27th May 2020

NF had a gap-up opening, First hour was completely Open Auction Outside Range. It couldn't penetrate 9170 / 9180 zone, got rejected sharply and moved towards 9000 zone. Price took support around 8970 zone. 

BNF was slightly stronger than NF and was holding 17300 zone.

NF VAs

VAH - 9107
POC - 9030
VAL - 8977

BNF VAs

VAH - 17604
POC - 17484
VAL - 17412

Hypo - 1 - If NF opens inside YVA above YPOC, it might do some balancing moves and it might take support around 9030 / 9040 and bounce towards 9100 zone. If 9100 breaks, it might further drive up towards 9140 / 9160 zone. If YPOC is broke, it might drive down to test 8965 / 8920 zone. 


Hypo - 2 - If NF opens above YVAH, it might drive up towards 9150 / 9160 zone. 9220 must be broke with momentum for price to drive up further towards 9400 / 9450 zone. Any rejection in the 9160 - 9180 zone, price might drive down towards YPOC and YVAL

Side Notes:
1) ViX was negative to flat. Closed around 31.47 (Down by 3%). Looks like ViX is going towards 27 zone.
2) Y.Low (8975) is important for bulls to hold. Any break can drive price down faster.
3) BNF holding 17300 is also key. 
4) Range bound market between 9200 and 8900.


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