Market Profile Analysis dated 4th June

Nifty Jun F:

NF made an OAIR start around the PDH but stayed below the HVN of 12113 indicating that there was no new demand coming in and moreover it was only apt that the auction consolidated after a Trend Day as it remained in a narrow range of 47 points in the first hour as ‘B’ made an inside bar leaving a small tail at top from 12095 to 12112. (Click here to view the profile chart for better understanding) The auction then continued to probe lower till the ‘G’ period making small range extensions in each period to tag the 1.5 IB of 12042 but this slow grind lower meant that there were only locals who were in the market with a very good chance of shorting in the hole as there was an inventory adjustment in the ‘H’ period as NF got above VWAP making a high of 12098 testing the morning tail at top. The ‘I’ period then made an inside bar & closed below VWAP confirming that the bounce was a result of inventory getting too short which is why it needed a reset. NF then resumed it’s probe lower as it made lower highs & lower lows over the next 3 periods making a new day low at 12036 in the ‘L’ period which was just above the extension handle of previous day and was expected to hold in the first attempt. The new lows did hold as NF got back to tag VWAP in the last 15 minutes to leave a small Gaussian profile with overlapping to higher Value. The Trend Day VWAP & VPOC of 12015 still remain the important level to hold for further upside in the coming session(s)

Nf Compo1 2 Market Profile Analysis Dated 4Th June 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 In Range (OAIR)
  • The day type was a Normal Variation Day (Down)  [Gaussian Profile]
  • Largest volume was traded at 12072 F
  • Vwap of the session was at 12071 with lowest volumes in a month of just 82.1 L and matching with the lowest range also of only 76 points trading in a High-Low range of 12112-12036
  • The Trend Day VWAP of 12015 will be important support now
  • The settlement day Roll Over point is 11980
  • The VWAP & POC of May Series is 11613 & 11696 respectively.
  • The VWAP & POC of Apr Series is 11641 & 11592 respectively.
  • The VWAP & POC of Mar Series is 11327 & 11448 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 12049-12072-12084

Hypos / Estimates for the next session:

a) NF has immediate resistance at 12074-77 above which it can test 12094 & 12115
b) 12049-34 is demand zone below which the auction can test 12015 & 11994-980
c) Above 12115 for a move to 12133-150 & 12181-194
d) Below 11980, NF can check lower supports of 11957-949 & 11915-905
e) Above 12194, NF can probe higher to 12210-228 & 12250
f) Break of 11905 can trigger a move lower to 11880-870 & 11830-825


BankNifty Jun F:

Bnf Compo1 2 Market Profile Analysis Dated 4Th June 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 made an Open Auction start as it opened in previous day’s spike zone & probed higher scaling above PDH making a high of 31753 in the ‘A’ period but did not see any increase in the volumes as it began to consolidate making a triple inside bar in the ‘D’ period as the range kept narrowing from a 173 point range in the IB to just a 50 point range in the ‘D’ period. (Click here to view the profile chart for better understanding) The auction then attempted a probe lower in the ‘E’ period as it made a new day low at 31571 but was immediately rejected back into the IB after which the range once again started to contract as ‘F’ & ‘G’ periods made double inside bar with the G period staying in a range of just 40 points which was indicative that the auction is doing a bad job below VWAP and hence could possibly move higher to check for new sellers. The ‘H’ period then made a 160 point move higher marking new day highs of 31794 as BNF confirmed a FA at lows and there were signals that we could have a Neutral Extreme profile shaping up. However, the probe higher in the ‘H’ period did not find any continuation as the auction consolidated making inside bars in the ‘I’ & ‘J’ periods and the failure of the auction to tag even the 1.5 IB range extension in spite of a relatively narrow range IB meant that supply is still persistent in the 31790-31815 zone and this led to the retracement of the entire up move in the ‘K’ & ‘L’ periods as BNF came down to tag the IBL of 31580 again before closing around the dPOC giving a Neutral Centre Day which is also a nice Gaussian profile with overlapping to higher Value. There is a good chance of the auction giving a move away from here in the coming session(s).

  • The BNF Open was a Open Auction (OA)
  • The day type was a Neutral Centre Day  [Gaussian profile]
  • Largest volume was traded at 31625 F
  • Vwap of the session was at 31677 with volumes at 24.3 L in a session which traded a High-Low range of 31794-31571 for a range of 223 points which was the narrowest range of the last 45 days
  • The settlement day Roll Over point is 31644
  • The VWAP & POC of May Series 30211 & 28940 respectively
  • The VWAP & POC of Apr Series is 30037 & 29762 respectively.
  • The VWAP & POC of Mar Series is 29061 & 29778 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 31610-31625-31723

Hypos / Estimates for the next session:

a) BNF needs to sustain above 31690 for a move to 31755-775 & 31815-825
b) Immediate support is at 31630-625 below which the auction can test 31571-565 & 31505-480
c) Above 31825, BNF can probe higher to 31880 & 31949
d) Below 31480, BNF can move lower to 31400-392 / 31365-344 & 31315
e) If BNF sustains above 31949, higher levels of 32001 & 32058-82 could open up
f) Break of 31315 could trigger a move down to 31250-225 & 31152-125

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