Nifty Feb F: 17796 [ 17810 / 17680 ]
NF made it a hat-trick of gap up opens as it got accepted above the 21st Jan VPOC of 17668 and made a slow grinding probe to the upside all day leaving the first PBL at 17685 in the C period after which it went on to tag the FA of 17766 in the F TPO. The auction then gave a second PBL at 17726 in the J TPO and found fresh demand at the day’s VWAP which led to a small spike from 17788 to 17810 into the close. Value was once again completely higher but the range & volumes saw a contraction so will need fresh volumes at open for the imbalance to continue to the upside.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 17748 F
- Vwap of the session was at 17747 with volumes of 85.1 L and range of 130 points as it made a High-Low of 17810-17680
- The settlement day Roll Over point (February 2022) is 17165
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 respectively.
- The VWAP & POC of Dec 2021 Series is 17169 & 17240 respectively.
- The VWAP & POC of Nov 2021 Series is 17635 & 17961 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 17705-17748-17773
Business Areas for 03rd Feb 2022:
Up
17820 – LVN from 20th Jan
17873 – VPOC from 20th Jan
17920 – PBH from 20th Jan
17990 – Selling Singles (20th Jan)
18051 – VWAP from 19th Jan
18125 – Selling singles (19th Jan)
18161 – VPOC from 18th Jan
Down
17788 – Spike low (02nd Feb)
17748 – dPOC from 02nd Feb
17685 – Buying singles (02nd Feb)
17637 – Mid-point of buying tail
17594 – VPOC from 01st Feb
17565 – HVN from 02nd Feb
17519 – VWAP from 02nd Feb
17455 – LVN from 02nd Feb
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Feb F: 39437 [ 39482 / 38877 ]
BNF not only opened with a gap up but remained above the FA of 38915 but scaled above the 18th Jan swing high of 39090 indicating that the PLR (Path of Least Resistance) for the day would be to the upside as it left an initiative buying tail from 39080 to 38877 in the IB and made multiple REs till the F period where it hit 39375.
The auction then probed lower to test the day’s VWAP in the J period and saw buyers defending the same and leaving a PBL at 39193 which triggered a fresh probe higher into the close as BNF left an extension handle at 39375 & went on to make a high of 39482 but saw the dPOC shifting to the top which could mean profit booking by the longs. Value for the day was completely higher for the second successive session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 39437 F
- Vwap of the session was at 39237 with volumes of 43 L and range of 605 points as it made a High-Low of 39482-38877
- BNF confirmed a FA at 38550 on 28/01 and tagged the 1 ATR objective of 37858 on the same day. This FA got re-visited on 01/02 and closed above it giving the 1 ATR target of 39242 on the upside on 02/02. The 2 ATR objective to the upside comes to 39934.
- BNF confirmed a FA at 38915 on 01/02 and tagged the 1 ATR objective of 38230 on the same day. This FA got re-visited on 02/02 and closed above it so can expect the 1 ATR target of 39600 on the upside in the coming session.
- BNF confirmed a multi-day FA at 37767 on 01/02 and tagged the 1 ATR objective of 38442 on the same day and went on to tag the 2 ATR target of 39126 on 02/02.
- The settlement day Roll Over point (February 2022) is 38240
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 respectively.
- The VWAP & POC of Dec 2021 Series is 36082 & 35100 respectively.
- The VWAP & POC of Nov 2021 Series is 38047 & 39404 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 39160-39437-39481
Business Areas for 03rd Feb 2022:
Up
39475 – 1 ATR weekly objective
39600 – 1 ATR up from 38915
39753 – PWR target of BNF
39913 – Weekly 4 IB target
40037 – 1.5 IB on Monthly
40174 – 1 ATR from yPOC
40285 – 2 ATR from 38915
Down
39375 – Extension Handle (02nd Feb)
39240 – HVN from 02nd Feb
39080 – Buying Singles (02nd Feb)
38978 – Mid-point of singles
38851 – Mid-point of Gap
38636 – dPOC from 01st Feb
38520 – VWAP from 01st Feb
(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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