28th Apr 2020

NF VAs

VAH - 9360
POC - 9340
VAL - 9302

BNF VAs

VAH - 20214
POC - 20118
VAL - 20028

We did not get a follow through open in NF after a neutral day (from Friday 24th Apr), which means price does not want to go down, BNF also supported the up-move. We opened above YVAH and drove up until 9350. It might take sometime to break that level. 9280 will act as support, any break of 9280 can trigger a down move.

Hypo - 1 - If Price opens above YVAH and breaks 9385 zone (20th Apr high), it might drive up to test 9500 / 9520. price can test upto 9610 zone if it breaks 9530 with momentum.

Hypo - 2 - If price opens inside YVA, it might do some balancing moves and later if it breaks 9360 zone with momentum, it might test 9500 / 9520 and if price breaks 9280 it can test 9200 / 9180 zone.

Hypo - 3 - If price opens below YVAL and breaks 9280 zone, it might drive down to test 9200 / 9180. and if 9180 breaks, can test 9095 VPOC from 22nd Apr 2020.

Side Notes:
1) ViX did not spike up. seems like it can go to 35 / 30 / 27 levels slowly and NF by breaking 9385, can slowly go up to 9500 / 9520 and if 9530 breaks, can go up to 9610.
2) Keep March 13 and march 16 profiles as reference for 9600 zones. This is where market fell in a big way. 9610 will be the next big resistance.
3) As of now Strong support at 9280 and 9180.
4) For BNF, if it breaks 20280 / 20300 zone, can drive up to test 20750 zone.

BNF Daily Profile

NF Daily Profile


Mar 13th and Mar 16th Profile


Comments

Post a Comment

Popular posts from this blog

30th Aug 2021 - Nifty / BankNifty Weekly Analysis

Image
 Hello Everyone, It has been so long that I posted my analysis here for Nifty and Banknifty. It is time for me to step up and do at least a Weekly and Monthly analysis on both indices and some stocks from time to time. I really miss posting some of my views and I have been busy with my investments, trades, and of course work. Terrific highest weekly closing. Relentless move without any significant down moves, which indicates strength. Large-caps have been moving for the last 3 weeks and the broader market hasn't been performing great. Noticeable sector rotation going on. Underperformance in Pharma, Auto, Banks, Realty and outperformance in Capital goods, IT, FMCG. Cement and OMCs look like going to step up for the next rally. Let's dive into the  Weekly Analysis for Nifty  using Market profile and price action, Last two weeks, Nifty has formed a very strong base of around 16400. That is where the single prints from the Week of 9th August acted as strong support. Refer to ...
Read more

04th May 2020 - Weekly and Daily Analysis

Image
Monthly Value Areas: NF VAs VAH - 9372  POC - 9012 VAL - 8810 BNF VAs VAH - 20562 POC - 19542 VAL - 18684 Weekly Analysis: NF VAs VAH - 9587  POC - 9305 VAL - 9232 BNF VAs VAH - 21426 POC - 20118 VAL - 19692 Week of 27th Apr 2020 was strong and NF closed at highs. BNF was strong. Broke some important zones like 9530, 9610 and closed around 9860 levels. 9910 levels are important for bulls to touch 10455 levels which is the next VPOC from 8th March 2020.  The gap-up open will act as Singles which are around 9760 - 9580. Any break below 9580, price might test 9375 levels and if momentum is high, can test weekly POC at 9305 zone. The last support for bulls as per weekly profile is at 9270, any break below 9270, can trigger a sharp down move towards 9050 zone.  ViX was constantly declining around 5% everyday until Thursday, where it recovered till 33 and closed slightly positive.  NF Weekly Profile ...
Read more

10th Jan 2020

Image
@ 9.00 AM NF closed at 12271 NF VAs VAH - 12273 POC - 12234 VAL - 12223 Hypo - 1 - If price opens above YVAH, it might drive up to test 12320 / 12330 zone Hypo - 2 - If price opens inside YVA, it might balance for a while, it might test the 'C' single prints and then bounce up to test 12300 / 12320 zone. Hypo - 3 - If price opens below YVAL, it might test the single prints at 12210 and it breaks with momentum, it might drive down to test 12110 / 12100 zone. Side Notes: 1) 12285 zone is a small resistance zone, price must break above this with momentum. 2) ViX was down 10%, closed at 14. 3) "C" period Single prints between 12220 and 12200. 4) price might do lot of balancing moves today, due to low ViX.
Read more