Market Profile Analysis dated 24th Apr 2020

Nifty Apr F:  9138 [ 9260 / 9115 ]

HVNs – (8112) / (8280) / (8400) / (8544) / 8928 / 8976 / 9024 / 9216 / (9265)

Report to be updated…

Nf Compo1 15 Market Profile Analysis Dated 24Th Apr 2020 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  (OA)
  • The day type was a Neutral Day (NeuD)
  • Largest volume was traded at 9150 F
  • Vwap of the session was at 9179 with volumes of 168.4 L and range of 145 points as it made a High-Low of 9260-9115
  • NF had confirmed a multi-day FA at 8686 on 09/04  and tagged the 1 ATR objective of 9211 on 15/04. The 2 ATR target comes to 9736. This FA has not been tagged & is now important support.
  • NF confirmed a FA at 7521 on 24/03  and tagged the 2 ATR objective of 8595 on 26/03. This FA has not been tagged and is now positional support.
  • NF confirmed a FA at 9384 on 17/03  and tagged the 2 ATR move of 8613 on 18/03. This FA has not been tagged and is positional supply point. This FA was tagged on 20/04 but was immediately rejected from there so still holds as an important reference.
  • The Trend Day VWAP of 8620 would be important support level.
  • The settlement day Roll Over point (Apr) is 8686
  • The VWAP & POC of Mar Series is 9146 & 8592 respectively.
  • The VWAP & POC of Feb Series is 11944 & 12125 respectively.
  • The VWAP & POC of Jan Series is 12178 & 12132 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 9124 – 9150 – 9184

Main Hypos for the next session:

a) NF needs to sustain above 9152 for a rise to 9175-84 / 9208/ 9232-36 / 9262-89* & 9308-18
b) The auction has immediate support at 9140-24 below which it could test 9102 / 9085 / 9056-41 / 9016-13 & 8986

Extended Hypos:
c) Above 9318, NF can probe higher to 9337 / 9365-85 / 9412-16 & 9460-80
d) Below 8986, the auction can fall further to 8962-50 / 8925 / 8892-75 & 8840-28

-Additional Hypos*-
e) Sustaining above 9480` could take NF to 9510 / 9550 / 9580 & 9615
f) If 8828` is taken out, NF can start a new leg down to 8808-04 / 8775-36 / 8700 & 8667-62


BankNifty Apr F:  19517 [ 19860 / 19381 ]

HVNs – (18144) / (19248) / 19344-392 / 19536 / (19680) / (20064) / (20688)

Bnf Compo1 14 Market Profile Analysis Dated 24Th Apr 2020 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

Report to be updated...

  • The BNF Open was a Open Auction  (OA)
  • The day type was a Neutral Day (NeuD)
  • Largest volume was traded at 19560 F
  • Vwap of the session was at 19600 with volumes of 61.2 L and range of 479 points as it made a High-Low of 19860-19381
  • BNF confirmed a FA at 17921 on 07/04  and tagged the 1 ATR target of 19818 on 08/04. The 2 ATR objective from this FA is at 21715. This FA has not been tagged and is now positional support.
  • The settlement day Roll Over point (Apr) is 19380
  • The VWAP & POC of Mar Series is 22104 & 20248 respectively.
  • The VWAP & POC of Feb Series is 30692 & 30692 respectively.
  • The VWAP & POC of Jan Series is 31425 & 32104 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 19480 – 19560 – 19720

Main Hypos for the next session:

a) BNF needs to sustain above 19548 for a rise to 19600-651 / 19720-765 / 19818-828 / 19890 & 19950-980
b) The auction has immediate support at 19476 below which it could fall to 19433 / 19380-368 / 19290-230 / 19184-125 & 19044

Extended Hypos:
c) Above 19980, BNF can probe higher to 20064-80* / 20140-196 / 20232-286 / 20374-395 & 20456
d) Below 19044, lower levels of 18970-905 / 18770 / 18700 / 18660-650 & 18570 could come into play

-Additional Hypos*-
e) BNF sustaining above 20456` could start a new leg up to 20517-550 / 20620-688 / 20730-800 / 20880-916 & 21000
f) If 18570` is taken out, BNF could fall further to 18507-483 / 18430-375 / 18300 / 18225-195* & 18144-060

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