Nifty Apr F: 17713 [ 17740 / 17476 ]
NF opened lower & even made a freak tick of 17423 but was swiftly rejected back into previous day’s range confirming an ORR (Open Rejection Reverse) start as the auction not only completed the 80% Rule in the 2-day composite Value of 17529-17542-17577 but went on to leave an extension handle at 17544 along with an initiative buying tail in the IB (Initial Balance) from 17533 to 17476 indicating that the PLR (Path of Least Resistance) for the day was firmly to the upside.
The C & D periods then saw small REs (Range Extension) to the upside as NF repaired previous day’s poor highs of 17610 by making new highs for the week at 17613 but began to coil as it remained in a narrow range building volumes at 17583 and left a PBL at 17560 in the F period & this defense of the day’s VWAP meant that the initiative buyers of the morning were still in complete control.
NF then left the second extension handle of the day at 17613 in the I period and followed it up with another one at 17655 in the L TPO as the auction made a swipe higher to 17740 into the close leaving an irregular Trend Day Up to start the new series.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Rejection Reverse – Up (ORR)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 17584 F
- Vwap of the session was at 17603 with volumes of 96.1 L and range of 264 points as it made a High-Low of 17740-17476
- The settlement day Roll Over point (April 2022) is 17546
- The VWAP & POC of Mar 2022 Series is 16753 & 17255 respectively.
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 respectively.
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 respectively.
You can check the monthly charts & other swing levels for Nifty & NF here & for the weekly charts & analysis, please click here.
Daily Zones:
- Value zones (volume profile) are at 17551-17584-17730
Business Areas for 04th Apr 2022:
Up
17717 – Selling singles (01st Apr)
17760 – Extension Handle (03rd Feb)
17818 – PBH from 03rd Feb
17850 – Selling Singles (03rd Feb)
17900 – Spike low (02nd Feb)
17939 – Selling Singles (20th Jan)
17990 – VWAP from 19th Jan
18040 – 2 ATR from 17584
Down
17712 – M TPO low (01st Apr)
17655 – Extension Handle 3 (01st Apr)
17603 – Trend Day VWAP (01st Apr)
17560 – PBL from 01st Feb
17533 – Buying Singles (01st Apr)
17485 – Buying singles (30th Mar)
17436 – Extension Handle (Daily)
17365 – VPOC from 29th Mar
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Apr F: 37201 [ 37250 / 36337 ]
BNF also opened lower breaking into previous day’s buying singles as it made a low of 36337 but was swiftly rejected back into previous day’s range where it not only swiped through the balanced Value Area zone but left an extension handle at 36638 and made new highs for the week at 36788 in the IB (Initial Balance) leaving a large 451 point range.
The auction then made multiple REs (Range Extension) to the upside but slowed down a bit to catch up on it’s breath as it left poor highs in the D & F TPOs but got back it’s momentum in the G period where it confirmed the second extension handle of the day at 36875 triggering a trending move for the rest of the day completing the 2 IB objective of 37239 while hitting a high of 37250 into the close & in the process leaving the third extension handle of the day at 37049.
BNF has started the new series with a typical Trend Day Up and saw some volumes building up at 37180 which would be the immediate reference for the next open with the top most extension handle of 37049 and the Trend Day VWAP of 36926 being the important levels to watch on the downside.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse – Up (ORR)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 36822 F
- Vwap of the session was at 36926 with volumes of 54.2 L and range of 913 points as it made a High-Low of 37250-36337
- The settlement day Roll Over point (Aril 2022) is 36550
- The VWAP & POC of Mar 2022 Series is 34992 & 35648 respectively.
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 respectively.
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 respectively.
For the Monthly charts & other swing levels for BankNifty & BNF click here & for the weekly charts & analysis, please click here.
Daily Zones:
- Value zones (volume profile) are at 36401-36822-37134
Business Areas for 04th Apr 2022:
Up
37228 – Selling singles (01st Apr)
37350 – PBL from 22nd Feb
37450 – dPOC from 22nd Feb
37641 – low from 23rd Feb
37747 – Extension Handle (23rd Feb)
37888 – VPOC from 23rd Feb
37996 – Selling singles (23rd Feb)
38152 – SOC from 21st Feb
Down
37180 – HVN from 01st Apr
37045 – Extension Handle (01st Apr)
36926 – Trend Day VWAP (01st Apr)
36822 – dPOC from 01st Apr
36722 – mid-profile singles
36604 – Buying Singles (01st Apr)
36450 – Buying singles (31st Mar)
36282 – Buying singles (30th Mar)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
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