) 26014 is minor support
c) Below 26014, next support is at 25960

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