Market Profile Analysis dated 30th Jan 2020

Nifty Feb F:  12060 [ 12139 / 12035 ]

HVNs – 11980 / 12055 / 12078 / 12160 / 12230 / 12310 / 12395

NF did move away from the 2-day balance to once again form lower Value leaving a ‘b’ shape profile for the day so the dPOC of 12055 will be the important reference in the coming session.

Nf Compo1 21 Market Profile Analysis Dated 30Th Jan 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 an Open Drive – Down  (OD) on lower volumes
  • The day type was a Normal Variation Day (NV) ‘b’ shape profile
  • Largest volume was traded at 12055 F
  • Vwap of the session was at 12074 with volumes of 109 L and range of 111 points as it made a High-Low of 12146-12035
  • The 20th Jan Trend Day VWAP of 12336 would be important supply point.
  • The settlement day Roll Over point (Feb) is 12044
  • The VWAP & POC of Dec Series is 12087 & 12182 respectively.
  • The VWAP & POC of Nov Series is 11954 & 11910 respectively.
  • The VWAP & POC of Oct Series is 11461 & 11365 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 12038-12055-12084 

Hypos / Estimates for the next session:

a) Staying above 12055, NF could rise to 12078-083 / 12110 & 12130
b) Immediate support is at 12044 below which the auction could fall to 12021 / 12009 & 11979-973
c) Above 12130, NF can probe higher to 12153-159 / 12175 & 12189-195
d) Below 11973 auction gets weak for a test of 11956-949 / 11931 & 11904
e) If 12195 is taken out, the auction go up to to 12210-215 / 12230 & 12258
f) Break of 11904 can trigger a move lower to 11886 / 11869 & 11850

Nifty SPOT Hypos for rest of the week:

A) Nifty needs to get above 12156 and sustain for a move to 12194-211 & 12230-266
B) Immediate support is at 12103-100 below which the auction could test 12055-46 & 12002-11991
C) Above 12266, Nifty can probe higher to 12295 / 12322-340 & 12377
D) Below 11991, lower levels of 11955-936 & 11881 could come into play
E) If 12377 is taken out, Nifty can have a fresh leg up to 12395-400 / 12433 & 12458-485
F) Break of 11881 could bring lower levels of 11856-836 & 11794-772


BankNifty Feb F:  30768 [ 30947 / 30622 ]

HVNs – 30726 / (31070-115) / 31440 / 32260

Bnf Market Profile Analysis Dated 30Th Jan 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

BNF also moved lower from the 3-day composite leaving a ‘b’ shape profile & similar to NF, the DPOC of 30726 will be the important reference in the coming session.

  • The BNF Open was an Open Drive – Down  (OD) on lower volumes
  • The day type was a Normal Variation Day (NV) ‘b’ shape profile
  • Largest volume was traded at 30724 F
  • Vwap of the session was at 30725 with volumes of 15.9 L and range of 325 points as it made a High-Low of 30947-30622
  • The 20th Jan Trend Day VWAP of 31500 would be important supply point.
  • The settlement day Roll Over point (Feb) is 30726
  • The VWAP & POC of Dec Series is 31956 & 32102 respectively.
  • The VWAP & POC of Nov Series is 30699 & 31100 respectively.
  • The VWAP & POC of Oct Series is 28784 & 28415 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 30680-30726-30797

Hypos / Estimates for the next session:

a) BNF has immediate supply at 30803 above which it could rise to 30851-880 / 30925 & 30966-992
b) The auction gets weak below 30724 for a test of 30661 / 30610 & 30560
c) Above 30992, BNF can probe higher to 31050-070 / 31115-144 & 31190-201
d) Below 30560, lower levels of 30500 / 30448-432 & 30350-335 could be tagged
e) If 31201 is taken out, BNF can give a fresh move up to 31250-285 / 31330 & 31383
f) Break of 30335 could trigger a move down to 30280 / 30201 & 30150-131

BankNifty SPOT Hypos for rest of the week:

A) BankNifty needs to sustain above 30890-923 for a move to 30972 / 31026-065 & 31115-153
B) Immediate support is at 30863-840 below which the auction could test 30761-729 / 30660 & 30602
C) Above 31153, BankNifty can probe higher to 31227-246* & 31330
D) Below 30602, lower levels of 30550-538 / 30450 & 30364 could come into play
E) If 31330 is taken out, BankNifty could rise to 31403*-418 / 31488 & 31531
F) Break of 30364 could trigger a move lower to 30302-277 / 30235-204* & 30105-090

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