Market Profile Analysis dated 30th October 2020

Nifty Nov F:  11638 [ 11746 / 11515 ]

NF made a drive like open on the upside as it seemed to give a move away from previous Value even leaving a buying tail from 11708 to 11632 in the IB (Initial Balance) where it made a high of 11746 but could not get above PDH (Previous Day High) indicating that the supply was still active here. The auction then broke below VWAP in the D period which triggered further liquidation as it went on to make multiple REs (Range Extension) lower for the next 5 periods completing the 2 IB target of 11518 while making a low of 11515 in the ‘H’ period. This sharp & quick imbalance saw some profit booking by the sellers as the dPOC shifted lower to 11563 after which NF gave a retracement back to VWAP and got back to 11654 into the close. Value for the day was overlapping to lower with the close being right at the 2-day composite POC so will need to look for intiaitive volumes for a move away from this POC in the coming session.

Nf Market Profile Analysis Dated 30Th October 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

Click here to view the 2-day composite in NF on MPLite

  • The NF Open was a Open Auction In Range (OAIR)
  • The Day type was a Normal Variation Day – Down (NV)
  • Largest volume was traded at 11563 F
  • Vwap of the session was at 11618 with volumes of 159.6 L and range of 231 points as it made a High-Low of 11746-11515
  • The settlement day Roll Over point (Nov) is 11665
  • The VWAP & POC of Oct Series is 11793 & 11897 respectively.
  • The VWAP & POC of Sep Series is 11353 & 11560 respectively.
  • The VWAP & POC of Aug Series is 11311 & 11311 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 11540-11563-11652

HVNs – 11740

Hypos for 02.11.2020:

a) NF needs to sustain above 11635 for a rise to 11668-707 / 11745-793 & 11836-876
b) The auction staying below 11620 could test 11585-550 / 11520-475 & 11430-390


BankNifty Nov F:  23924 [ 24277 / 23565 ]

Bnf Market Profile Analysis Dated 30Th October 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 saw a strong open from the buyers as they drove higher in the IB leaving a buying tail from 24090 to 23929 but then the dreaded C side extension marked the end of road for the buyers as the auction confirmed a daily FA at 24277 which triggered a fresh leg down as it made new lows for the week at 23565 and in the process completed the 1 ATR objective of 23619 and similar to NF, gave a bounce to day’s VWAP into the close to settle down at 23924.

Click here to view the latest profile chart in BNF on MPLite

  • The BNF Open was a Open Auction In Range (OAIR)
  • The Day type was a Normal Variation Day – Down (NV)
  • Largest volume was traded at 23910 F
  • Vwap of the session was at 23906 with volumes of 90.5 L and range of 712 points as it made a High-Low of 24277-23565
  • BNF confirmed a FA at 24277 on 30/10 and tagged the 1 ATR objective of 23619 on the same day. The 2 ATR target comes to 22962.
  • The settlement day Roll Over point (Nov) is 24110
  • The VWAP & POC of Oct Series is 23740 & 24468 respectively.
  • The VWAP & POC of Sep Series is 22320 & 22320 respectively.
  • The VWAP & POC of Aug Series is 22444 & 21595 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 23658-23910-24026

HVNs – 24110

Hypos for 02.11.2020:

a) BNF needs to sustain above 23930 for a rise to 23995 / 24130-260 / 24320-392 / 24465-550 & 24650
b) The auction staying below 23901 could test 23840-778 / 23688-600 / 23500-440 / 23360 & 23240-175

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