Market profile analysis dated 15th nov

NF made an OAIR which was also inside previous day’s Value indicating a quiet first part of the day & it remained inside previous day Value for the first couple of hours before giving an range extension to the upside & giving a 2IB day with the same high as yesterday thereby making an Inside Day with poor highs in NF if we combine the last 2 day’s Market Profile trading strategies as that selling tail of 10655-10680 was negated today. However, we saw some long liquidation & fresh shorts coming into the last 45 minutes as it left a pull back high at 10670 to close below VWAP. The 2 day composite gives a perfect bell in NF & the close today is at the composite POC so we could get a trending move away from here.

• The NF Open was a Open Auction in Range (in Value)
• The day type was a Normal Variation Day
• Largest volume was traded at 10621 F
• Vwap of the session was at 10635 with volumes of 88.6 L in a session which traded a High-Low range of 10680-10586 for 94 points
• The vwap of 29/10 at 10175 is strong support now which was broken intraday but re-captured
• We had a FA at 10111 on 31/10 which has done its 2 ATR objective & is now strong support
• The VWAP & POC of 31/10 10250 & 10248 will be important levels going forward

For the weekly and other swing levels of the Nifty go to – https://vtrender.in/monthly-and-weekly-charts-analysis(has monthly and weekly Profile charts updated to trade date 09/11)