Market Profile Analysis dated 9th July

Nifty Jul F:

NF opened below the nearest HVN of 11570 and seemed to be giving another drive down as it broke below PDL (Previous Day Low) making a low of 11503 in the opening 10 minutes but got back above VWAP & the previous day’s range immediately giving an Open Auction start to the day. The auction however could not make new highs in this move up and resumed the trend lower in the ‘B’ period as it made new lows of 11495. (Click here to view the profile chart for better understanding) NF then made that dreaded ‘C’ side extension lower as it tagged 11486 and coming after the big imbalance of the last 2 days where we had back to back trend days which saw a 500 point drop there was a very good chance that this RE (Range Extension) can fail. More confirmation came in this regard as NF got back into the IB (Initial Balance) immediately and went on to scale above VWAP as the ‘D’ period closed. The auction then made a range extension higher in the ‘E’ period tagging that HVN of 11570 confirming a FA (Failed Auction) at lows and continued to probe higher in the ‘F’ period as it made high of 11594 completing the 1.5 IB move to the upside but saw swift rejection as it left a small tail at top from 11572 to 11594. Having stalled the imbalance of the last 2 days, NF then started to form a balance building volumes around the 11550 level to give a Neutral Centre profile for the day and on a 2-day composite the profile resembles a ‘b’ shape. The pull back low of 11513 left in the ‘J’ period will be the immediate reference on the downside and on the upside we have the small tail at top.

Nf Compo1 7 Market Profile Analysis Dated 9Th July 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 (OA)
  • The day type was a Neutral Centre Day
  • Largest volume was traded at 11552 F
  • Vwap of the session was at 11540 with volumes of 120.3 L and range of 108 points as it made a High-Low of 11594-11486
  • NF confirmed a FA (Failed Auction) at 11486 on 09/07. The 1 ATR move up comes to 11612.
  • The Trend Day VWAPs of 05/07 & 08/07 at 11908 and 11624 respectively will be important references going forward
  • The settlement day Roll Over point is 11915
  • The VWAP & POC of Jun Series is 11833 & 11714 respectively.
  • The VWAP & POC of May Series is 11613 & 11696 respectively.
  • The VWAP & POC of Apr Series is 11641 & 11592 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 11514-11552-11564

Hypos / Estimates for the next session:

a) NF needs to stay above 11552 for a test of 11572-594 & 11613-624
b) Immediate support is at 11530 below which the auction can fall to 11513 / 11493-486 & 11472-464
c) Above 11624-635, NF can probe higher to 11655-665 & 11682
d) Below 11464, auction becomes weak for 11450-445 / 11425 & 11396-390
e) If 11682 is taken out, the auction can rise to 11705-710 / 11743 & 11770
f) Break of 11390 can trigger a move lower to 11370-350 & 11325-315


BankNifty Jul F:

Bnf Compo1 7 Market Profile Analysis Dated 9Th July 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 opened lower around the PDL (Previous Day Low) and made a swift move down in the opening 10 minutes as it hit 30451 where it got rejected to give a bounce as it made new highs for the day at 30679 in the ‘A’ period. Unable to get above the yPOC of 30704, the auction then began to balance staying inside the ‘A’ period range for the next 3 periods before it made a range extension to the upside in the ‘E’ period scaling above 30700 & followed it by a higher high of 30780 in the ‘F’ period almost tagging the 1.5 IB move to the upside. (Click here to view the profile chart for better understanding) BNF then made a balance for the rest of the day leaving a pull back low of 30564 in the ‘J’ period and forming an overlapping POC around the 30700 level for the second consecutive day. Though Value formed for the day was overlapping to lower the 2-day composite still is ‘b’ shape long liquidation profile.

  • The BNF Open was a Open Auction (OA)
  • The day type was a Normal Variation Day – Up
  • Largest volume was traded at 30690 F
  • Vwap of the session was at 30630 with volumes of 25.6 L in a session which traded in a range of 329 points making a High-Low of 30780-30451
  • The Trend Day VWAP of 08/07 at 30857 will be important reference going forward
  • The settlement day Roll Over point is 31400
  • The VWAP & POC of Jun Series is 30914 & 30961 respectively.
  • The VWAP & POC of May Series 30211 & 28940 respectively
  • The VWAP & POC of Apr Series is 30037 & 29762 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 30558-30690-30732

Hypos / Estimates for the next session:

a) BNF needs to stay above 30645 for a move higher to 30733 & 30775-780
b) Sustaining below 30645, the auction can test 30591-564 & 30527
c) Above 30780, BNF can probe higher to 30857-883 & 31011-35
d) Below 30525, lower levels of 30463-450 & 30399 could come into play
e) Sustaining above 31035, BNF can give a fresh move up to 31115-152 & 31210-260
f) Break of 30399 could trigger a move down 30350-320 / 30275 & 30120

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