12th May 2020

Today NF gave some wild moves after Reliance stopped supporting the up-move. NF opened slightly above YVAH, exactly opposite to BNF which opened below YVAL. This gave the clue NF might not head higher as expected. Even though it broke 9370 / 9420 zone with momentum, BNF absolutely did not support the move. BNF is weak as hell.

NF VAs

VAH - 9402
POC - 9340
VAL - 9292

BNF VAs

VAH - 19524
POC - 19326
VAL - 19068

Hypo - 1 - If price opens below YVAL and break of Y.Low, price can test 9150 and 9120 zones. break of 9120 zone will lead to 9050 and 9020 levels.

Hypo - 2 - If price opens inside YVA below YPOC and price rejection around 9320, price might drive down to test Y.low and break of that zone will test 9150 zone. If price opens above YPOC, it might take support around 9320 and drive up to test 9400 zone. 

Hypo - 3 - If price opens above YVAH, it might drive down first to test YPOC and take support around 9300 and then drive up to test 9400 / 9420 zone. 

Side Notes:
1) BNF is dragging NF. BNF support around 18750 and 18600. Break below 18600 can make market bleed. 
2) Any bounce from these zone can make NF bounce faster towards 9300 / 9350 zones.
3) There were some Singles formed in NF around 9265 and 9240. second singles around 9290 and 9275. 
4) ViX was trading down by 2.5% and closed almost flat.
5) There is an anomaly at 9380 level.

BNF Daily Profile
NF Daily 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