Market Profile Analysis dated 8th May

Nifty May F:

Nf Compo1 4 Market Profile Analysis Dated 8Th May 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 Out of Range (OAOR)
  • The day type was a Normal Variation Day – Down (with a spike lower)
  • Largest volume was traded at 11485 F
  • Vwap of the session was at 11469 with the highest volumes of this series so far at 102.6 L in a session of 117 points trading in a High-Low range of 11520-11403
  • NF confirmed a FA at 11695 on 06/05 and tagged the 2 ATR target of 11480 today and closed well below it.
  • NF had confirmed a FA at 11432 on 26/03 and tagged the 2 ATR move of 11632 on 27/03. NF closed below this FA today which indicates more weakness
  • The settlement day Roll Over point is 11722
  • The VWAP & POC of Apr Series is 11641 & 11592 respectively.
  • The VWAP & POC of Mar Series is 11327 & 11448 respectively.
  • The VWAP & POC of Feb Series is 10830 & 10856 respectively.

Report to be updated…

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 11457-11485-11499

Hypos / Estimates for the next session:

a) NF has a HVN at 11416 so staying above it can probe higher to 11438-443 & 11462
b) Sustaining below 11416, the auction can probe lower to 11400-385 & 11363-350
c) Above 11462, NF can tag higher levels of 11485 & 11508-513
d) Below 11350, lower levels of 11335-326 & 11308 could be tagged
e) If 11513 is taken out, the auction can probe higher to 11532-544 & 11583
f) Break of 11308 could bring 11288-274 & 11252


BankNifty May F:

Bnf Compo1 4 Market Profile Analysis Dated 8Th May 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 Out of Range (OAOR)
  • The day type was a Neutral Extreme Day (Down)
  • Largest volume was traded at 29250 F
  • Vwap of the session was at 29271 with volumes of 26.8 L in a session which traded a High-Low range of 29418-29115 for a range of 304 points
  • BNF confirmed a FA at 29418 on 08/05. The 1 ATR move down from this FA comes to 29000.
  • BNF confirmed a weekly FA at 29945 on 07/05. The 1 ATR move down of 29136 was tagged on 08/05. The 2 ATR move lower comes to 28327
  • BNF confirmed a multi-day FA at 29730 on 03/05 and tagged the 1 ATR move up of 30139. This FA got negated today as BNF opened below it. The 1 ATR move lower from this FA comes to 29321 and was tagged today.
  • The settlement day Roll Over point is 29760
  • The VWAP & POC of Apr Series is 30037 & 29762 respectively.
  • The VWAP & POC of Mar Series is 29061 & 29778 respectively.
  • The VWAP & POC of Feb Series 27042 & 26978 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 29230-29250-29359

Hypos / Estimates for the next session:

a) Staying above 29145 at open, BNF can probe higher to 29190 & 29250
b) BNF has immediate support at 29145-120 below which it can move lower to 29084-53 & 28990-965
c) Above 29250, the auction could move higher to 29305 & 29375
d) Below 28965, PLR remains down for a probe to 28880-864 & 28810
e) Sustaining above 29375, BNF could rise to 29419-445 & 29550-590
f) Break of 28810 could bring lower levels of 28730 & 28660-632

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