Skip to main content
  • 9284331270
  • support@vtrender.com
  • Log In
Vtrender
  • 9284331270
  • support@vtrender.com
  • Log In
  • Home
  • Features
  • Forum
  • Pricing
  • The Vtrender Trading Room Mentorship Program
  • Training Library
  • About Us
  • Market Profile Charts
  • MarketProfile Ecourse
  • Home
  • Features
  • Forum
  • Pricing
  • The Vtrender Trading Room Mentorship Program
  • Training Library
  • About Us
  • Market Profile Charts
  • MarketProfile Ecourse

Monthly (September 2020) charts and Market Profile Analysis

October 2, 2020October 2, 2020 vtrender Blog

Nifty Spot –  11247 [ 11618 / 10790 ]

Monthly Profile (September 2020)

Previous month’s report ended with this ‘Value for the month was higher at 11130-11311-11550 and has rejections at both ends with the selling tail being from 11617 to 11794 which would be the supply zone for the coming month. On the downside, 11311 would be the important level to hold which if taken out could lead to the test of the lower rejection from 11064 to 10882

Nifty opened the month forming a balance for the first 3 days after that big selling day of 31st August as it made Value below the selling tail of 11617 and made a big gap down open of 173 points on 4th Sep where it tested the combo of prevoius month’s POC / VWAP of 11311. The second week this month started on a bearish note as it made new lows of 11252 on 7th Sep followed by another lower low of 11185 on 9th where it confirmed a FA (Failed Auction) on both daily as well as weekly timeframe and this marked the end of the probe lower of the current leg. The auction then made a trending move higher over the next 6 days making higher highs on 5 of them completing the weekly 1 ATR objective of 11587 as it made highs of 11618 on 16th Sep stalling right at previous month’s selling tail indicating that the upside probe could be over. Nifty gave more confirmation of this as it formed a nice weekly balance in the third week with a prominent POC at 11559. The fourth week started with a daily FA being confrimed at 11535 on 21st Sep which led to a trending move lower not just for the day but the entire week as the auction left an extension handle at 11442 and a long selling tail till 11320 as it went on to make lows of 10790 tagging the monthly VPOC of 10803 on the 24th of Sep where it closed in a spike lower from 10840 to 10790. Monthly VPOCs are important references and Nifty made a good reaction from there as it opened higher on 25th Sep rejecting previous day’s spike down and later confirmed a new FA at 10855 which confirmed that the downmove was over. The auction then completed the 2 ATR objective of 11168 with a gap up open the next week and continued to probe higher as it tagged 11305 on 29th Sep but stalled right below the latest selling tail of 11320 to 11442 as it closed the month with a nice 3-day balance with a prominent POC at 11220 and looks set to give a move away from here at the start of the new month.

The monthly Value was mostly inside previous month’s Value at 11202-11559-11580 and even the range was moslty inside except for the 2 days where it it was swiftly rejected leaving daily extension handles at 11015 & 11072. Nifty has been forming a balance over the last 2 months over a wide range of 11150 to 11550 and could continue to remain in this range unless it negates one of the rejections of 11618 on the upside or 11072 on the downside in the coming month.

Click here to view the daily Nifty chart of September on MPLite as per above analysis

Monthly Zones:

The VWAP of the September 2020 series is at 11320 spot and the POC is at 11560
The settlement day (Oct) rollover volume point is at 10830 F.

The VWAP of the August 2020 series is at 11311 spot and the POC is at 11311
The settlement day (Sep) rollover volume point is at 11607 F.

The VWAP of the July 2020 series is at 10897 spot and the POC is at 10803
The settlement day (Aug) rollover volume point is at 11095 F.

The VWAP of the June 2020 series is at 10110 spot and the POC is at 10110
The settlement day (Jul) rollover volume point is at 10240 F.

The VWAP of the May 2020 series is at 9200 spot and the POC is at 9106
The settlement day (Jun) rollover volume point is at 9426 F.

The VWAP of the April 2020 series is at 8999 spot and the POC is at 9010
The settlement day (May) rollover volume point is at 9822 F.


BankNifty Spot –  21452 [ 24199 / 20405]

Monthly Profile (September 2020)

Previous month’s report ended with this ‘This month’s Value is at 21060-21595-23400 and is completely overlapping July’s range and has left multiple extension handles at 22440 / 22897 & 23180 which would be the important references on the downside in the coming month. The selling tail of 24611 to 25232 would be the zone to watch out for on the upside

It was a month of 3’s in BankNifty as it began the month with couple of 3-day composites and trended lower to form a Triple Distribution profile on the monthly which ended with yet another 3-day balance closing around the POC of the lower most distriubtion.

