Market Profile Analysis dated 23rd April 2021

Nifty Apr F:  14338 [ 14468 / 14263 ]

NF made an OAIR start with a narrow IB range of just 74 points as it took support just above the Trend Day VWAP of 14314 and went on to make an OTF probe to the upside till the ‘E’ period as it tagged the higher extension handle of Tuesday at 14457 almost completing the 2 IB objective of the day at 14470 which was another profit booking level for the longs as this not only stopped the upside probe but triggered a new leg lower for the rest of the day resulting in a RE to the downside also in the ‘K’ period followed by new lows of 14263 in the ‘L’ before NF gave a bounce into the close to the dPOC of 14339 leaving a perfect Neutral Centre Day and looks good to move away from here in the coming session(s).

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 Centre Day (NeuC)
  • Largest volume was traded at 14339 F
  • Vwap of the session was at 14368 with volumes of 113.8 L and range of 205 points as it made a High-Low of 14468-14263
  • The settlement day Roll Over point (Apr) is 14425
  • The VWAP & POC of Mar Series is 14816 & 14737 respectively.
  • The VWAP & POC of Feb Series is 14893 & 15115 respectively.
  • The VWAP & POC of Jan Series is 14288 & 14569 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 14321-14339-14417

HVNs – 14352 / 14420 / 14621 / 14827* / 14906 / 14975


BankNifty Apr F:  31710 [ 32170 / 31376 ]

The previous day’s POC shifting higher to 31781 into the close resulted in a lower open as the auction took support above the higher extension handle of 31315 as it left a buying tail in the IB indicating that the upside probe was still not over and went on to make another OTF move higher till the ‘E’ period as it closed htis week’s gap and went on to tag the daily VPOC of 32142 but got stalled just below the weekly POC of 32175 which seemed to be the last objective of this leg up as BNF not only marked the end of the OTF up but started to probe lower for the rest of the day as it made a retracement to 31554 before closing the day at 31710 just below the dPOC of 31756 which was almost overlapping and would be the immediate reference for the next open.

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 Normal Variation Day – Up (NV)
  • Largest volume was traded at 31756 F
  • Vwap of the session was at 31801 with volumes of 58.5 L and range of 794 points as it made a High-Low of 32170-31376
  • The settlement day Roll Over point (Apr) is 33250
  • The VWAP & POC of Mar Series is 34618 & 33870 respectively.
  • The VWAP & POC of Feb Series is 35530 & 35820 respectively.
  • The VWAP & POC of Jan Series is 31597 & 32062 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 31593-31756-32015

HVNs – 31836 / 32615 / 33250 / 33433 */ 34050

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