Market Profile Analysis dated 22nd May

Nifty May F:

As mentioned in yesterday’s report, NF stayed above 11715 and went on to make a nice balance between 11715 to 11833 giving a Gaussian profile and an inside bar for the day as NF completed the 3-day balance (chart given below) before the much awaited Election Results Day from where it could give a big move away. The 3-day composite has Value at 11730-11765-11787

Nf Mplite 3 Market Profile Analysis Dated 22Nd May 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

[20th-22nd May: 3-day Composite]

Nf 3Day Comp Market Profile Analysis Dated 22Nd May 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 (3-1-3 profile)
  • Largest volume was traded at 11765 F
  • Vwap of the session was at 11767 with volumes at 108.1 L in a session of 123 points trading in a High-Low range of 11833-11710
  • The settlement day Roll Over point is 11722
  • The VWAP & POC of Apr Series is 11641 & 11592 respectively.
  • The VWAP & POC of Mar Series is 11327 & 11448 respectively.
  • The VWAP & POC of Feb Series is 10830 & 10856 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 11743-11765-11787

Hypos / Estimates for the next session:

a) Staying above 11800-810, NF can probe higher to 11842-871 / 11911-938 / 12004-19
b) Immediate support is at 11780-765 below which it can test 11730-690 / 11650-620 / 11590-550
c) Above 12012, the auction can move to 12050-91 & 12186-201
d) Below 11550, NF can fall to 11527-489 / 11445-425 / 11390-350
e) If 12201 is taken out, higher levels of 12275-289 & 12411 open up
f) Break of 11350 can trigger a move lower to 11296-265 & 11180


BankNifty May F:

Bnf Mplite 3 Market Profile Analysis Dated 22Nd May 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 gave an OAIR start and remained in the previous day’s range making Value in the low volume zone and in the process completing a 3-day composite (chart given below) just before the event. The auction has a very good chance to move away from here in the coming session(s). The 3-day composite has Value at 30351-30505-30735

[20th-22nd May: 3-day Composite]

Bnf 3Day Comp Market Profile Analysis Dated 22Nd May 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 BNF Open was a Open Auction In Range (OAIR)
  • The day type was a Normal Variation Day – Up (3-1-3 profile)
  • Largest volume was traded at 30570 F
  • Vwap of the session was at 30541 with volumes at 30.2 L in a session which traded a High-Low range of 30770-30350 for a range of 420 points
  • The settlement day Roll Over point is 29760
  • The VWAP & POC of Apr Series is 30037 & 29762 respectively.
  • The VWAP & POC of Mar Series is 29061 & 29778 respectively.
  • The VWAP & POC of Feb Series 27042 & 26978 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 30450-30570-30639

Hypos / Estimates for the next session:

a) BNF staying above 30648 can do 30712-784 / 30864-975 / 31062-31154
b) Immediate support is at 30570-565 below which it can test 30495-450 / 30392-351 / 30200-120
c) Above 31154, the auction can probe higher to 31250 / 31340 / 31430
d) Below 30120-060, BNF can fall to 29945-880 / 29832-760 / 29675-550
e) If BNF sustains above 31430, it can test 31490 & 31564 but above it could start a leg to 32015
f) Break of 29550 could trigger a move down to 29460-375 / 29320-188 / 29099-016

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