The auction opened this month in the lower part of the trend day down profile of 31st Aug as it remained below the PBH of 24289 and formed a 3-day Gaussian profile with similar lows near 23450 just above previous month’s VAH of 23400 but the first Friday of the month gave a strong bearish sign as it not only opened with a gap down of more than 400 points leaving an extension handle at 23451 but in the probe higher later in the day got rejected exaclty at previous month’s VAH while making a high of 23395 which confirmed that the PLR for the month would be down. BankNifty then trended lower for the first 3 days in the second week making lower highs & lower lows as it hit 22080 on 9th Sep, the day where it moved away from the 3-day composite POC pf 22975 which was the latest reference on the upside. The auction then formed a bigger composite of 7 days from 9th Sep to 17th Sep forming Value at 22189-22404-22509 and spent most of the day on 18th Sep also in this balance before it gave the next move lower in a late spike leaving an extension handle at 22250 signalling the start of a new imbalance. BankNifty trended lower all of next week as it got fueled by a daily FA at 22099 on 21st Sep as it left an extension handle at 21812 and went on to break below the monthly FA of 21027 repairing the poor lows of the last 2 months as it not only completed the 2 ATR objective of 20914 but fell by another 500 points in the week as it closed in a spike lower of 20600 to 20405 on 24th Sep. This spike was rejected with a gap up on 25th Sep and further confirmation of the lows for the month being made came in the form of a daily FA at 20430 on the same day from where the auction began a fresh probe higher as it completed the 2 ATR target of 21458 on 29th Sep while making a high of 21811 stalling right below the extension handle of 21st Sep. This imbalance then led to a balance being formed on the last 3 days of the month as BankNifty made yet another prominent POC at 21363 and looked set to move away from here.

The monthly Value was almost similar to previous month at 21030-22405-23100 and has mentioned above has 3 seperate distributions with the 3 respective HVNs at 21363, 22405 & 23698 which would be the important references in the coming month as BankNifty could look to fill up the low volume zone(s) in the monthly profile.

Click here to view the daily BankNifty chart of September on MPLite as per above analysis

Monthly Zones:

The VWAP of the September 2020 series is at 22246 spot and the POC is at 22405
The settlement day (Oct) rollover volume point is at 20490 F.

The VWAP of the August 2020 series is at 22444 spot and the POC is at 21595
The settlement day (Sep) rollover volume point is at 23576 F.

The VWAP of the July 2020 series is at 22163 spot and the POC is at 22087
The settlement day (Aug) rollover volume point is at 21615 F.

The VWAP of the June 2020 series is at 20918 spot and the POC is at 21164
The settlement day (Jul) rollover volume point is at 21430 F.

The VWAP of the May 2020 series is at 18780 spot and the POC is at 19633
The settlement day (Jun) rollover volume point is at 19035 F.

The VWAP of the April 2020 series is at 19605 spot and the POC is at 19710
The settlement day (May) rollover volume point is at 21380 F.

Related

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

Post navigation

Order Flow charts dated 01st October 2020
Participantwise Open Interest – 1st OCT 2020

Most Read Post

  • Nifty 50 Monthly and Annual returns (1991-2022) updated 30th DEC 2022
  • Example Video- Mentoring room support in market hours
  • What happened at 18165 F today
  • Mid Month report
  • Making sense Sept 2022
  • Making sense Aug 2022
  • A look at Market Structure ahead of the new October series
  • Launching- Overnights
  • Making sense- June July 2022
  • Testimonials
  • Making sense May 2022- Orderflow edition.
  • Making sense April 2022
  • Making sense Feb 22 and March 22
  • Making sense Jan 2022 edition
  • Of our working process through 2021 – with MarketProfile and Orderflow
  • Performance Of The Trading Room In Sept, Oct , Nov Series ( consolidated post)
  • Performance of the Trading Room in August series
  • Performance of the Trading Room in July Series
  • Make TIME your friend in the markets
  • 3 new videos in the Training Library
  • Performance of the Trading Room in the June 2021 series
  • The May 2021 series
  • StressFree trading with #Orderflow
  • We thought you should know April 2021 series
  • We thought you should know March 2021 Series
  • We thought you should know about Feb 2021
  • We thought you should know ! Jan 2021
  • Performance update of MarketProfile strategies used in the Vtrender Trading Room
  • Performance report of MarketProfile and Orderflow (up 32% again) trading strategies used in the Vtrender Trading Room
  • Performance report in Oct (up 32%) based on MarketProfile and Orderflow strategies
  • Performance record in Sept on MarketProfile and Orderflow strategies
  • Performance record in Aug on MarketProfile and Orderflow strategies
  • Training Library refurbished with new strategies
  • Give a man a fish…
  • MarketProfile Performance report in July 2020
  • AMA on 23rd June in the VTR
  • Our Performance with MarketProfile, and the awesome COT
  • The 4 stages of a Trader’s Life. Which one are you in?
  • Vtrender Workshop – Some QnA
  • What is exactly the Orderflow?
  • Data drives everything
  • Volume Spikes – How to exploit them
  • Market Profile The evolution
  • Random Musings on Market Profile
  • Order Flow Analysis – Strategies used to trade
  • How a Market Profile chart gives an edge to trade
  • Level 1- Market Profile Essentials
  • Market profile Trading strategies – Open Outside Ranges
  • Why I trust an OrderFlow chart…
  • Risk Management on Calls
  • OrderFlow Knowledge Base
  • Trading room charts explained
  • IB Extension Set Up- The C Side
  • Vix – Nifty Range Explained
  • Nifty Daily Stats ( IB Breakouts)
  • Nifty – MarketProfile trading strategies- The IB
  • Nifty daily stats ( 1 )
  • Spike Rules
  • Of Failed Auctions and revisits ( FA )
  • Steidlmayer Distribution
  • Market Profile-Day types

