Market Profile Analysis dated 30th April 2021

Nifty May F:  14691 [ 14890 / 14660 ]

NF opened lower and gave a move away the previous day’s prominent POC of 14927 forming lower daily Value for the first time in the week as it formed a ‘p’ shape profile for the first half of the day but gave a fresh probe lower in the second half closing the day with a spike to the downside as it made a low of 14660 stopping just above the Trend Day VWAP of 14646 which would be the immediate reference on the downside for the next open.

Click here to view the latest profile in NF on MPLite

  • The NF Open was a Open Auction Out of Range (OAOR)
  • The Day type was a Normal Variation Day – Down (NV)
  • Largest volume was traded at 14811 F
  • Vwap of the session was at 14784 with volumes of 124.8 L and range of 230 points as it made a High-Low of 14890-14660
  • The settlement day Roll Over point (May) is 14925
  • The VWAP & POC of Apr Series is 14576 & 14375 respectively.
  • The VWAP & POC of Mar Series is 14816 & 14737 respectively.
  • The VWAP & POC of Feb Series is 14893 & 15115 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 14740-14811-14883

HVNs – 14896 / 14997 


BankNifty May F:  32893 [ 33599 / 32812 ]

BNF opened lower on Friday well below the overlapping 2-day POC of 33799 and an attempt to probe higher resulted in the ‘D’ period was met with rejection after which the auction formed a nicely balanced profile for the day before it made a RE on the downside in the ‘I’ period confirming a FA at 33599 and spiked lower into the close to 32812 leaving a Neutral Extreme Down Day with another prominent POC at 33400. Today’s VWAP of 33198 would be the important reference for the coming session(s) with the PLR being down towards 32712 & 31825.

Click here to view the latest profile in BNF on MPLite

  • The BNF Open was a Open Auction Out of Range (OAOR)
  • The Day type was a Neutral Extreme Day – Down (NeuX)
  • Largest volume was traded at 33400 F
  • Vwap of the session was at 33198 with volumes of 52.5 L and range of 788 points as it made a High-Low of 33599-32812
  • BNF confirmed a FA at 33599 on 30/04 and the 1 ATR objective comes to 32712.
  • The settlement day Roll Over point (May) is 33765
  • The VWAP & POC of Apr Series is 33260 & 32490 respectively.
  • The VWAP & POC of Mar Series is 34618 & 33870 respectively.
  • The VWAP & POC of Feb Series is 35530 & 35820 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 33042-33400-33523

HVNs – 32615

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