Market Profile Analysis dated 22nd January 2021

Nifty Jan F:  14380 [ 14626 / 14356 ]

NF opened in the Neutral Extreme zone in the IB but an attempt to probe higher in the ‘C’ period was swiftly rejected leading to a fresh OTF move lower for the day as the auction confirmed a FA at 14626 and completed the 1 ATR objective of 14459 with ease before leaving yet another NeuX profile on the daily as it made a low of 14356 before closing the day at 14380.

Nf 4 Market Profile Analysis Dated 22Nd January 2021 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

Click here to view the latest profile in NF on MPLite

  • The NF Open was a Open Auction In Range (OAIR)
  • The Day type was a Neutral Extreme Day – Down (NeuX)
  • Largest volume was traded at 14430 F
  • Vwap of the session was at 14483 with volumes of 163.8 L and range of 270 points as it made a High-Low of 14626-14356
  • NF confirmed a FA at 14626 on 22/01 and tagged the 1 ATR objective of 14459 on the same day. The 2 ATR target comes to 14291.
  • NF confirmed a FA at 14077 on 05/01 and tagged the 2 ATR objective of 14413 on 11/01. This FA has not been tagged and is now positional support.
  • The settlement day Roll Over point (Jan) is 14007
  • The VWAP & POC of Dec Series is 13528 & 13528 respectively.
  • The VWAP & POC of Nov Series is 12554 & 12862 respectively.
  • The VWAP & POC of Oct Series is 11793 & 11897 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 14370-14430-14526

HVNs – 13970 / 14040 / 14120 / 14220 / 14460* / 14594


BankNifty Jan F:  31198 [ 32227 / 31123 ]

Bnf 4 Market Profile Analysis Dated 22Nd January 2021 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 got accepted in the Neutral Extreme zone of previous day as it made a high of 32227 in the IB and went on to form a Trend Day Down dropping by 1104 points and stalling right in the Value of the earlier 6-day composite (29th Dec 2020 to 5th Jan 2021) where it played the 80% Rule 3 times both up & down with the POC shifting to lows at close indicating profit booking by the shorts.

Click here to view the latest profile in BNF on MPLite

  • The BNF Open was a Open Auction In Range (OAIR)
  • The Day type was a Trend Day – Down (TD)
  • Largest volume was traded at 31207 F
  • Vwap of the session was at 31562 with volumes of 75.7 L and range of 1104 points as it made a High-Low of 32227-31123
  • The settlement day Roll Over point (Jan) is 31389
  • The VWAP & POC of Dec Series is 30270 & 30766 respectively.
  • The VWAP & POC of Nov Series is 28104 & 29565 respectively.
  • The VWAP & POC of Oct Series is 23740 & 24468 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 31125-31207-31759

HVNs – 31410 / 31900 / 32107* / 32406 / 32686

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