Archives

  • February 2023 (11)
  • January 2023 (109)
  • December 2022 (36)
  • November 2022 (32)
  • October 2022 (36)
  • September 2022 (41)
  • August 2022 (38)
  • July 2022 (40)
  • June 2022 (41)
  • May 2022 (39)
  • April 2022 (32)
  • March 2022 (34)
  • February 2022 (32)
  • January 2022 (36)
  • December 2021 (38)
  • November 2021 (31)
  • October 2021 (32)
  • September 2021 (35)
  • August 2021 (31)
  • July 2021 (37)
  • June 2021 (35)
  • May 2021 (79)
  • April 2021 (111)
  • March 2021 (55)
  • February 2021 (51)
  • January 2021 (54)
  • December 2020 (55)
  • November 2020 (52)
  • October 2020 (57)
  • September 2020 (77)
  • August 2020 (117)
  • July 2020 (95)
  • June 2020 (117)
  • May 2020 (104)
  • April 2020 (94)
  • March 2020 (111)
  • February 2020 (102)
  • January 2020 (116)
  • December 2019 (67)
  • November 2019 (64)
  • October 2019 (60)
  • September 2019 (69)
  • August 2019 (65)
  • July 2019 (73)
  • June 2019 (64)
  • May 2019 (83)
  • April 2019 (80)
  • March 2019 (83)
  • February 2019 (84)
  • January 2019 (95)
  • December 2018 (78)
  • November 2018 (75)
  • October 2018 (85)
  • September 2018 (65)
  • August 2018 (65)
  • July 2018 (76)
  • June 2018 (87)
  • May 2018 (85)
  • April 2018 (72)
  • January 2018 (4)
  • March 2016 (33)
  • February 2016 (90)
  • January 2016 (92)
  • December 2015 (50)
  • November 2015 (75)
  • October 2015 (87)
  • September 2015 (88)
  • August 2015 (89)
  • July 2015 (91)
  • June 2015 (83)
  • May 2015 (49)
  • April 2015 (42)
  • March 2015 (47)
  • February 2015 (41)
  • January 2015 (42)
  • December 2014 (44)
  • November 2014 (35)
  • October 2014 (35)
  • September 2014 (47)
  • August 2014 (31)
  • July 2014 (36)
  • June 2014 (23)
  • May 2014 (21)
  • April 2014 (21)
  • March 2014 (43)
  • February 2014 (40)
  • January 2014 (14)
  • December 2013 (1)
  • November 2013 (8)
  • October 2013 (8)
  • September 2013 (10)
  • August 2013 (11)
  • July 2013 (4)
  • June 2013 (4)
  • May 2013 (22)
  • April 2013 (30)
  • March 2013 (15)
  • February 2013 (20)
  • January 2013 (20)
  • December 2012 (13)
  • November 2012 (13)
  • October 2012 (33)
  • September 2012 (16)
  • August 2012 (11)
  • July 2012 (35)
  • June 2012 (56)
  • May 2012 (57)
  • April 2012 (34)
  • March 2012 (42)
  • February 2012 (27)
  • January 2012 (24)
  • December 2011 (36)
  • November 2011 (50)
  • October 2011 (34)
  • September 2011 (45)
  • August 2011 (60)
  • July 2011 (60)
  • June 2011 (47)
  • May 2011 (56)
  • April 2011 (47)
  • March 2011 (61)
  • February 2011 (62)
  • January 2011 (77)
  • December 2010 (37)
  • November 2010 (68)
  • October 2010 (75)
  • September 2010 (56)
  • August 2010 (44)
  • July 2010 (32)
  • June 2010 (32)
  • May 2010 (45)
  • April 2010 (14)
  • March 2010 (22)
  • February 2010 (12)
  • January 2010 (12)

About Us

The Vtrender Trading room specializes in Nifty and Bank Nifty future. We have charts Of Market Profile and Order Flow Charts + Live analysis + Live commentary + live trades.

We apply he concepts of Market Profile and the Order Flow to the NO and the Bank Nifty.

Explore

  • About Us
  • Forum
  • Pricing
  • The Vtrender Trading Room Mentorship Program
  • Features
  • Training Library

Forum

  • Market Profile Analysis & Weekly Settlement Report dated 02nd Feb 2023 February 2, 2023
  • Participantwise net Open Interest and net equity investments – 2nd FEB 2023 February 2, 2023

Address

  • 9511921975
  • support@vtrender.com

Copyright @ 2009 - 2021 Vtrender Inc. All Rights Reserved.

whatsapp whatsapp